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12 Bedroom House For Sale in Hatfield

R4 490 000

Bedroom icon 12 3 2 1276m2

12 Bedroom House For Sale in Hatfield

12 BEDROOM COMMUNE IN HATFIELD

125X PROSPECT STREET

Bedroom icon 12 3 2 1276m2

12 Bedroom House For Sale in Hatfield

125X PROSPECT STREET,

12 BEDROOM COMMUNE IN HATFIELD

R4 490 000

Monthly Bond Payment: R

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3 Bedroom icon 12 2 1276m2

Features

  • Parking 4
  • Ensuite 1
  • Flatlets 1
  • Patio
  • Fence
  • Lapa
  • Built in Braai
  • Garden

Description

This investment opportunity involves acquiring a recently renovated, free-standing 12-bedroom commune located on Prospect Street in Hatfield. The property, set on a substantial land size of 1276 square meters, is specifically catered to students, making it an ideal income-generating asset in a prime location. Can generate between R54 000.00 and R60 000.00 rental income

Key Features

Location:

  • Address: Prospect Street, Hatfield
  • Neighbourhood: Hatfield is renowned for its close proximity to the University of Pretoria, vibrant social scene, and excellent amenities.
  • Accessibility: Excellent access to major roads, public transportation, shopping centres, and dining options.

Property Specifications:

  • Type: Free-standing commune
  • Land Size: 1276 square meters
  • Bedrooms: 12 spacious rooms designed for student accommodation
  • Bathrooms: 3 bathrooms in the main house and 1 in the outside flatlet
  • Kitchens:
    • Main house includes a well-equipped kitchen
    • Additional kitchen in the outside flatlet
  • Common Areas: Shared living spaces conducive to a communal lifestyle
  • Prepaid electricity
  • Back up water

Recent Renovations:

  • Upgrades: The property has been recently renovated, ensuring modern amenities and an attractive living environment for students.

Target Market:

  • Students: Primarily students from the University of Pretoria due to the property's strategic location.
  • Affordability: Communal living arrangements provide cost-effective housing solutions for students.

Potential Revenue:

  • Rental Income: Each of the 12 rooms can be rented out individually, creating a robust and steady stream of income.
  • Occupancy Rate: High demand from the student population ensures a high occupancy rate, optimizing rental yields.

Investment Benefits:

  • Steady Cash Flow: Consistent rental income from student tenants.
  • Capital Appreciation: Real estate in Hatfield has shown a strong appreciation trend.
  • Minimal Vacancy: The proximity to the university ensures minimal vacancy periods.

Future Prospects:

  • Development Potential: The sizable land area offers opportunities for future development or expansion.
  • Sustainable Demand: Growing student population and continuous enrolment increases at the University of Pretoria.

Monthly Costs

Calculated over 20 years at % with no deposit.

Bond Payments R
Mun. Rates & Taxes ZAR 2,500

Property Details

Web Ref RXCU-41625
Property Type House
Erf Size 1276m2
Bedrooms 12
Bathrooms 3
Garage 2

Map

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Tshego Nkoana

Candidate Property Practitioner

RE/MAX Infoglobe (Constantia)

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Duane Shaw

Candidate Property Practitioner

RE/MAX Infoglobe (Constantia)

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Shelby Cammarata

Sales Associate

RE/MAX Infoglobe (Constantia)

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Enquiry about property Ref:RXCU-41625

R4 490 000

Monthly Bond Payment: R

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

Contact Agent

Agent profile picture

Tshego Nkoana

Candidate Property Practitioner

RE/MAX Infoglobe (Constantia)

Agent profile picture

Duane Shaw

Candidate Property Practitioner

RE/MAX Infoglobe (Constantia)

Agent profile picture

Shelby Cammarata

Sales Associate

RE/MAX Infoglobe (Constantia)

MessageCall me back Whatsapp
Book a viewing

Contact Tshego Nkoana

Agent profile picture

Tshego Nkoana

Candidate Property Practitioner


RE/MAX Infoglobe (Constantia)

Show number

Show number

Enquiry about property Ref:RXCU-41625