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38 New England Road, Scottsville, Pietermaritzburg, KwaZulu-Natal
R 2 400 000
EXCEPTIONAL 5-BEDROOM PROPERTY WITH INCOME POTENTIAL SCOTTSVILLEMain Road Location | Corner Plot | Investment OpportunityThis extraordinary 5-bedroom property is ideally situated in the heart of Scottsville, positioned on a bustling main road and occupying a prominent corner plot. Offering generous space, privacy and excellent income potential, this property presents a fantastic opportunity for investors, business owners or families looking for a versatile property in a prime location.Main Property FeaturesThe main residence comprises:5 spacious bedrooms3 bathroomsComfortable loungeSeparate dining areaWell-appointed kitchenSpacious living areasFully fenced and gatedHigh walls offering privacy, security and peace of mindAdditional Income PotentialAdding significant value to this property is 4 additional cottages, currently generating rental income.The property is presently let to corporate tenants and professionals, demonstrating its suitability as an income-generating investment.The property''s location is one of its strongest features. Situated directly opposite a casino and just minutes away from universities and Varsity, it is ideally positioned to take advantage of the strong demand for accommodation in the area.With its size, location and existing accommodation potential, the property could be ideally suited for:Guesthouse B&BStudent accommodationCorporate accommodationProfessional accommodationInvestment propertyLarge family residenceAn Investment Full of PotentialThe combination of a prime main-road position, corner plot, existing rental income, multiple accommodation units and proximity to major amenities and educational institutions makes this property an exciting investment opportunity.High perimeter walls and secure gates provide a sense of privacy, security and seclusion, while the prominent location offers excellent visibility and accessibility.This property truly screams potential and is ready for an investor with vision to unlock its full value.Contact us today to arrange a private viewing and explore the possibilities this exceptional Scottsville property has to offer. Show more Show less
Estimated monthly repayment
R 22 664
on a R 2 160 000 bond over 20 years at 11.25%
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38 New England Road, Scottsville, Pietermaritzburg, KwaZulu-Natal
DR GRAHAM LINDEGGER
216 Woodhouse Road, Scottsville, Pietermaritzburg, KwaZulu-Natal
Intercare
15 Woodhouse Rd, Pietermaritzburg, KwaZulu-Natal
Richmond TB Hospital
1 Durban St, Richmond, Richmond, Kwazulu-Natal
Mediclinic Pietermaritzburg
Medi Clinic
90 Payn Street, Pietermaritzburg, KwaZulu-Natal
Fair-value check
Good valuePriced 13% below comparable 5-bed houses for sale in Scottsville
Based on 10 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Noluthando Du Plessis
Unclaimed listing — claim it to verify
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