17 Bedroom House for sale in Umbilo

Income Generating investment In the heart of Umbilo close to UKZN This huge property in Umbilo is ideally positioned just a few minutes away from UKZN, making it an excellent opportunity for student accommodation. The property currently consists of 17 partitioned bedrooms, providing substantial accommodation capacity in a highly sought-after location for students. With each student contributing approximately R6,000 per month, the property currently generates an estimated monthly income of between R102,000 and R144,000, depending on occupancy. Two of the rooms accommodate four and five students respectively, further increasing the property's earning potential and making it a highly attractive income-generating investment. The combination of its prime location, strong rental demand, substantial monthly returns, and relatively easy maintenance makes this a very lucrative investment opportunity. With its proximity to UKZN and the established student accommodation model already in place, the property offers both immediate income and significant potential for future growth. CHRIS AND LISA PEARSON PROPERTIES (PTY) LTD trading as RE/MAX Address (Berea) operates in terms of a franchise agreement with RE/MAX of Southern Africa.