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Student Accommodation in a Convenient Location
R 2,650,000
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9 months ago1273 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Townhouse-villa
Bedrooms (#):4
Bathrooms (#):2
Size (sqm):141
Parking:Covered
Description
This spacious 4-bedroom house is an excellent investment opportunity designed and built for students studying at the University of Cape Town (UCT), due to the convenient location, and being within walking distance of the campus.
The house offers a peaceful and conducive environment for studying. The 4 bedrooms are exactly the same and well-sized to comfortably accommodate students, providing a private and comfortable space for them to rest and study.
The common areas of the house are thoughtfully designed, with a spacious living room, a fully equipped kitchen, and 2 bathrooms to cater to the needs of the residents. 1 bathroom gets shared between 2 rooms. The living room provides a perfect setting for socializing and relaxing after a day of classes, and the kitchen offers ample space for preparing meals and fostering a sense of community among the students.
The rental income of R24,000, before expenses, is a significant advantage of this property, making it an attractive investment opportunity.
Additionally, the proximity to UCT ensures a consistent demand for student housing, providing a stable rental income stream. The location also offers easy access to public transportation, shops, restaurants, and other amenities, enhancing the overall convenience and appeal of the property.
Mowbray is a vibrant suburb located in Cape Town, South Africa. Situated just south of the city centre, the area is known for its diverse community and features a mix of residential and commercial spaces. It is a popular choice, especially among students and young professionals. The presence of lush green spaces, such as the Rondebosch Common, adds to the charm of Mowbray. This area provides opportunities for outdoor activities, including walking, jogging, and picnicking.
To find out more, please make contact.
Property Reference #: RL11476
Agent Details:
Marthinus Kruger
Louw and Coetzee Properties (PTY) Ltd
35 Main Road, Durbanville
The house offers a peaceful and conducive environment for studying. The 4 bedrooms are exactly the same and well-sized to comfortably accommodate students, providing a private and comfortable space for them to rest and study.
The common areas of the house are thoughtfully designed, with a spacious living room, a fully equipped kitchen, and 2 bathrooms to cater to the needs of the residents. 1 bathroom gets shared between 2 rooms. The living room provides a perfect setting for socializing and relaxing after a day of classes, and the kitchen offers ample space for preparing meals and fostering a sense of community among the students.
The rental income of R24,000, before expenses, is a significant advantage of this property, making it an attractive investment opportunity.
Additionally, the proximity to UCT ensures a consistent demand for student housing, providing a stable rental income stream. The location also offers easy access to public transportation, shops, restaurants, and other amenities, enhancing the overall convenience and appeal of the property.
Mowbray is a vibrant suburb located in Cape Town, South Africa. Situated just south of the city centre, the area is known for its diverse community and features a mix of residential and commercial spaces. It is a popular choice, especially among students and young professionals. The presence of lush green spaces, such as the Rondebosch Common, adds to the charm of Mowbray. This area provides opportunities for outdoor activities, including walking, jogging, and picnicking.
To find out more, please make contact.
Property Reference #: RL11476
Agent Details:
Marthinus Kruger
Louw and Coetzee Properties (PTY) Ltd
35 Main Road, Durbanville
Id Subtitle 1224683127
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Estimated monthly repaymentR 28,719
Total property loan amountR 2,650,000
Total interestR 4,242,377
Total repaymentR 6,892,377
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Louw and Coetzee Properties (PTY) Ltd
Selling for 5+ years
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