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21 Turners Avenue, Bulwer, Durban, KwaZulu-Natal
R 9 500 000
Exclusive Investment Opportunity: Premier Student Accommodation in Bulwer 50 beds, each room with a kitchen, a bathroom, and a desk space Investing in student accommodation has never been more lucrative, and this well-maintained property in Bulwer presents an incredible opportunity for high returns. The property boasts 26 rooms, with 24 double rooms and 2 single rooms, designed to comfortably house 50 students in total. Each room is self-contained, offering a private bathroom with a shower, toilet, and basin, as well as a kitchen equipped with a granite counter top, fridge, microwave, stove and ample built-in cupboard and desk space. The inclusion of high-quality finishes, such as tiled floors and aluminum windows, makes this property an attractive, low-maintenance asset that will appeal to students looking for comfort and convenience. In addition to the well-designed rooms, the property features several communal spaces that enhance student living. A spacious study room is perfect for students needing a quiet, productive environment, while the cozy TV lounge provides a space for relaxation. The on-site laundry area, complete with a washing machine, adds further convenience, reducing the need for students to leave the premises. Security is top-tier, with a permanent security guard hut at the entrance, surveillance cameras throughout, and a fully enclosed boundary wall ensuring peace of mind for both students and property owners. The clothes drying area is a thoughtful addition, maximizing space and adding to the property's practical appeal. With an NSFAS Grading of A, this property is set to generate substantial income, with each student contributing approximately R4,600 per month. This translates to an impressive potential monthly rental income. Located in the heart of Bulwer, close to universities and colleges, this accommodation is in high demand, ensuring maximum occupancy and a steady cash flow. The property's solid reputation, combined with its modern amenities and top-notch security, makes it a must-have for any investor seeking a safe and profitable long-term investment. Don't miss out on the chance to secure this prime student accommodation – call now to schedule your private viewing!
Estimated monthly repayment
R 89 711
on a R 8 550 000 bond over 20 years at 11.25%
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21 Turners Avenue, Bulwer, Durban, KwaZulu-Natal
Fair-value check
Priced highPriced 443% above comparable 3-bed houses for sale in Bulwer
Based on 11 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Nomvula Modise
Unclaimed listing — claim it to verify
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