R2,799,000
R2,799,000
11 Bedroom Freestanding For Sale in Durban Central
11
Bedrooms
8
Bathrooms
9
Parkings
Sole Mandate
Ref. RLS988693
Land 778.00m²
Floor 771.00 m²
Monthly Repayment
R27,944.65
Sthombe Madida
Sthombe Madida Candidate Property Practitioner Seeff Queensburgh
Annette Botha
Annette Botha Candidate Property Practitioner Seeff Queensburgh
Michelle Vermeulen
Michelle Vermeulen Selling Licensee Seeff Queensburgh PPRA Registered | FFC 2023220836
Monthly Levy R1
Special Levy R1
Monthly Rates R1,915
Total R1,917

Developer's Dream: Prime Investment Opportunity in Clare Hills

Web Ref. RLS988693
This isn't just a house; it's a turnkey investment waiting to be maximized in the bustling Durban suburb of Clare Hills. Perfectly situated for a high-yield student accommodation or shared rental property, this sprawling triple-story residence offers an unmatched combination of space, location, and potential.

With the University of KwaZulu-Natal (UKZN), Durban University of Technology (DUT), Springfield College, UNISA and other higher education institutions nearby, the demand for quality student housing in this area is consistently high. This property is already structured to meet that demand, offering a layout that is both practical and profitable.

Property Highlights:
11 generously sized bedrooms, with several leading to a private balcony—ideal for creating appealing, premium units.

8 bathrooms to ensure convenience and privacy for every tenant.

3 kitchens with beautiful wooden built-in cupboards, allowing you to easily section the property into multiple living spaces.

2 dining rooms and a spacious lounge that can be converted into communal areas or additional rental rooms.

Robust infrastructure including 2 Jojo tanks for consistent water supply and a security room with a camera system for peace of mind.

Additional parking with a garage and additional outdoor space, a key selling point for tenants.

A dedicated braai area perfect for creating a community atmosphere and a valuable shared amenity.

A store room in the basement for extra storage or potential conversion.

This property is a rare find, offering the scale and features necessary to generate a significant return on investment. The existing structure minimizes initial development costs, allowing you to focus on creating a desirable living space that will attract a steady stream of tenants.

Don't miss out on this exceptional opportunity to own a piece of Durban's lucrative rental market. Contact us today to arrange a viewing and unlock the full potential of this incredible property.

Features

Interior
11 Bedrooms
8 Bathrooms
3 Kitchens
1 Lounge
2 Dining Rooms
2 Studies
Exterior
1 Garage
8 Parkings (Double Parking, Carport)
Balcony
Security
Sustainability
Water Tank
Sizes
Land Size 778 m²
Floor Size 771 m²
Additional Amenities
CCTV Camera
Backup Water
Balcony Room
Built in Wardrobes
Communal Braai Area
Bath, Toilet and Basin
Balcony
Domestic Bathroom Bathroom
Carport
Water Tank

Durban Central, Durban

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Finance

Monthly Repayment
R0,00
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