NSFAS-Accredited Student Housing & Development Opportunity – Pinelands
Positioned just two minutes from Pinetown Central and within close proximity to schools, transport routes, and key amenities, this NSFAS-approved student accommodation property presents an outstanding investment opportunity.
Set on 3480 sqm of development land, the property comprises 7 income-generating units , making it ideal for student housing or long-term rental:
• 1 x 3-bedroom unit – Kitchen with built-ins, lounge, bathroom, and separate toilet. Two bedrooms with built-ins. Includes 2 parking spaces, a private backyard, and a line area. Rental: R7,500.
• 1 x 2-bedroom unit – Kitchen with cupboards, lounge, bathroom with shower, 1 parking space, and a line area. Rental: R6,100.
• 1 x log cabin unit – Open-plan lounge, bedroom, kitchen, bathroom with shower, veranda, and 1 parking space. Rental: R4,000.
• 4 x studio apartments – Each with a kitchen (built-in cupboards), bathroom with shower, and 1 parking space. Shared line area. Rentals: R3,000 – R3,800. Prepaid electricity to be installed as per the lease agreements.
Key Highlights:
✔ NSFAS approved for student accommodation
✔ Strong, consistent rental demand
✔ 3480 sqm with further development potential
✔ Adjacent to municipal property with 24/7 security
✔ Ideal for investors targeting the student housing market
A rare opportunity to secure a compliant, income-generating asset in a high-demand student rental area.
Set on 3480 sqm of development land, the property comprises 7 income-generating units , making it ideal for student housing or long-term rental:
• 1 x 3-bedroom unit – Kitchen with built-ins, lounge, bathroom, and separate toilet. Two bedrooms with built-ins. Includes 2 parking spaces, a private backyard, and a line area. Rental: R7,500.
• 1 x 2-bedroom unit – Kitchen with cupboards, lounge, bathroom with shower, 1 parking space, and a line area. Rental: R6,100.
• 1 x log cabin unit – Open-plan lounge, bedroom, kitchen, bathroom with shower, veranda, and 1 parking space. Rental: R4,000.
• 4 x studio apartments – Each with a kitchen (built-in cupboards), bathroom with shower, and 1 parking space. Shared line area. Rentals: R3,000 – R3,800. Prepaid electricity to be installed as per the lease agreements.
Key Highlights:
✔ NSFAS approved for student accommodation
✔ Strong, consistent rental demand
✔ 3480 sqm with further development potential
✔ Adjacent to municipal property with 24/7 security
✔ Ideal for investors targeting the student housing market
A rare opportunity to secure a compliant, income-generating asset in a high-demand student rental area.
Monthly Rates
R981.95
Features
Interior
Exterior
Sizes
Disclaimer
While every effort will be made to ensure that the information contained within the Wakefields website is accurate and up to date, Wakefields makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
