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Scottsville, Scottsville, Pietermaritzburg, KwaZulu-Natal
R 3 800 000
This lucrative property features 15 fully furnished bedrooms, currently housing 21 students, with top-quality finishes and all appliances included. Generating R75,000 – R80,000 monthly with 100% occupancy, it’s NSFAS-accredited and impeccably maintained on a spacious 1241 sqm erf. Enjoy a beautiful garden, relaxing patio, air-conditioning, and a separate flatlet for additional income. Security is excellent, with burglar bars and a gated entrance. Modern comforts include an inverter with 18 solar panels and backup battery, air conditioning and ceiling fans to keep cool in warm KwaZulu Natal days, plus multiple vehicle parking and secure burglar bars. The home is finished with thoughtful touches like blinds, a fireplace and tasteful finishes that enhance everyday living. Whether you’re looking to continue as a thriving student accommodation business or convert it...
Estimated monthly repayment
R 35 885
on a R 3 420 000 bond over 20 years at 11.25%
Estimate only — actual rates depend on your credit profile + bank approval. Consult a bond originator for a formal quote.
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Scottsville, Scottsville, Pietermaritzburg, KwaZulu-Natal
Area view — the exact address is shared on enquiry.
