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37 1st Avenue, Westdene, Johannesburg, Gauteng
R 1 150 000
Discover an exceptional investment opportunity in the vibrant suburb of Westdene. This property is ideally positioned for student accommodation or young professionals, offering a strategic location close to educational institutions and amenities, making it highly attractive to the student market and those entering the work place. The interior spaces are thoughtfully designed for modern communal living, featuring open-plan studio-style units that efficiently combine sleeping and lounge areas. Each unit benefits from good natural light and a neutral colour palette, providing a versatile canvas for residents. Integrated shower facilities within these units offer convenience, reflecting a contemporary approach to compact living. While the multi-functional layout is practical, some areas show signs of wear, including visible water stains and exposed wiring, indicating potential for refurbishment to enhance appeal. The accommodation comprises a total of 7 bedrooms and 5 bathrooms, catering to multiple occupants. A single communal kitchen serves the residents, fostering a shared living experience, complemented by a dedicated lounge area for relaxation and social interaction. Ample parking is available with 6 open parking bays, a significant advantage in a busy urban environment. Outdoor features include a garden area, providing a green space for residents. Security is enhanced with electric fencing, contributing to a safer living environment for students. This property presents a compelling proposition for investors seeking to capitalise on the robust student and multilet housing demand in Johannesburg. Its layout and features are tailored to provide functional and comfortable living spaces, ensuring a steady rental income stream. Key Features: * 7 Bedrooms, 5 Bathrooms * 1 Communal Kitchen * 1 Lounge Area * 6 Open Parking Bays * Garden * Electric Fencing * Ideal Student Accommodation * Located in Westdene, Johannesburg XTLS INVESTMENTS 90 (PTY) LTD trading as RE/MAX Masters (Bryanston) operates in terms of a franchise agreement with RE/MAX of Southern Africa.
Estimated monthly repayment
R 10 860
on a R 1 035 000 bond over 20 years at 11.25%
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37 1st Avenue, Westdene, Johannesburg, Gauteng
Liivra AI market value
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Listed by
Christiaan Reddy
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