4 Bedroom House for sale in Salt River

Description

Income-Generating Student Accommodation Investment in Salt River Asking Price: R1 900 000 SOLE & EXCLUSIVE MANDATE - PRIVATE SALE Located at 9 Burns Road, Salt River, this double-storey investment property presents an excellent opportunity for investors seeking immediate rental income and strong cash flow in one of Cape Town's most sought-after student accommodation nodes. The property is currently fully occupied and generates a gross monthly rental income of R20 000, with four tenants each paying R5 000 per month. Positioned close to major educational institutions, transport routes, and key amenities, demand for accommodation in this area remains consistently strong. Property Features: 4 Bedrooms 2 Bathrooms Double-storey unit Off-street parking Secure parking for 1 vehicle behind gate Washing lines Fully tenanted Prepaid electricity Monthly Income &... Income-Generating Student Accommodation Investment in Salt River Asking Price: R1 900 000 SOLE & EXCLUSIVE MANDATE - PRIVATE SALE Located at 9 Burns Road, Salt River, this double-storey investment property presents an excellent opportunity for investors seeking immediate rental income and strong cash flow in one of Cape Town's most sought-after student accommodation nodes. The property is currently fully occupied and generates a gross monthly rental income of R20 000, with four tenants each paying R5 000 per month. Positioned close to major educational institutions, transport routes, and key amenities, demand for accommodation in this area remains consistently strong. Property Features: 4 Bedrooms 2 Bathrooms Double-storey unit Off-street parking Secure parking for 1 vehicle behind gate Washing lines Fully tenanted Prepaid electricity Monthly Income & Expenses Rental Income: R20 000 Electricity: R1 500 Wi-Fi: R950 Rates & Water: R3 000 Total Monthly Expenses: R5 450 Net Monthly Income: R14 550 Investment Performance Gross Annual Income: R240 000 Net Annual Income: R174 600 Gross Yield: 12.63% Net Yield: 9.19% Monthly Net Cash Flow: R14 550 This is a turnkey investment opportunity with tenants already in place, providing immediate returns from day one. Whether you're looking to expand your property portfolio or enter the student accommodation market, this property offers attractive yields, stable occupancy, and long-term growth potential in the ever-popular Salt River precinct. Investors Take Note: Properties delivering a net yield above 9% in Cape Town are increasingly difficult to find. Secure a cash-flowing asset in a high-demand rental market with proven income and minimal vacancy risk. Contact us today to arrange a viewing and obtain the full financial breakdown. Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#1171151031","type":"c"}));

What we know about this property

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Portal facts

Garage

1

Parking

1

Bedrooms

4

Erf Size

129 m²

Bathrooms

2

Listing Date

19 June 2026

Listing Number

117332628

Type of Property

House