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Turnkey income opportunity near university hubs and local amenities: three adjoining guesthouses with 26 rooms (19 en-suite), prepaid utilities and ample open parking — ideal for student housing conversion.
Discover an incredible investment opportunity with these three adjoining properties, currently operating as a guesthouse. Perfectly suited for conversion into student accommodation, these properties offer a combined total of 26 rooms. Of these, 19 rooms are equipped with private bathrooms, while the remaining 6 share communal facilities, providing flexible living arrangements for future tenants.
Each property is equipped with prepaid electricity and water systems, ensuring easy management and cost control. With a bit of tender loving care and a modest investment, you can unlock the full potential of these properties, transforming them into a lucrative income generator.
Don't miss out on this exceptional opportunity to capitalize on the growing demand for student housing. If you see the potential in these properties, reach out today to schedule a viewing and explore the possibilities.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R3,900,000
Price reduced by 0.5% to R3,880,000
Price reduced by 0.3% to R3,870,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 79 listings in Bloemfontein (town)
Insight
Priced above the median for similar properties in the area.
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
Affordability
R 37,990 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
79 similar listings
High similar-home inventory town-wide (Bloemfontein)
Median time on market: 182 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
Wilgehof is a well-established and family-friendly suburb in Bloemfontein, offering a mix of residential comfort and convenient access to essential amenities.
* Distances and amenities are approximate.
