Web Ref No RL11476

This spacious 4-bedroom house is an excellent investment opportunity designed and built for students studying at the University of Cape Town (UCT), due to the convenient location, and being within walking distance of the campus.

The house offers a peaceful and conducive environment for studying. The 4 bedrooms are exactly the same and well-sized to comfortably accommodate students, providing a private and comfortable space for them to rest and study.

The common areas of the house are thoughtfully designed, with a spacious living room, a fully equipped kitchen, and 2 bathrooms to cater to the needs of the residents. 1 bathroom gets shared between 2 rooms. The living room provides a perfect setting for socializing and relaxing after a day of classes, and the kitchen offers ample space for preparing meals and fostering a sense of community among the students.

The rental income of R24,000, before expenses, is a significant advantage of this property, making it an attractive investment opportunity.

Additionally, the proximity to UCT ensures a consistent demand for student housing, providing a stable rental income stream. The location also offers easy access to public transportation, shops, restaurants, and other amenities, enhancing the overall convenience and appeal of the property.

Mowbray is a vibrant suburb located in Cape Town, South Africa. Situated just south of the city centre, the area is known for its diverse community and features a mix of residential and commercial spaces. It is a popular choice, especially among students and young professionals. The presence of lush green spaces, such as the Rondebosch Common, adds to the charm of Mowbray. This area provides opportunities for outdoor activities, including walking, jogging, and picnicking.

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