A rare opportunity to secure a strategically located income-generating property in the heart of Scottsville — just 750 metres (±3 minutes) from the University of KwaZulu-Natal Pietermaritzburg Main Campus (Golf Road entrance). With student housing demand at an all-time high and this property positioned virtually next door to the Department of Science, the investment offers guaranteed long-term occupancy and exceptional monthly returns.
Set on a generous 1,000 sqm erf, this well-maintained home combines versatility, space, and strong financial upside. The main house features 5 spacious bedrooms (MES and walk-in closet) , 3 bathrooms (including a shower, bathtub, and a separate toilet), and generous living spaces, including a spacious lounge, dining room, and additional rooms that can be converted into student accommodation (recreational room). The solid wooden flooring and neat interior finishes offer a clean, warm, and inviting environment—ideal for student living or further reconfiguration.
The property enhances investment value with a large 3-room flatlet, complete with a full bathroom, an outside toilet, and a functional kitchenette—perfect for accommodating multiple students or generating an independent rental stream. One of the original two garages has already been converted into a livable room with sliding glass doors, offering potential for further subdivision into two additional student beds. The layout of the property provides an effortless opportunity to expand and maximise the NSFAS-aligned rental model.
Additional lifestyle features include a patio/braai area overlooking a swimming pool, ideal for student recreation or enhancement into a communal entertainment space. Security features include palisade fencing, dual access gates, burglar guards, and secure off-street parking for 10 vehicles plus an enclosed tandem garage that parks 2 cars. The layout is practical, safe, and designed for both residential enjoyment and student investment scaling.
With flexible room conversions and already-established flatlet accommodation, the property offers the ability to comfortably house 15+ sharing students, generating ±R50,000 per month based on 2025 NSFAS mid-range rates — with annual increases expected. This makes the property an exceptional long-term investment for seasoned investors or new entrants in the student accommodation space.
Whether you`re looking to build a reliable rental portfolio, expand into the booming UKZN student market, or redevelop for maximum yield, this property presents an unmatched opportunity in one of Pietermaritzburg’s most active and sought-after student zones.
Secure this high-yield investment today — opportunities of this calibre in Scottsville are rare and move quickly.
