4 Bedroom House in Heidelberg Central

This spacious property is situated near Heidelberg CBD, and is in close proximity to external amenities, which include institutions of learning and shopping centers. The property is on a large stand erf with substantial parking space. This property offers a combination of residential accommodation, additional living space and potential for student accommodation.

For Residential Use:

The property is suitable for a family looking for a spacious home. The property provides three bedrooms, two bathrooms, three spacious living rooms, study room and kitchen. Adjacent to the main house, the property has a separate braai room, double garage with adjacent 4-cars carport, and cottage. The cottage also provides additional accommodation for family members or the possibility of rental income.

For a Purchaser considering an Investment Property:

Considering the propertys close proximity to Sedibeng TVET College, it has the potential to convert the existing structures for student accommodation. The current structures can accommodate approximately 16 student beds with minor alterations. There is also potential to increase the accommodation to approximately 23 beds through further alterations. Any conversion or expansion would be subject to the required municipality building approvals.

Illustrative Student Accommodation Income:

For purchasers considering student accommodation, which will be NSFAS accredited, the following is the estimated monthly income for 16 student beds:

-Bed Rate R3,850.00

-Rental income R61,600 for 16 beds

The above produce the annual Rental income of R739,200.00, Operating expenses at 40 of R295,680.00 and Indicative net operating income of R443,520.00.

These figures are estimates for purposes of illustrating the potential income from a student accommodation conversion. Actual income and expenses will depend on the final number of approved beds, rental rates, occupancy, utilities, maintenance, management and other operating costs. Advisory services can be provided for potential conversion to student accommodation.