House 2635-ref-594 for Sale in Scottsville, Pietermaritzburg

AgencyRef: 2635-ref-594 Positioned in one of Pietermaritzburgâs most high-demand rental zones, this exceptional property presents a rare opportunity to secure a cash-flowing investment asset with immediate income potential and long-term growth upside. Located just a 2-minute walk from UKZN, with seamless access to the CBD, N3 highway, public transport routes, and major shopping centres, this property sits exactly where tenant demand consistently outpaces supply â a critical factor for any serious investor. This is not just real estate â itâs a strategic income-generating property designed for scalability, flexibility, and strong returns. Property Features: 7 Bedrooms | 4 Bathrooms | Accommodates 12+ tenants Main House: 4 Bedrooms, 2 Bathrooms, Lounge, Dining Room, Kitchen, 2 Verandas Outbuilding: 3 Bedrooms, 2 Bathrooms Large stand with development potential Expansive garage ideal for conversion into additional rental units Investment Highlights: 1. High-Yield Student Accommodation Opportunity With UKZN on your doorstep, this property is perfectly positioned for student housing, one of the most reliable and resilient rental markets in South Africa. Estimated potential rental income: R3,700 per student x 16 tenants = R59,200 per month Potential gross annual income: R710,400+ per year This is a proven high-demand rental model offering consistent occupancy and predictable cash flow. 2. Multiple Revenue Streams = Maximum Flexibility Reduce risk and future-proof your investment by tapping into various income channels: NSFAS-accredited student accommodation Guesthouse / Bed & Breakfast Co-living or multi-tenant professional housing Offices or co-working space Boarding house or training facility The layout naturally supports multi-use conversion, giving you the freedom to adapt as markets evolve. 3. Value-Add & Expansion Potential For investors who understand how to unlock upside, this property delivers: Ample space for additional cottages or units Opportunity to increase density and rental yield Strong potential for capital appreciation in a growth node This is where vision meets profitability. Prime Location Benefits: Walking distance to UKZN campus Easy access to transport routes and public transit Minutes from Pietermaritzburg CBD Close to schools, shopping centres, and essential amenities A location like this ensures: > High occupancy rates > Continuous tenant demand > Long-term investment security The Opportunity: Properties offering this combination of location, scale, income potential, and versatility are exceptionally rare. Whether your goal is to: Build a high-performing property portfolio Generate passive rental income Establish a thriving accommodation business This investment delivers on every level. Act Now High-demand properties near UKZN are secured quickly by decisive investors. Contact Shane Candy today to arrange your private viewing and take the next step toward owning a high-income, multi-use investment property in Pietermaritzburg. Agency reference number: 2635-594