Apartment for sale
Student-focused lifestyle bordering UJ sports fields, steps from Auckland Park and Melville. Three-bedroom apartment with existing R9,000/month rental income and one bathroom.
If you are looking for a property investment with an established rental income and a location that naturally lends itself to student accommodation this one deserves your attention.
This three-bedroom apartment sits directly bordering the University of Johannesburg`s sports fields and is ideally positioned close to the UJ campus — putting it right in the heart of one of Johannesburg`s most established student accommodation areas.
For students, proximity matters. Being close to campus means less commuting, less transport expense and more time for what matters — lectures, studying, sport and student life. And with UJ`s extensive student population and substantial demand for privately owned student accommodation around its campuses, the location creates a particularly compelling rental proposition.
Even better — this isn`t a theoretical investment.
The apartment is already generating R9,000 per month in rental income, giving the incoming owner an immediate income-producing asset rather than having to start from scratch looking for a tenant.
The three-bedroom configuration is particularly attractive for the student market, offering the potential to accommodate multiple students while benefiting from the convenience of communal facilities and an established residential complex.
And then there is the lifestyle appeal: UJ sports fields literally on your doorstep, the university campus nearby, the areas vibrant student environment and easy access to the surrounding Auckland Park, Melville and Johannesburg areas.
Listed for sale at R680,000
How does this home’s price compare with similar properties?
Price comparison based on 7 similar-sized 3-bed homes.
Insight
Priced 5% above the local median - but still inside the typical range across Johannesburg.
Compared with 7 similar active listings across Johannesburg.
It's smaller than typical, which helps explain where it sits in the range. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages - check with the agent for local guidance.
Around R980k typical in Melville (small sample of 4).
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Melville is a vibrant, bohemian suburb known for its historic charm, eclectic nightlife, and close proximity to major universities, making it a popular choice for academics, artists, and young professionals.
