- 8
- 5
- 2
- 401 m2
- 1 201.0 m2
Monthly Costs
Monthly Bond Repayment ZAR .
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Mun. Rates & Taxes: ZAR 2004.00
Property description
Currently generating over R57,000 per month in student accommodation income, this impressive property boasts over 400m² under roof, set on a generous, level 1,201m² stand and within walking distance of UKZN's Edgewood College campus. With eight well-sized, sunlit bedrooms, five airy bathrooms, timeless kitchens, multiple living areas including a fully self-contained cottage, the possibilities are endless!
Priced to sell at just R2 695 000! This exceptional property in the sought-after suburb of Ashley presents a rare opportunity that pays for itself for savvy investors, student accommodation operators and large or extended families seeking space, comfort, versatility, income and endless potential!
Step inside and discover a welcoming, generously proportioned long study hall that flows seamlessly into a spacious TV lounge, complemented by an additional office space currently utilised as a bedroom, complete with built-in cupboards and ample room for a single or double bed.
A second cosy lounge provides additional living space, while three well-sized bedrooms offer comfortable accommodation, two of which can accommodate two single beds and wardrobes, with the third comfortably suited to a single or double bed and featuring built-in cupboards.
The functional, timeless kitchen is fitted with granite countertops, ample cupboard space, a breakfast nook and an under-counter oven. There is also provision for a fridge and plumbed appliance, making everyday living convenient and practical.
Further down the passage, you'll find two additional spacious, sunlit bedrooms, both fitted with built-in cupboards, air conditioning and ceiling fans. Two neat and airy bathrooms service this section of the home, one featuring a shower and the other a bathtub, basin and toilet.
The generously sized main bedroom offers a walk-in closet and a full en-suite bathroom, complete with a timeless jacuzzi bath and shower.
Adding even more value is a fully self-contained cottage, featuring an open-plan bachelor layout, functional kitchenette, built-in bar and two bathrooms with showers. Ideal for extended family, additional rental income or further accommodation opportunities.
Step outside and discover your own private entertainment haven! Enjoy a lapa, sparkling swimming pool, jacuzzi and spacious entertainment area complete with a built-in bar and braai. Quality, low-maintenance paving, an awning and trampoline create the perfect setting for entertaining family and friends.
The beautifully maintained front garden features a jungle gym, while the level stand offers exciting potential for further development or additional accommodation, subject to the necessary approvals.
PARKING & ADDITIONAL FEATURES
Neat driveway with ample secure parking.
Double garage with potential for conversion into additional student accommodation.
Carport parking.
Over 400m² under roof.
1,201 m² level stand.
Alarm system and neighbourhood watch presence.
Armed response patrols in the area.
Perfectly positioned for student accommodation, the property is approximately 1.5km from Edgewood College and within easy reach of Ashley Primary School, St Benedict School, Gelofte School and other popular Pinetown schools.
Enjoy convenient access to the N3, M13 and M7, with popular shopping destinations such as The Pavilion, Pinecrest Mall, Knowle's Spar and Hatton's Spar all within comfortable driving distance.
Whether you're looking to secure a high-performing investment with an existing rental income stream, accommodate a large or extended family, or explore further development opportunities, this property offers exceptional versatility and value.
All this for just R2 695 000!
Don't miss out on this fantastic opportunity.
Contact us today to arrange your exclusive viewing!
Property Details
- 8 Bedrooms
- 5 Bathrooms
- 2 Garages
- 1 Ensuite
- 2 Lounges
- 2 Dining Area
Property Features
- Study
- Patio
- Pool
- Laundry
- Wheelchair Friendly
- Aircon
- Pets Allowed
- Access Gate
- Alarm
- Kitchen
- Lapa
- Built In Braai
- Entrance Hall
- Paving
- Garden
- Family TV Room
Video
| Bedrooms | 8 |
| Bathrooms | 5 |
| Garages | 2 |
| Floor Area | 401 m2 |
| Erf Size | 1 201.0 m2 |
Contact the Agent
Samkelo Zondi
Candidate Property Practitioner
