Property
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 2 450 000
Price per m² R 4 949
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 2,5M
Taxes + legal + admin fees R 109,6K

Rough split: 95.7% purchase price, 4.3% buying costs.

  • Asking price R 2 450 000
  • Transfer duty (est.) R 63 200
  • Deeds Office (transfer) R 2 129
  • Conveyancing (est., incl. VAT) R 44 195
  • Deeds lodgement R 52
  • Total indicative R 2 559 576

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 23 136 /month

Total paid over 20 years (deposit + repayments): R 5 797 663

Deposit 10% · R 245 000
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 2 205 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 2 450 000