8 Bedroom House in Musgrave

Income-Generating Investment with Student Accommodation Potential in Essenwood. Ideally positioned in the heart of sought-after Essenwood, this income-generating property presents an excellent investment opportunity with versatile accommodation options.

The main home comprises seven spacious bedrooms and five bathrooms, with three bedrooms featuring en-suite bathrooms. Upstairs, four bedrooms are complemented by two full en-suite bathrooms and a shared bathroom, while the lower level offers a further three bedrooms, including one en-suite, together with a communal bathroom.

All the bedrooms are generously proportioned and fitted with built-in cupboards, providing comfortable accommodation and practical storage.

The property also includes two additional rooms in the outbuilding, further enhancing its income-generating potential and versatility. It is well suited to student accommodation, office use or even a call-centre setup, subject to the necessary approvals.

Currently accommodating 22 students, the property generates an income of R65,000, offering an established rental stream for an investor.

A swimming pool and entertainment area provide valuable additional space, while a single lock-up garage completes the offering.

Conveniently located close to a range of amenities, this property offers an appealing combination of income potential, space and location.

Contact me today to arrange a viewing.