0.5 Bedroom Apartment For Sale in Pietermaritzburg

Property description

Become part of a welcoming sectional title community where owners take pride in their investment and enjoy being part of a well-managed scheme.

This bachelor apartment measures twenty-two square metres and offers an affordable opportunity for first-time buyers, parents investing for their children, or investors looking to build their property portfolio.

Why This Property Stands Out
Bachelor apartment
Twenty-two square metres
Secure sectional title scheme
Open parking available on a first-come, first-served basis
Conveniently located close to Durban University of Technology (DUT) and the University of KwaZulu-Natal (UKZN)
Ideal for students and young professionals
A Smart Investment

Its location near two major universities makes this property particularly attractive for student accommodation.

For investors who obtain the necessary accreditation to accommodate NSFAS-funded students, the potential income can be highly attractive. Depending on the applicable funding rates and accommodation arrangements, student accommodation may generate significantly higher rental income than a conventional residential lease. Prospective buyers should confirm current NSFAS accreditation requirements and funding amounts before making investment decisions.

For the private rental market, similar bachelor units in the area can typically achieve rental income of approximately R4,000 to R4,500 per month, depending on the condition of the unit and market demand.

With estimated monthly bond repayments of around R3,400 or less (subject to the purchase price, deposit, interest rate, and bank approval), this property offers the potential for positive long-term returns.

Current monthly expenses include:

Levies: approximately R1,200
Rates and taxes: approximately R500

As rental income and property values increase over time, this apartment presents an excellent opportunity to build long-term wealth through property ownership.

Whether you are buying your first investment property or expanding your portfolio, this apartment offers affordability, an excellent location, and strong rental potential.

Contact me today to arrange a viewing and discover how this property can become your next investment.