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West Bank, West Bank, Port Alfred, Eastern Cape
R 4 800 000
Student Accommodation Investment with Massive Growth Potential This unique and versatile property presents an exceptional investment opportunity, currently operating as a student accommodation compound while also offering the perfect setup for a large or extended family. Set on a generously sized erf with ample room for further development, the property combines comfortable living with excellent income-generating potential.The main residence is spacious and welcoming, featuring 4 well-sized bedrooms, a dedicated walk-in wardrobe room, 2 bathrooms, a large kitchen, a comfortable lounge, and a dining room. An indoor fireplace creates a warm and inviting atmosphere, making it an ideal family home.At the rear of the property, a separate double-storey building provides additional accommodation options. The ground floor consists of two self-contained bachelor units, each with its own bedroom, kitchen, and bathroom. Upstairs, there are two bedrooms sharing a communal kitchen and bathroom, making it ideal for student rentals or guest accommodation.Outside, the property offers a large open space with endless possibilities for expansion, recreation, or additional development. A secure, shaded driveway provides ample parking, while the outdoor braai area creates the perfect setting for entertaining and social gatherings.Property Features:Excellent investment and income-generating opportunityCurrently configured for student accommodationLarge property with significant expansion potentialIdeal for a large or extended familyMain House:4 BedroomsWalk-in wardrobe room2 BathroomsSpacious kitchenLoungeDining roomIndoor fireplaceSecond Building:2 Self-contained bachelor units downstairs each with bedroom, kitchen, and bathroom2 Upstairs bedroomsShared kitchen and bathroom upstairsOutdoor Features:Large outdoor spaceOutdoor braai areaSecure shaded driveway parkingPlenty of room for future developmentWhether you''re an investor seeking strong rental potential or a family looking for space, flexibility, and future growth opportunities, this property is a rare find that offers both lifestyle and income in one exceptional package. Show more Show less
Estimated monthly repayment
R 45 328
on a R 4 320 000 bond over 20 years at 11.25%
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West Bank, West Bank, Port Alfred, Eastern Cape
Listed by
Thulani Brown
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