Web Ref No TPR24229

28 Alek Close, Reservoir Hills, Durban, KZN
Ideal for Student Accommodation | Income-Generating | Spacious & Well-Positioned

This versatile 8-bedroom residence in the heart of Reservoir Hills is a golden investment opportunity for those looking to tap into the thriving student rental market. Strategically located near Durban universities and major transport routes, this property offers space, privacy, and functionality — tailor-made for student housing or multi-tenant letting.

Main Building:
4 spacious bedrooms (main en-suite with shower)
2 additional bathrooms + 2 toilets
Fully fitted kitchen with built-in cupboards & electric stove
Open-plan lounge and dining area
Balcony with scenic views
Wooden flooring in bedrooms, tiled kitchen & balcony

Flatlet 1 (Private Entrance):
2 bedrooms
Lounge
Fully fitted kitchen with electric stove & BICs
Bathroom with shower
Tiled & wooden flooring

Flatlet 2 (Private Entrance):
2 bedrooms
Lounge
Kitchenette with BICs
Bathroom & separate toilet
Neat finishes

Domestic Accommodation:
1 bedroom
Shower & toilet

Additional Features:
Fully fenced for privacy and security
Two double garages + one carport
Three geysers (ideal for multi-unit occupancy)
Durable wooden and tiled flooring throughout
Ideal layout for student rental or extended family

INVESTMENT STORY:
Positioned just minutes from major universities (UKZN Westville & Howard Campus), this property ticks all the boxes for high-yield rental potential. With 8 bedrooms, 3 kitchens, multiple lounges, and ample parking — this property can comfortably accommodate 10–12 students, each with private or semi-private living spaces.

Flatlets provide the option to rent separately or together, and the domestic unit can serve as caretaker’s accommodation or an additional rental unit.

With minimal adjustments, this home becomes a turnkey student housing solution, offering excellent ROI potential in an area with constant demand from the academic sector.

Investment Potential:
Estimated rental income: R30,000 – R35,000/month
Student housing, Airbnb, or long-term lease options
Strong rental demand in Reservoir Hills area
Low-maintenance finishes and layout

Contact now to book a viewing and secure this income-generating gem!