Prime High-Yield Student Accommodation Opportunity – Walking Distance to DUT & Golden Horse
This well-positioned freehold property presents an exceptional investment opportunity for astute buyers seeking secure, high-demand student accommodation or staff housing in Pietermaritzburg. Located just 550 metres (a short walk) from the DUT Scottsville / Riverside Campus, the property enjoys an unbeatable position within a consistently strong rental node. Its proximity also makes it highly attractive to employees of the Golden Horse Casino and surrounding commercial precinct, ensuring year-round demand and near-guaranteed occupancy.
Set on a generous erf and thoughtfully configured, the property already offers strong income potential, with scope for further optimisation. Whether you are expanding an existing student portfolio or entering the market with a solid, well-located asset, this property ticks all the right boxes.
Key Investment Highlights & Features:
·Prime location: ±550 metres from DUT Scottsville / Riverside Campus
·High-demand rental node: Ideal for DUT students and Golden Horse Casino staff
·Strong income potential:
·Accommodates ±15 students sharing
·Estimated rental income of ±R60,000 per month based on 2025 NSFAS Grade-B rates (with annual escalations)
·Main dwelling with well-proportioned rooms suitable for student configuration
·Separate 2-bedroom flatlet featuring:
·Private kitchen
·Full bathroom
·Ideal for additional rental income, senior students, or staff accommodation
·Dual spacious garages, offering excellent potential for conversion into additional rental rooms (subject to approvals)
·Swimming pool, enhancing lifestyle appeal and competitiveness within the student market
·Automated main gate for convenience and security
·Aluminium windows throughout
·Steel burglar guards on all openings
·Secure, well-maintained property with strong curb appeal
·Ample yard space allowing for future reconfiguration or expansion (subject to zoning and approvals)
Why This Investment Works:
·Walking distance to campus significantly reduces vacancy risk
·Consistent demand from both students and working professionals
·Flexible layout allows for optimisation and value-add strategies
·NSFAS-linked income provides predictable, inflation-hedged returns
·Excellent balance between immediate cash flow and future upside
·This is a rare opportunity to secure a strategically located, income-producing property in one of Pietermaritzburg’s most reliable rental corridors. Properties this close to campus with such versatility and growth potential are increasingly scarce.
Don’t miss out.
Book your private viewing today and let us guide you through unlocking the full income potential of this outstanding investment.
