5 Bedroom House for sale in Scottsville

Prime Scottsville Student Accommodation Investment | Expansion Potential to ±20 Students | 400m to UKZN Positioned in one of Pietermaritzburg’s most sought-after student accommodation zones, this exceptional property offers a rare opportunity to secure a high-growth investment asset just 400 metres from the University of KwaZulu-Natal (College of Agriculture, Engineering & Science). Its unbeatable proximity to campus ensures consistent demand and near-guaranteed occupancy, making it an ideal acquisition for investors looking to enter or expand within the thriving student housing market. Set on a generous ±1,700m² of flat, usable land, the property provides not only a comfortable and functional current layout but also significant redevelopment and expansion potential. Currently tenanted by 5 postgraduate students, the property generates an immediate rental income of approximately R16,000 per month, offering a stable starting point for further value creation. The existing layout includes four spacious bedrooms, a study room, lounge/TV area, reception room, and dining space, all of which can be reconfigured or partitioned to increase occupancy. In addition, a triple garage presents a prime opportunity for conversion into a multi-bedroom flatlet, further unlocking the property’s income-generating capacity. With strategic upgrades and reconfiguration, the property has the potential to accommodate up to ±20 students, translating into an estimated ±R72,000 per month based on 2025 NSFAS (Grade B) rates — making this a high-yield, scalable investment. Beyond its financial appeal, the property offers a welcoming and comfortable environment, featuring a sparkling swimming pool, a lush green garden, and a large open yard ideal for recreation and student lifestyle needs. Modern conveniences such as fibre internet connectivity, a gas stove (reducing electricity costs), ceiling fans in all bedrooms, and an air-conditioned lounge further enhance tenant appeal and operational efficiency. Importantly, the property is fully paid off (no bond) and comes with a full title deed, ensuring a smooth and secure transaction for the incoming investor. Key Property Highlights Location & Demand ·±400 metres to University of KwaZulu-Natal (College of Agriculture, Engineering & Science) ·Situated in a high-demand student accommodation node (Scottsville) ·Proven strong rental demand and occupancy potential ·Close to transport routes and essential amenities Property Overview ·±1,700m² flat, usable land ·Fully paid property with clear title deed (no bond) ·Well-maintained and move-in ready ·Ideal for student accommodation conversion or expansion Current Configuration ·5 spacious bedrooms ·Dedicated study room ·Lounge / TV / recreational area ·Reception room and dining area ·Functional layout with multiple reconfiguration options ·Currently housing 4 postgraduate students ·Current rental income: ±R16,000 per month Expansion & Investment Potential ·Potential to accommodate ±20 students ·Estimated rental income: ±R72,000 per month (2025 NSFAS Grade B) ·Triple garage can be converted into a 3-bedroom flatlet ·Internal spaces can be partitioned to increase capacity ·Large yard allows for further development or additional units ·Strong ROI potential in a booming student market Lifestyle & Outdoor Features ·Sparkling swimming pool ·Beautiful green garden ·Expansive yard ideal for student recreation or future development ·Peaceful and functional living environment Features & Utilities ·Fibre internet installed (high-speed connectivity) ·Gas stove (cost-saving on electricity) ·Ceiling fans in all bedrooms ·Air conditioning in lounge/TV area ·Practical and tenant-friendly setup ·2000L Jojo tank for backup water supply Investment Summary ·Immediate rental income + massive upside potential ·Strategic location ensures long-term occupancy stability ·Flexible layout supports scalable student accommodation model ·Ideal for both new and seasoned property investors With its prime location, large land size, existing income, and exceptional expansion potential, this property stands out as a true Scottsville investment gem. Opportunities of this nature — combining location, scale, and income growth — are increasingly rare. Secure This High-Growth Opportunity. Contact us today to arrange your private viewing and unlock the full potential of this high-yield investment property.

Scottsville, Scottsville, Pietermaritzburg, KwaZulu-Natal