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16 Bedroom House For Sale in Summerstrand

R4 495 000

Bedroom icon 16 5 393m2 858m2

16 Bedroom House For Sale in Summerstrand

Student Accommodation Investment Opportunity near University

Bedroom icon 16 5 393m2 858m2

16 Bedroom House For Sale in Summerstrand

Student Accommodation Investment Opportunity near University

R4 495 000

Monthly Bond Payment: R

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  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR
5 Bedroom icon 16 858m2

Features

  • Parking 2
  • Ensuite 2
  • Lounge 2
  • Dining Areas 1
  • Fence
  • Access Gate
  • Alarm
  • Burglar Bars
  • Security Gate
  • Kitchen
  • Electric Fence
  • Built in Braai
  • Entrance Hall
  • Paving
  • Garden
  • Family TV Room

Description

This exceptional student accommodation property, situated close to the university, comprises two fully tenanted houses on a single erf, offering a combined rental income of R65,000 per month.

Minami House

  • 10 individual rooms, each rented at R3,700
  • Monthly Rental Income: R37,000

Kita House

  • Room 1: R3,700
  • Room 2 (shared): 2 rooms at R2,700 each
  • Room 3: R3,700
  • Room 4: R3,600
  • Room 5 (shared): 2 rooms at R3,100 each
  • Room 6 (shared): 2 rooms at R3,100 each
  • Monthly Rental Income: R28,000

Combined Monthly Income for Both Houses: R65,000. 2025 scheduled to increase. The property was also utilized for holiday accommodation over December/January, ensuring income over 12 months. 

This property presents a robust investment opportunity with consistent rental income.

Contact Hagen today for further details or to arrange a viewing. 

Monthly Costs

Calculated over 20 years at % with no deposit.

Bond Payments R
Mun. Rates & Taxes ZAR 3,874

Property Details

Web Ref RXBL-14565
Property Type House
Building Size 393m2
Erf Size 858m2
Bedrooms 16
Bathrooms 5

Contact Agent

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Hagen Junger

Sales Associate

RE/MAX Independent Properties (Lorraine)

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Enquiry about property Ref:RXBL-14565

R4 495 000

Monthly Bond Payment: R

currency bond calculator
  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR

Contact Agent

Agent profile picture

Hagen Junger

Sales Associate

RE/MAX Independent Properties (Lorraine)

MessageCall me back Whatsapp
Book a viewing

Contact Hagen Junger

Agent profile picture

Hagen Junger

Sales Associate


RE/MAX Independent Properties (Lorraine)

Show number

Show number

Enquiry about property Ref:RXBL-14565