R3,495,000

10 bedroom house for sale in Idasvallei

House For Sale In Idasvallei

Located close to the university campus (1,6 km), in Idas Valley, the ideal property to accommodate at least 15 students in 10 bedrooms.This property, on 2 levels, offers an excellent return on Investment as a student house. Approved floor plans & council permission to install a swimming pool, are available.

Projected rental income of R480,000 offers a handsome 14,5% return on income for 2020 which can be increased by capitalizing on AirBnB rentals for summer periods during university December holidays. The 10-Bed house consists of 5 Single Rooms (5 Beds) and 5 Twin Rooms (10 beds). New Communal bathrooms with toilets have been installed both upstairs & downstairs. New communal kitchen installed & property also has a lovely landscaped garden area, braai section & security gates.

The face brick exterior requires low maintenance and the interior still boasts its original wood floors, which contributes to the continental feel of the interior.Tandem parking for 3 cars and possibly a few scooters.

Included in the selling price are CCTV cameras, and access to a WiFi network. The elegant and tastefully minimalist furniture and equipment worth R240 000 is also included in the price.

Property Type
House
Bedrooms
10
Bathrooms
3
Stand Size
497m²
Parking
1
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house listed on 15 Jan 2020