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29 Mellville Drive, Brandwag, Bloemfontein, Free State
R 2 500 000
This spacious 15-bedroom property is currently operating as successful student accommodation and offers an excellent investment opportunity for buyers looking for immediate rental income. Perfectly positioned in a popular student area, the home is within easy walking distance to the university, nearby shopping complexes, and all essential amenities. Current income exceeds R42k/pm plus there are still rooms that are vacant. If all students are NSFAS students the monthly income can be as much as R60k/pm. The property is well-suited to student living, offering generous bedrooms, shared living spaces, and a practical layout that ensures comfort and convenience for multiple occupants. Its prime location and established use as student housing make it highly attractive and consistently in demand. Whether you’re an investor seeking a high-yield rental property or looking to continue operating it as student accommodation, this home presents exceptional value in a sought-after area. Call today to view!
Estimated monthly repayment
R 23 608
on a R 2 250 000 bond over 20 years at 11.25%
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29 Mellville Drive, Brandwag, Bloemfontein, Free State
Area view — the exact address is shared on enquiry.
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