Land for sale

Scottsville, Pietermaritzburg

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Listed 14 hours ago · 1 Jul 2026

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Prime Scottsville Invest. Opportunity - 400m to UKZN - High-Demand Student Accom - Expansion Ready Prime Scottsville Student Accommodation Investment | Expansion Potential to 20 Students | 400m to UKZNPositioned in one of Pietermaritzburgs most sought-after student accommodation zones, this exceptional property offers a rare opportunity to secure a high-growth investment asset just 400 metres from the University of KwaZulu-Natal College of Agriculture, Engineering & Science. Its unbeatable proximity to campus ensures consistent demand and near-guaranteed occupancy, making it an ideal acquisition for investors looking to enter or expand within the thriving student housing market.Set on a generous 1,700m² of flat, usable land, the property provides not only a comfortable and functional current layout but also significant redevelopment and expansion potential. Currently tenanted by 5 postgraduate students, the property generates an immediate rental income of approximately R16,000 per month, offering a stable starting point for further value creation.The existing layout includes four spacious bedrooms, a study room, loungeTV area, reception room, and dining space, all of which can be reconfigured or partitioned to increase occupancy. In addition, a triple garage presents a prime opportunity for conversion into a multi-bedroom flatlet, further unlocking the propertys income-generating capacity.With strategic upgrades and reconfiguration, the property has the potential to accommodate up to 20 students, translating into an estimated R72,000 per month based on 2025 NSFAS Grade B rates making this a high-yield, scalable investment.Beyond its financial appeal, the property offers a welcoming and comfortable environment, featuring a sparkling swimming pool, a lush green garden, and a large open yard ideal for recreation and student lifestyle needs. Modern conveniences such as fibre internet connectivity, a gas stove reducing electricity costs, ceiling fans in all bedrooms, and an air-conditioned lounge further enhance tenant appeal and operational efficiency.Importantly, the property is fully paid off no bond and comes with a full title deed, ensuring a smooth and secure transaction for the incoming investor.Key Property HighlightsLocation & Demand400 metres to University of KwaZulu-Natal College of Agriculture, Engineering & ScienceSituated in a high-demand student accommodation node ScottsvilleProven strong rental demand and occupancy potentialClose to transport routes and essential amenitiesProperty Overview1,700m² flat, usable landFully paid property with clear title deed no bondWell-maintained and move-in readyIdeal for student accommodation conversion or expansionCurrent Configuration5 spacious bedroomsDedicated study roomLounge TV recreational areaReception room and dining areaFunctional layout with multiple reconfiguration optionsCurrently housing 4 postgraduate studentsCurrent rental income: R16,000 per monthExpansion & Investment PotentialPotential to accommodate 20 studentsEstimated rental income: R72,000 per month 2025 NSFAS Grade BTriple garage can be converted into a 3-bedroom flatletInternal spaces can be partitioned to increase capacityLarge yard allows for further development or additional unitsStrong ROI potential in a booming student marketLifestyle & Outdoor FeaturesSparkling swimming poolBeautiful green gardenExpansive yard ideal for student recreation or future developmentPeaceful and functional living environmentFeatures & UtilitiesFibre internet installed high-speed connectivityGas stove cost-saving on electricityCeiling fans in all bedroomsAir conditioning in loungeTV areaPractical and tenant-friendly setup2000L Jojo tank for backup water supplyInvestment SummaryImmediate rental income massive upside potentialStrategic location ensures long-term occupancy stabilityFlexible layout supports scalable student accommodation modelIdeal for both new and seasoned property investorsWith its prime location, large land size, existing income, and exceptional expansion potential, this property stands out as a true Scottsville investment gem. Opportunities of this nature combining location, scale, and income growth are increasingly rare.Secure This High-Growth Opportunity. Contact us today to arrange your private viewing and unlock the full potential of this high-yield investment property. Show more Show less

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