Turnkey, income-focused student residence steps from universities and the train station — fully furnished, granite kitchen, solar geyser, secure complex with pools; two bedrooms, one bath.
Fully Furnished Multi-Let Student Digs | Turnkey Operation | +- R6,000 Positive Cash Flow Potential
This 2-bedroom apartment is fully equipped to accommodate 4 students (4 beds, 4 desks, and basic furniture included).
The figures:
·Currently rented at R10,000 p.m. (2 beds rented, 2 still available).
·If the other 2 beds are filled, rent could increase to +- R18,000.
·As is: gross yield +- 12.24%, net +- 9.5% (excludes appreciation & bond principal repayments, this is only rental yield).
·Add 2 students and your yield jumps — gross +- 22%, net +- 19.34%.
The apartment features granite countertops and a solar geyser. The block offers 24/7 on-site security, 2 pools, family areas, biometric access, electrified perimeter, and CCTV monitoring. Points of interest: Shuttle service to universities, walking distance to the train station, and a new shopping centre and hospital under development within 4 km.
Notes on the deal:
·All basic furniture included
·Students are under sponsorship (rent paid every 3 months)
·No deposit; landlord covers electricity (factored into net yield)
·Can be rented normally for R10,000 – R12,000 if student model not preferred
Listed for sale at R980,000
Price reduced by 2.6% to R955,000
Compared with 26 active listings in Stellenbosch.
Insight
Priced 40% below the local median — but still inside the typical range for Stellenbosch.
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.
Similar properties pricing
Market depth
26 listings
Similar homes town-wide
107 days
Median time on market
Medium inventory
Active across Stellenbosch
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Aan De Wijnlanden offers a tranquil, secure lifestyle set against the scenic backdrop of the Stellenbosch winelands, perfect for families and professionals seeking a balance between country living and modern convenience.
