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Scottsville, Scottsville, Pietermaritzburg, KwaZulu-Natal
R 1 450 000
This unique property presents an exceptional opportunity for buyers seeking large land size with strong future development potential. Offering an expansive stand, the property is ideally suited for redevelopment, expansion, or conversion into a high-yield investment. The home requires a bit of tender love and care, however, the previous owner has already begun touch-up improvements, providing a solid starting point for further enhancement and value creation. Perfectly positioned for student accommodation, the property is within walking distance of the University of KwaZulu-Natal and conveniently aligned with the main route serving the Durban University of Technology, making it highly attractive to the student rental market. An added feature is the existing swimming pool, which can be revived and upgraded to become a valuable lifestyle asset, enhancing long-term appeal and rental demand. With its prime location, generous land size, and strong development potential, this property represents a rare opportunity to create a high-return investment in a consistently in-demand area.
Estimated monthly repayment
R 13 693
on a R 1 305 000 bond over 20 years at 11.25%
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Scottsville, Scottsville, Pietermaritzburg, KwaZulu-Natal
Listed by
Jan Govender
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