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Scottsville, Scottsville, Pietermaritzburg, KwaZulu-Natal
R 1 595 000
Situated on Oribi Road in the heart of Scottsville, this well-located property offers exceptional potential for investors seeking student accommodation opportunities. Positioned approximately 150 metres from a nearby university access point, the location is ideal for consistent rental demand. The main house features four bedrooms and two bathrooms, with one bedroom en suite. A spacious combined lounge and dining area provides comfortable communal living, complemented by a fitted kitchen with ample built-in cupboards. While the home does require some maintenance, it presents an excellent opportunity to add value. In addition to the main residence, the property includes two outbuildings. A spacious one-bedroom flat offers immediate rental potential, while the double garage - already fitted with a bathroom - can easily be converted into a second flat or additional accommodation. With its proximity to the university, multiple income-generating options, and strong redevelopment potential, this property is perfectly suited to investors looking to capitalise on the high-demand student rental market in Scottsville. Henwood and Katz Real Estate (Pty) Ltd t/a RE/MAX Midlands. A franchise of RE/MAX of Southern Africa.
Estimated monthly repayment
R 15 062
on a R 1 435 500 bond over 20 years at 11.25%
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Scottsville, Scottsville, Pietermaritzburg, KwaZulu-Natal
Fair-value check
Good valuePriced 33% below comparable 4-bed houses for sale in Scottsville
Based on 19 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Tshepo Mthembu
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