select
|

The Quails launches in Paulshof to cater to upsurge in demand

Over the past two years there has been an exceptionally strong demand for residential property in the node west of Rivonia in northern Johannesburg, from the Sunninghill and Paulshof areas particularly. This is according to Chris Renecle, MD of Renprop, which is launching a 210-unit sectional title apartment development in the area later this month called The Quails.


The Quails Streetscape - Artist's impression
 
Renecle notes that Renprop has developed in excess of 1 000 sectional title units in this node over the last 10 years, all of which have been successfully sold and realised a solid capital growth.
 
He points to a number of resales that Renprop has handled in its original two developments in the Paulshof area, which were first sold off plan in 2005. “Recent sales in these developments over the past eight months are a testament to the growth potential of apartments in this node as they have achieved an average value growth of more than 35% between the original sales price and the resales price. This just shows what exceptional investment value these units have delivered,” says Renecle.
 
Demarcated by the Western Bypass, Leeuwkop Estate, Sunninghill and Lonehill, the suburb of Paulshof is well situated close to the Rivonia CBD and benefits from a number of amenities including schools and shopping centres, as well as easy access to the N1 and other major road networks.  Added to this, infrastructure upgrades in the area, such the widening and improvement of Witkoppen Road which is currently underway, will ease the traffic flow adding to the area’s appeal.
 
Situated on Holkam Avenue, the three-story walk-up apartments at The Quails, which are ideally suited to executives working in the Rivonia/Sandton area as well as investors who want to capitalise on the strong rental demand that is also prevalent in Paulshof, will measure between 80m2 and 100m2. Buyers have the option of various configurations, from one-bedroom lofts and two-bedroom, one-bathroom units to two-bedroom, two-bathroom units, some of which have lofts,  and three-bedroom, two-bathroom units.
 
Russel Peach, Divisional Manager of Renprop Residential Projects, points out that the architectural design of The Quails is what sets it apart. “There has been an exceptional demand from buyers for loft apartments with roof terraces,” he says, “a design approach which has been applied to The Quails,” he says. “This is the first development in a number of years that Renprop has taken on that includes these architectural elements.”
 
Renecle notes that there is not much property in the area available for redevelopment, a factor that will fuel ongoing demand, and capital growth prospects, for residential property in Paulshof. 
 
Priced from R1.1million – R1.6million, these apartments offer good value for money for the area.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 16 Jan 2018
      The start of the new year is symbolic of new beginnings. A good time to take stock of one’s possessions as well as how necessary they actually are. However, seeing as the process may appear daunting – a plan goes a long way.
    • 16 Jan 2018
      The Western Cape is still in the throes of a severe drought and many households have to adjust the way they use and save water. It is a little more complicated in sectional title schemes, however, as it is not that easy to implement grey water systems for multiple users and it is also difficult to monitor water usage accurately if there are no separate water meters
    • 15 Jan 2018
      In ideal rental situations, when a lease is signed the tenant will stay for the full duration of his lease without any complications and the landlord will uphold his obligations, creating a win-win situation for tenant and landlord.
    • 15 Jan 2018
      The Atlantic Seaboard’s housing market has stoically withstood the brunt of the growing economic and political instability, consistently achieving double digit growth way above the national average, however, in 2017 South Africa’s most resilient market finally began to yield to the pressure.
    • 15 Jan 2018
      Sectional title insurance can be a little confusing and, as a new owner, you may be tempted to just assume your body corporate has you covered. While this may be the case, understanding the extent of your coverage and your personal liability is the only guaranteed way to protect yourself against potentially costly oversights.
    • 12 Jan 2018
      After an exceptionally good 2016 during which the Winelands residential market outperformed the national average by a considerable margin, 2017 was marked by a difficult winter which saw a notable slump in sales and demand.
    • 12 Jan 2018
      Small spaces can make a big impact. Irrespective of size, an aesthetically pleasing outdoor space can be a major selling point for prospective buyers. “Even if the outdoor area is small and only enough to sit and have a cup of coffee, it might just be the feature that makes the stand out from others in the neighbourhood,” says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 12 Jan 2018
      The boom of the digital age has opened up many doors to the way we buy and sell property. In the past we used to pop out and pick up the latest copy of the property magazines available, today we switch on the PC or grab our smart phones as online property portals & Facebook has become the new ‘go-to’ for anything, including shopping for your new home from the comfort of your couch.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK