6 Bedroom House in Eike Park

Student Accommodation Investment | 20 Students | - R 54 000 Potential Income

R 1 550 000 | Potential Income Of - R 54 000 Per Month

Investors, this is an opportunity to acquire a property with established student accommodation income and significant potential for further growth.

Located in Eike Park, Randfontein, approximately 500 metres from Westcol College, the property is ideally positioned to cater for the strong demand for student accommodation.

Currently Accommodating Students:

The property is already being utilised for student accommodation, with the current owner privately accommodating 10 students.

For an investor, the opportunity becomes even more attractive because there is no requirement to live on the property. The main house and the additional accommodation can both be utilised for student accommodation.

The property has the potential to accommodate up to 20 students, with additional space available to build more rooms, subject to the required approvals.

Potential Income Of - R 54 000 Per Month

At a potential rate of R2,700 per student:

20 students R 2700 R 54 000 per month

Potential gross annual income: R 648 000

The property therefore offers an investor the opportunity to acquire an asset with strong rental-income potential and room to grow the income further.

Nsfas Student Accommodation Potential:

The location close to Westcol makes this an attractive opportunity for an investor targeting NSFAS-supported student accommodation.

The current owner already has students in occupation privately, while an investor can explore the process of registering the accommodation to accommodate qualifying students under the applicable NSFAS accommodation requirements.

More Than Just Student Accommodation:

The property also includes a separate outside flat, which is ideally suited to be used as caretakermanager accommodation.

This means an investor can potentially have a caretaker living on-site while both the main house and existing student accommodation are dedicated to generating rental income.

Room To Expand:

One of the biggest advantages is the available space to build additional student rooms.

As student accommodation demand continues to grow around educational institutions, the property provides an opportunity to potentially increase both student capacity and monthly income, subject to zoning, building plans and municipal approvals.

The surrounding area is already seeing properties being converted and utilised for student accommodation, making this a location worth investigating for an investor looking to enter this market.

The Investment In Numbers:

Purchase price: R 1 550 000

Potential students: 20

Potential rental: R 2 700 per student

Potential gross monthly income: - R 54 000

Potential gross annual income: - R 648 000

Distance to Westcol: - 500m

Expansion: Additional rooms possible

Caretaker: Separate outside flat

This isnt simply a house for sale - its an opportunity to acquire a potential student accommodation income-producing property in close proximity to Westcol, with existing student occupation and the potential to expand.

Investors looking for an affordable property with strong income potential and future development opportunities should not miss this one.

Contact me today to arrange a viewing and discuss the investment potential.

E & O E