Sale
South Africa

9

Beds

3

Baths

6

Parking

495 m²

Floor area

House 9 beds 3 baths 495 m²

About this property

Overview

An exceptional student accommodation investment opportunity located in the highly sought-after student hub of Westdene, just a short walking distance from the University of Johannesburg.

This NSFAS-accredited property is perfectly positioned to attract consistent student demand and offers excellent potential for strong rental income.

Property Features

  • 9 fully furnished student bedrooms
  • 3 bathrooms
  • Spacious student lounge
  • Fully equipped kitchen
  • Large yard with development potential
  • NSFAS accredited student accommodation
  • Walking distance to University of Johannesburg
  • Located in the popular student area of Westdene, Johannesburg

Investment Highlights

  • Strong demand for student housing in the area
  • Existing NSFAS accreditation
  • Expansion potential for higher returns
  • Prime location close to campus and transport routes

Development Potential

The property sits on a large stand with a spacious yard, offering excellent development potential to build additional rooms or cottages to significantly increase rental income.

Rooms & layout

Bedroom × 9
Bathroom × 3
Kitchen
Lounge
Garage × 6

Features & amenities

student accommodationNSFAS accreditedfurnished bedroomslarge yarddevelopment potentialnear university

Price & ownership

Asking price R 2 350 000
Price per m² R 4 747
Municipal valuation -

Cost to buy (indicative)

Purchase type is not confirmed below. Transfer duty is estimated for a standard resale (not a VAT-inclusive developer or vendor sale). Check with the agent.

Upfront split

Property price R 2,4M
Taxes + legal + admin fees R 100,2K

Rough split: 95.9% purchase price, 4.1% buying costs.

  • Asking price R 2 350 000
  • Transfer duty (est.) R 55 200
  • Deeds Office (transfer) R 2 042
  • Conveyancing (est., incl. VAT) R 42 935
  • Deeds lodgement R 52
  • Total indicative R 2 450 229

Estimates from SARS transfer duty tables, Deeds Office–style fees, and LSSA conveyancing guidelines. Not financial or legal advice — confirm with your attorney. Duty uses the higher of price or market value.

Table ref: sars_2025-04-01

Bond Calculator

R 22 192 /month

Total paid over 20 years (deposit + repayments): R 5 561 024

Deposit 10% · R 235 000
Loan term 20 years
5 yr 30 yr
Interest rate 11.25% p.a.
5% Prime ~11.25% 20%

Monthly repayment vs interest rate (deposit fixed at 10%)

Monthly repayment vs deposit percentage (rate fixed at 11.25%)

Indicative estimate only. Loan of R 2 115 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.