About this property

Investors, developers this is the opportunity you have been wait for. Situated on a generous 1.487m2 erf and only 1,3km from the University of the Free State, this property offers exceptional conversion and expansion potential in a high- demand student rental area. The property is structurally sound and requeries only cosmetic upgrading, making it an ideal value-add investment with significant upside potential. The existing improvements provide multiple opportunities to create additional rental units and maximise income. Main House Features: - Three spacious north- facing bedrooms - Large living area with conversion potential for up to three additional bedrooms - Existing space within living area where a bathroom can easily be added, creating a separate self - contained unit - Large kitchen with sufficient space to convert a portion into an additional bedroom -Bathroom with bath and shower - Additional separate toilet Flatlet: - Private entrance completely separate from the main residence - Private enclosed yard - Open plan lounge and kitchen - One bedroom with en - suite bathroom - Additional separate toilet and basin The flatlet can easily be reconfigured into a three-bedroom unit, significantly increasing rental income potential. Further Development Potential: The large backyard provides ample space for future expansion, additional accommodation units. An existing outbuilding already has plumbing infrastructure in place, including a toilet and a basin, and offers the opportunity to be converted into two bachelor units with minimal structural alterations. Investment Highlights: - 1.3 km from the University of the Free State - Large 1.487m2 erf - Structurally sound property - Cosmetic upgrades required only - Existing separate flatlet with private access - Potential to create multiple additional rental rooms - Existing outbuilding suitable for bachelor units - Large yard with future development potential - Strong demand for student accommodation in the area With the right vision, this property could be transformed into a high-yield student accommodation investment offering multiple income streams and excellent long- term growth potential. Properties with this combination of location, erf size, conversion potential, and expansion opportunities are becoming increasingly difficult to find. Contact us today to arrange a viewing and explore the possibilities this exceptional investment property has to offer.