Prime Development Opportunity — Ideal for Townhouses or Student Housing

Dual Mandate

This ideally located property offers an exceptional opportunity for developers and serious investors. Situated on a large stand identical in size to the neighbouring complex, this site is perfectly positioned for a new townhouse development or high-demand NSFAS-accredited student housing. The location, land size, and zoning potential make this one of the most attractive development parcels available.

The existing front house can easily be converted into student accommodation, offering immediate rental income while the rest of the stand is developed. The home features a welcoming entrance hall, a spacious lounge, and a functional kitchen with built-in cupboards, an eye-level oven, a classic coal stove, and a separate laundry area. There are three well-sized bedrooms, a bathroom with a separate toilet, original wooden floors, and high ceilings that add old-world charm. A large patio provides a peaceful outdoor space for relaxation.

Additional features include a double garage (with approved plans to convert it into a flat) and an outside toilet.

What truly sets this property apart is its development versatility. With the neighbouring complex already proving what can be achieved on the same-sized stand, this property offers unmatched potential for those looking to create modern townhouses, student housing, or a combination of both. Investors will appreciate the strong rental demand, excellent location, and long-term growth prospects.

Contact us today to arrange a private viewing and explore this outstanding development opportunity.