6 Bedroom house for sale in Scottsville, Pietermaritzburg

Income-Generating Student Accommodation with Investment Potential

Already operating as student accommodation, this property offers an opportunity for investors looking to enter the student rental market or expand an existing portfolio. The property currently generates rental income, giving a new owner the benefit of an established income stream.

The main house offers 6 bedrooms, with a combination of single and shared rooms, built-in cupboards and 2 shower bathrooms. There are also additional rooms in the back outbuilding, which includes 2 bedrooms, showers, a lounge and shared kitchens. The front outbuilding provides a TV room and an additional bedroom with an en-suite shower.

Current rental rates are:

• R2,500 per student for 2 sharing
• R2,300 per student for 3 sharing
• R3,000 for a single occupant

The property also presents an exciting opportunity for buyers looking for a fixer-upper. While it requires some work, there is plenty of potential to improve, modernise and maximise both the property and its rental income.

Located in Scottsville, the property is well positioned for student living, with easy access to the University of KwaZulu-Natal Pietermaritzburg campus, shops, restaurants, public transport and other everyday amenities.

A property with an existing student accommodation setup, income already being generated and room to add value. Ideal for an investor who sees the potential and is ready to take it further.