R 1 710 000 | 2 bed property for sale in stellenbosch

Construction to commence early 2024 Limited 2 bed 1 bath and 2 bed 2 bath Duplexes Available Situated on the outskirts of Stellenbosch near Welgevonden. Redwood Estate, a connected living estate with proximity to Stellenbosch CBD and the university campus is now open for investment. Stellenbosch has proven to be a consistently high rental demand area for student accommodation making this investment opportunity a fantastic move for any investor's portfolio. Due to the area of Stellenbosch retaining a high and ever rising rental demand among students, this is a great investment opportunity for student and young professional letting. Units vary in price but are selling from R1 660 000 to R1 710 000 There is potential to make up to R17 000 rental income per month when renting to students and R13 000 per month when renting on a long term basis with assistance from our strategic property agents. The beautiful eco-friendly Redwood estate in Stellenbosch now offers investors the opportunity to capitalize on short term Airbnb rental opportunities to assist in increasing rental yields. Only 15% of the estate is approved for short term rentals, so don’t miss your chance to capitalize today. Contact one of our property agents today and they will assist in securing your reservation and directing on next steps for bond approval. Located in Stellenbosch, with direct Access to the R304 / Winelands Ideal lock-up-and-go units with 24-hour security Redwood Estate offers a variety of investment options, from apartments to duplex homes. Transfer fees are included 24-month subsidized levy on 2 Bedroom Apartments Bond registration costs will apply Green spaces and green solutions All units fitted with inverter with up to 4 hours power (no more loadshedding) Outdoor gym Fibre ready Units are equipped with pre-paid water and electricity / e-wallet system.