6 Bedroom House For Sale in Glenmore

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Description

Prime Student Accommodation Investment - NSFAS Accredited

Perfectly positioned just 700 metres from University of KwaZulu-Natal (UKZN), this well-maintained and income-generating property presents an outstanding investment opportunity.

Currently fully occupied with both private and NSFAS registered students, this property operates as successful student accommodation, the property generates approximately +R40,000 per month in rental income and presently accommodates 12 tenants comfortably with room for more, ensuring consistent demand due to its prime location. 

Property Features:

Main House:

• 6 fully furnished bedrooms (beds, desks, and built-in cupboards)

• 3 shared bathrooms

• Spacious communal kitchen

• Comfortable lounge and dining area

Basement Units (Self-Contained):

• Unit 1: 1-bedroom with private kitchen and bathroom

• Unit 2: 2-bedrooms with private kitchen and bathroom

Additional Features:

• Freshly painted inside and out

• Inviting common pool area

• Secure tandem parking behind locked gates

• Convenient access to shops, public transport, and essential amenities

This split-level property is designed for practical student living, offering both communal and private spaces to suit different tenant needs. Its proximity to UKZN ensures ongoing rental demand, making it a solid addition to any investment portfolio.

A rare opportunity to secure a high-yield property in a sought-after student hub.

Contact us today to arrange your private viewing.

CHRIS AND LISA PEARSON PROPERTIES (PTY) LTD trading as REMAX Address (Umhlanga) operates in terms of a franchise agreement with REMAX of Southern Africa.

Adelle McAllister
Adelle McAllister
REMAX Address (Umhlanga)
Full Status Property Practitioner
Registered with the PPRA
FFC 202635017100000
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CHRIS AND LISA PEARSON PROPERTIES (PTY) LTD trading as REMAX Address (Umhlanga) operates in terms of a franchise agreement with REMAX of Southern Africa.