Beautiful Student Investment Property in Upper Woodstock.
This unique Victorian house gives a new buyer the opportunity to live here themselves or buy it as an investment with a guaranteed net rental income of R300.000/year (by the current owner/occupier) Currently being used as a vibrant accommodation for young professionals/students. Each spacious room generates +R6000/monthly, which is giving the owner a gross income of +R500.000/year.
This seven bedroom and two bathroom property situated in Upper Woodstock is ideal for the savy investor looking for a good rental yield investment. R42000 per month rental income.
There is a garage with parking for one vehicle and a well sized courtyard with a braai area. All the rooms are of a good size and the property comprises of 2 levels. Upstairs is a balcony with lovely views of Table Mountain. The kitchen is well sized and there is enough space for multiple persons to use at the same time. At the ground floor there is also a large cozy communal room.
The property has been recently well maintained and is in a really top condition. The new owner can start receiving a rental income on this property from day one as there are currently tenants living here on a month to month if they choose to use it as an investment property and they dont need to do any work to it.
Woodstock is fast becoming a very desirable area with lots of new coffee shops, restaurants and other trendy places now opening up in this area. There are also lots of development happening in the area and Woodstock with apartment blocks and offices being built.
With it being only a 5minute drive to the CBD and easy access onto all major highways making this the ideal location and also close to Universities, Colleges and English Language Schools.
Viewing by appointment. High in demand
The house got some very positive media attention in 2018: https://visi.co.za/co-living-renovation-in-woodstock/
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
