West Rand Property - Excellent opportunities for smart investors and buyers

Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.

Steyn Realty is a small family business  that assists property Buyers, Sellers, Tenants and Landlords in areas such as Wilgeheuwel, Strubensvalley, Little Falls, Honeydew Ridge / Manor, Radiokop, Allen’s Nek, Amorosa, Ruimsig and Willowbrook to only name a few. Including the areas all along Hendrik Potgieter from Wilgeheuwel Hospital & Clearwater Mall to Cradlestone Mall in the West.

The areas mentioned above have seen tremendous property growth and development over the last couple of years. This is due to an increase in amenities such as shopping centres and schools, Curro Academy Wilgeheuwel being the latest which opened its doors in January 2017. Easy access to highways and main roads leading towards Midrand / Pretoria as well as Northern suburbs such as Fourways, Sandton and Woodmead make these areas ideal for a wide variety of buyers and tenants.

A part of the Walter Sisulu National Botanical Garden in Roodepoort - it is a great place to spend the day whether you are going for a picnic or to explore the rich diversity of the gardens.

Our buyers come in all shapes and sizes. Some want to upgrade and others need or want to downscale. The type of properties that are available caters for everyone from young first time buyers, young and older families, older people looking to downgrade and even buyers looking to sell and then buy into retirement villages / development in the area. 

High-net-worth individuals can also find upmarket estate properties in some of the Estate developments in the area. Property Investors have a lot of to choose from depending on what their preference and type of property.  

4 Bedroom House for sale in Monument, Krugersdorp

As an example, an Investor can buy a 3 Bed 2 Bath 2 Garage, free-standing townhouse in Wilgeheuwel of +/- 115m² for +/- R 950 000 and get a rental income of R 9500pm. The areas around schools and shopping centres are extremely popular amongst tenants and we get daily enquiries on our rentals of between R 5 500 to R 10 500pm. 

Property prices vary from +/- R 375 000 for a one-bedroom apartment in Honeydew to a R20 000 000 + property in Ruimsig, all within a 10 to 15 km radius. Due to the high number of developments there are a big percentage of sectional title properties which is good from a first-time-buyer and investment point of view. The popular properties are sectional title units between R 850 000 and R 1 400 000 as well as single residential houses between R 1 400 000 and R 1 900 000. 

3 Bedroom Townhouse for sale in Wilgeheuwel, Roodepoort

2018 Started with a bang and we are already taking offers on properties that were listed a week or two ago. Price is still the main deciding factor. With all the information and technology available to buyers, sellers have to be careful not to overprice their properties as this will negatively affect the selling and marketing process.

| Article written by Steyn Realty: 

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