Cape Hub Student Rentals Secure Successful Investment Opportunities

Cape Hub Student Rentals Secure Successful Investment Opportunities

With high demand and low market supply in secure and conveniently situated student accommodation in the Cape's urban hub, property investors are well positioned to acquire leverage in a highly profitable and future-proofed property sector.

With ongoing demand for tertiary education and Cape Town's celebrity status as a global travel destination; modern, secure and well-managed sectional title properties guarantee owners a consistent rental income for properties close to higher learning institutions and the city's international tech hub.

According to Knight Frank property consultant Carmen Maher varsity students and international technophiles are demanding secure urban spaces such as those within the Newlands, Rosebank and Claremont neighbourhoods where well-managed and maintained 2- and 3-bedroom apartment opportunities are on offer to investors for anywhere between R1 975 000 and R2 400 000.

"When we look at the Comparative Market Analysis (CMA's) on the current properties in our portfolio for these areas, in particular The Claremont, The Protea Glen and Stellenberg, it's easy to identify that sectional complex properties show not only healthy investment value growth per square metre but a real return from rental value, making it a profitable property sector for investors to consider."

Confirming the Knight Frank property selection currently on the market, Maher says apartments are all either tastefully upgraded with quality finishes lending to a contemporary feel or requiring upgrading which on completion, instantly results in an increase in value and demand.

"Aside from properties portraying the perfect positioning for safe and easy access to varsity, college or the city, we also see de facto demand for security, off-street parking, communal amenities such as swimming pool, braai areas and a laundry service, together with professional facilities management and housekeeping. And with the award-winning Cavendish Square Shopping Centre, the Virgin Active Health Club, a 24-hour Woolworths convenience store and the Jammie Shuttle (UCT transport service) within easy walking distance of these locales, property investors are guaranteed excellent rental potential."

The links to the properties that would be ideal as student accommodation for hotlinks/reference in article: