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Vibrant student lifestyle opposite Russel Road College — fully furnished communal accommodation with dedicated study spaces and high rental yield, ready for a hands-on owner to unlock its potential.
Student accommodation across from Russel Road College
Currently vacant and not being run at its full potential - new hands-on owner needed!
THE PROPERTY CONSISTS OF THE FOLLOWING:
FULLY FURNISHED
10 Rooms
2 communal bathrooms consisting of 2 showers & 2 toilets downstairs, 2 showers & 2 toilets upstairs
Projected Income/expenses on 20 Beds:
Monthly Rental Income: R80 000
Monthly Expenses: R28 755
Monthly Net Income: R51 245
Annual Net Income: R512 450
Cap Rate 21.35% (Return on investment on a cash purchase)
“The information provided is believed to be true and correct but does not form part of any agreement”
Listed for sale at R2,400,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 201 listings in Gqeberha (town)
Insight
Priced above the median for similar properties in the area. On a price-per-m² basis, it is 24% below the median. Floor size is 322% larger than typical for similar homes.
Benchmark uses town-level data where suburb sample size is limited. Premium areas may trade above town averages - check with the agent for local guidance.
Similar properties pricing
Key differences
Affordability
R 23,559 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
201 similar listings
High similar-home inventory town-wide (Gqeberha)
Median time on market: 88 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Gqeberha Central offers a vibrant urban lifestyle with historical charm, convenient access to amenities, and stunning coastal views, making it ideal for those seeking a dynamic and well-connected living environment.
* Distances and amenities are approximate.
