House for sale
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.
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
Similar properties pricing
Insight
Priced 40% above the local median - at the upper edge of the typical range across Bloemfontein.
Compared with 54 5+ bed homes (58 listings) across Bloemfontein.
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.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Wilgehof is a well-established, centrally located residential suburb in Bloemfontein that offers residents a quiet, family-friendly atmosphere with convenient access to major schools, medical facilities, and the city's primary business hubs.
