This state-of-the-art, modern building offers 26 safe and secure student units that are set in a prime location.
This development is situated in the popular Universiteits oord and the residence is designed with communal areas that include a fully equipped kitchen, furnished lounge, dining room as well as an outdoor pool and braai area.
This style of living will ensure that the occupants experience student life to the fullest.
Oak trees, historic buildings, students, green spaces, cafés and lots of great wine are among the first impressions of this buzzing university town, but there’s much more to life in Stellenbosch than its undeniable picture-postcard charm. Visitors flock to Stellenbosch for its quaint historic streets lined with oak trees and for its well-deserved reputation for gourmet food and wine. Students come to study at the world-class university that occupies a significant area of the town centre. Residents get all that plus a lifestyle that offers the best of all worlds. Stellies is all about small-town convenience; a diversity of culture and arts more typical of a big city; prestigious schools; a vibrant café culture; beautiful surroundings; and the mountains and wine estates that embrace the town and offer a wealth of outdoor activities.
Many investors choose student housing for the yields it produces. Accommodation close to higher learning institutions can pack more income per square meter and also guarantees year-on-year tenants. The demand for student accommodation is much higher than the supply, in turn leaving a huge gap in the market for many investors. Stellenbosch, Grahamstown, Rondebosch, Cape Town (CBD) and Belville are all but a few of the most lucrative areas in the countries for investors to consider.
When it comes to student accommodation, usually perfection is not always required, because unlike a family wanting to start a new home, students are aware that they will not be sticking around for a long time, and as such the property does not have to be perfect nor meet stringent requirements, although decent living conditions and affordability are some of the important factors for student renters.
Buy-to-let markets in towns like Stellenbosch, Grahamstown and Potchefstroom have revealed profitable opportunities in investing in student accommodation. Industry players say the rising number of university students who need to be housed in privately owned accommodation off-campus, has created attractive buy-to-let opportunities for investors. It appears that the housing slump has bypassed university towns like Stellenbosch, Grahamstown and Potchefstroom on the back of strong growth in demand for rental stock.
With this in mind, investors in the buy-to-let market can expect a 7% return on their investment. A 10% escalation per annum is easily achievable, the closer the property is to campus. The further away the property, a lower escalation is more likely, where it can be between 5 – 10% per annum.