Investment Property - Student House for sale
A large 10 Bed Home offers a great return on Investment for the astute investor. A mere 1.6kms from Stellenbosch university main campus, in nearby up and coming Idas Valley. This property presents an excellent opportunity to get into the growing Student property market.
This solid, well taken care of double storey house was recently geared to student housing. There are approved floor plans & council permission to install a swimming pool.
Projected rental income of R540,000 offers a handsome 15% ROI for 2020. Increase your ROI by capitalizing on AirBnB rentals for summer periods during university December holidays.
The 10-Bed house consists of 5 Single Rooms (5 Beds) and 5 Twin Rooms (10 beds). New Communal bathrooms with toilets have been installed both upstairs & downstairs.
New communal kitchen installed & property also has a lovely landscaped garden area, braai section & security gates. The facebrick exterior requires low maintenance and house has original wood floors still in place. House parent staying on site to manage/ maintain property is an added bonus.