10 Bedroom House in Observatory

This is a well-situated student accommodation property in the heart of vibrant Observatory, Cape Town. This fully tenanted investment gem features two separate dwellings, each offering 5 student-friendly bedrooms, making it a highly lucrative addition to any portfolio.

Dwelling Breakdown

Dwelling A:

5 Bedrooms

2 En-suite bathrooms

3 Bedrooms share a spacious communal bathroom

Dwelling B:

5 Bedrooms

1 En-suite bathroom

4 Bedrooms share a communal bathroom

Additional separate toilet for convenience

With a total of 10 bedrooms, the property generates a solid R597,600 per annum, and with some modern updates, this figure can be significantly increased.

Investment Highlights

Consistent rental income from a high-demand student accommodation model

Prime location for UCT and nearby institutions

Heritage Grading: 3C, adding character and architectural charm

Potential for capital appreciation through renovation or development subject to heritage approval

Fully walled and secure

Location: Why Observatory

Observatory Obz to the locals is one of Cape Towns most popular and eclectic suburbsbeloved by students, young professionals, and creatives alike. With easy access to places like

University of Cape Town UCT, Public transport Jammie Shuttle, buses, and train station, Trendy cafes, restaurants, and bars, Medical and tech hubs, Groote Schuur Hospital.

The demand for student housing in this area is consistently high, ensuring stable tenancies year-round.

Growth Potential

A modest refurbishment could enhance the rental appeal and command higher rental rates, increasing the annual return. Investors can also explore optimizing the common areas or modernizing kitchens and bathrooms to further elevate the offering.

Get in Touch - Don''t miss this exceptional opportunity to own a high-yielding, heritage-rich student investment property in one of Cape Towns most in-demand rental zones.

Contact us today to arrange a viewing or request further financials and feasibility projections.