R1,295,000
R1,295,000
Monthly Bond Repayment R14,034.01
Calculated over 20 years at 11.75% with no deposit.
Change Assumptions
SEVEN BEDROOM STUDENT ACCOMODATION FOR SALE FOR POTENTIAL INVESTORS
Looking for a great investment opportunity? This seven-bedroom house; perfectly converted to a student accommodation is for you. This property offers one communal fully fitted kitchen area on the top floor and another one on the bottom floor and two bathrooms with separate toilets. All rooms have built-in cupboards. The property has been utilized as a student accommodation for a couple of years and is registered on the University of KwaZulu-Natal Student Housing database. With all these seven bedrooms; the house is able to generate about R19 000.00 and more rental income per month. All rooms have built-in cupboards and are all currently occupied by students.
This property is situated within a walking distance to the University of KwaZulu-Natal (Westville Campus); along the public transport route and within a close proximity to all amenities such as Westville and Reservoir Hills shopping malls and health care centres. It also has a quick access to the M19, N2 North and South freeway. There are also many good schools close to the property.
With the income that the property is generating on a monthly basis; it is with doubts that it will pay for itself. The house however requires a little bit of TLC.
Please call the Agent for viewing.
Features
Pets Allowed
Yes
Interior
Bedrooms
7
Bathrooms
2
Kitchens
2
Exterior
Carports / Parkings
1
Sizes
Land Size
1,260m²
Reservoir Hills, Durban
Durban
Durban is the largest city in the South African province of KwaZulu-Natal and the third largest city in the country, forming part of the eThekwini metropolitan municipality. Durban is famous as the busiest port in South Africa and is also a major centre of tourism because of the city's warm subtropical climate and extensive beaches. Voted as one of the top 10 family beach holiday cities in the...
More Info
Get Email Alerts
Sign-up and receive Property Email Alerts of Houses for sale in Reservoir Hills, Durban.
Disclaimer: While every effort will be made to ensure that the information contained within the Dormehl Phalane Property Group website is accurate and up to date, Dormehl Phalane Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
