House for sale
Earn steady income in a lively riverside student hub, steps from DUT campus and Golden Horse Casino; includes three income-generating flatlets, veranda with garden, six beds, four baths.
Positioned in one of Scottsville’s most sought-after rental corridors, this exceptional investment property presents a rare opportunity for investors seeking strong rental demand, excellent location advantages, and long-term income potential. Situated literally next door to the DUT Riverside Campus and only 280 metres (approximately a 15-minute walk) from the main entrance, the property is perfectly positioned to attract a consistent stream of student tenants, while also appealing to professionals working nearby, including staff from the Golden Horse Casino and surrounding commercial hubs. With demand for student accommodation in this precinct remaining consistently high, this property offers the ideal foundation for a high-yield rental investment with near-guaranteed occupancy potential.
The residence boasts six generously sized bedrooms and four bathrooms, providing ample accommodation for a large family or an investor looking to maximise rental income through student accommodation or multi-letting. The interior layout has been thoughtfully designed with spacious open-plan living areas that create a seamless flow between the kitchen, dining room, and lounge spaces, promoting both functionality and comfort. Upon entering the property, you are welcomed by a warm entrance hall leading into a cozy lounge area, while the inviting veranda overlooks the yard and garden, offering an ideal recreational or relaxation space for tenants and guests alike.
One of the standout features of this property is the inclusion of three separate flatlets, creating immediate additional rental streams. These units are currently occupied by tenants and collectively generate approximately R13,500 per month (over R160,000 annually), with each flatlet currently rented at R4,500 per month. This existing income already demonstrates the property’s investment strength, while the overall configuration presents the potential to accommodate up to 15 students sharing, translating into an estimated rental income of approximately R60,000 per month based on the 2025 NSFAS Grade-B funding rates, which continue to increase annually.
Property Highlights Include:
Safety, privacy, and accessibility further elevate this property’s appeal. The home is fully fenced with solid concrete perimeter walls, creating a secure environment for both family living and tenant occupation. Its close proximity to transport routes ensures convenient commuting for students and professionals alike. With its generous accommodation capacity, income-generating flatlets, spacious layout, and unbeatable location, this property offers a versatile and rewarding investment opportunity in the heart of Scottsville.
Whether you are looking to establish a thriving student accommodation portfolio, expand your rental investments, or secure a spacious multi-functional property in a high-demand area, this is an opportunity not to be missed. Contact us today to arrange your private viewing appointment and explore the full potential of this exceptional Scottsville investment gem.
Listed for sale at R1,849,990
Price reduced by 2.8% to R1,799,000
Limited comparable data
We found only 4 similar-sized active homes in Pietermaritzburg — not enough for a fair price comparison.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Scottsville is a well-established, leafy suburb in Pietermaritzburg that offers a convenient lifestyle for families and students alike, thanks to its proximity to top-tier schools, the University of KwaZulu-Natal, and essential commercial hubs.
