Investor's Dream: Fully Tenanted Student Home Walking Distance from UFS

This student-friendly property is perfectly situated in Bloemfontein, just 1.5 km from the university—easily within walking distance. It also offers convenient access to nearby shopping hubs, including Checkers and Spar in Universitas.

The main residence features a total of eight bedrooms. Five of these are private single rooms, while the remaining three are designed to accommodate two students each. Communal living spaces include a kitchen equipped with two stoves, three bathrooms, an unfurnished lounge area, and a laundry room located adjacent to the kitchen.

A separate flatlet is located at the back of the property. It includes two bedrooms (each shared by two students), a small kitchenette, and a bathroom equipped with two showers and two toilets.

At present, the property generates a monthly income of approximately R62,000 from student rentals. Single rooms rent at R4,400 per student, while shared accommodation is priced at R4,000 per student. Monthly operating costs amount to around R28,900. These costs cover the bond repayment, prepaid electricity (averaging R3,000), municipal water (around R1,000), uncapped Wi-Fi (R800), rates and taxes (R1,600), garden maintenance (R600), and cleaning services (R2,000).

Security features include indoor and outdoor surveillance cameras with armed response. Although there is no garage on the property, ample parking is available in the backyard. Please note: the swimming pool is currently not in use.