House for sale
Vibrant student hub just 1.3 km from UFS, set on a large erf with lapa entertainment area and 2,200L water tank; approx 25 lettable rooms and ample parking.
Exceptional Student Accommodation Investment – Prime Location Near UOFS
This outstanding high-yield investment opportunity is ideally located just 1.3 km from the University of the Free State, making it perfectly suited for student accommodation. With an estimated rental income of approximately R107 800 per month, this property offers impressive returns and strong future growth potential.
Set on a single erf, the property features two separate houses, allowing for phased development or multiple income streams.
The main double-storey home offers 9 bedrooms, 3 bathrooms, a spacious living area, and a well-sized kitchen with a separate scullery. While the structure is solid, some renovation is required, creating an excellent opportunity to add value and maximize returns. In addition, there are 3 bachelor units, each fitted with a bathroom and kitchenette.
The second house is partially completed, with approved plans for up to 13 bedrooms and a kitchen. Currently, 9 rooms have already been built, and the remaining construction can be completed to unlock the full potential of the property. Once finalized, the property will offer a total of approximately 25 rooms.
Additional features include a 2,200-litre water tank, a lapa/entertainment area, and ample on-site parking.
Situated in a high-demand student area close to UOFS, this is a rare opportunity to secure a large-scale income-generating property with excellent upside for investors and developers alike.
Listed for sale at R3,700,000
How does this home’s price compare with similar properties?
Price comparison based on 11 similar-sized 5+ bed homes.
Insight
Priced 48% above the local median - and above the typical range across Bloemfontein.
Compared with 11 similar active listings across Bloemfontein.
It costs more per m² than similar homes - buyers should compare condition, position, views, finishes and floor size before deciding. 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 R2.5M typical in Universitas (small sample of 3).
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Universitas is a peaceful, well-established residential suburb in Bloemfontein known for its proximity to the University of the Free State and its convenient access to essential amenities and major transport routes.
