Effortless student living and steady returns in Scottsville, steps from UKZN campus. Expansive backyard offers major development potential for added rental income.
A rare opportunity in the heart of Pietermaritzburg’s most sought-after student corridor. This freehold property is literally next door to the UKZN Pietermaritzburg Main Campus, only 200 metres from the Science Department, giving any investor guaranteed, long-term demand and virtually permanent 100% occupancy.
The property offers 5 spacious bedrooms, 3 bathrooms (with shower, bathtub and a separate toilet), making it ideal for shared student accommodation. All bedrooms are generously sized, with the potential to subdivide or convert additional spaces to increase capacity. The interior is immaculately maintained, neat, and inviting, with wooden flooring, a welcoming reception room (which can be turned into another bedroom), and an open-plan lounge and dining area.
The modern kitchen is a standout feature — spacious, open-plan, and equipped with a gas stove, pantry, and scullery, perfect for student living. The home also includes a fully self-contained flatlet with its own kitchen, lounge, and spacious bedroom that can comfortably house two sharing students. Above the flatlet is an attic room which can be used as a store room or converted into a single unit for additional rental income.
Beyond the main buildings, the property offers expansive backyard space, creating huge development potential. Investors can erect outside rooms, additional cottages, or even a small block of flats to dramatically increase student capacity. In its current layout, the property can comfortably house 12+ students, translating to ±R45,000 per month in rental income based on the 2025 NSFAS rates — with room to scale far beyond that.
Parking is ample, supporting 5 vehicles inside the front driveway plus an enclosed garage/ carport (and can also be converted into additional rooms). Security features include steel burglar guards throughout and an automated electric gate, ensuring peace of mind for both owner and tenants.
With student accommodation demand far outpacing supply in Scottsville, and its strategic location almost on the doorstep of UKZN, this property is an exceptional investment and one of the closest opportunities to campus you will ever find.
A move-in-ready, income-producing asset with scalable potential — a must-see for serious investors.
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Listed for sale at R2,449,999
Price reduced by 2.0% to R2,400,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 83 listings in Pietermaritzburg (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 23,559 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
83 similar listings
High similar-home inventory town-wide (Pietermaritzburg)
Median time on market: 85 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
Scottsville is a well-established and conveniently located suburb in Pietermaritzburg, offering a mix of residential comfort and accessibility to essential amenities, making it ideal for families and professionals alike.
* Distances and amenities are approximate.