15 Bedroom House in Scottsville

A rare and exceptionally high-performing investment opportunity presents itself at this fully operational Grade-A student accommodation residence, situated just 400 metres from the UKZN Pietermaritzburg Main Campus in Scottsville. Its unmatched location a literal walk to both UKZN Main Campus and Varsity College has secured 100 occupancy for over five years, making it a long-term, future-proof asset in the most sought-after student corridor in Pietermaritzburg. Already configured for high-yield student living and accommodating 21 students, the property offers enormous scalability, robust infrastructure, and top-tier tenant demand year after year. With 12 months remaining on its NSFAS Grade-A accreditation within a 36-month contract cycle, the new owner is assured continuity and the ability to renew grading effortlessly.

FEATURE HIGHLIGHTS

Prime Location & Long-Term Demand

Only 400 metres from UKZN Main Campus Golf Road Entrance

Walking distance to UKZN Main Campus & Varsity College

5 years of uninterrupted 100 occupancy

Located in the strongest student rental belt in Scottsville

Student Accommodation Infrastructure

15 spacious bedrooms inside the main dwelling

7 ensuite bedrooms for premium, high-demand student placements

9 bathrooms mix of showers, tubs, and one separate toilet

Large lounge, dining area, and open-plan kitchens

Multiple study rooms, pantries, utility rooms, and a scullery

Clean, modern finishes designed for durability and easy maintenance

Additional Income-Generating Flatlet

Fully equipped 5-bedroom flatlet, all ensuite

Shared communal kitchen

Ideal for senior students or premium NSFAS placements

Currently contributing significantly to monthly rental income

Turnkey Fully Furnished Offering

Includes beds, desks, study chairs, cupboards

Fully fitted kitchens & appliances

Ready-to-operate from day one with zero setup costs

Security & Operational Enhancements

Live-in helper full-time night security guard

Security staff housed in a neat Wendy house accommodation

Full CCTV surveillance system

Burglar bars throughout the property

Aluminium windows & automated main gate

Utilities & Added Value

2,400L JoJo water tank for backup water supply

Prepaid electricity controlled consumption & low risk

Low maintenance building finishes

Ample communal space and multiple functional areas

Financial Performance

Currently generating R75,000 R80,000 per month

Based on NSFAS Grade-A 2025 rates, with annual increases

12 months remaining on the current NSFAS 36-month accreditation cycle

Strong history of rental stability & high yield returns

This is one of Scottsvilles most powerful income-generating student accommodation assets already accredited, already furnished, already fully occupied, and positioned literally a few steps from the UKZN campus. With demand guaranteed and systems already in place, the buyer simply takes over a thriving operation with exceptional future scalability.

Opportunities like this are exceedingly rare.

Book your private viewing today and secure a high-yield property that delivers unmatched stability, profitability and long-term investment strength.