select
|

Time to start making your estate home dreams come true

If you fancy living in one of the exclusive estates east of Pretoria, now’s the time to stake your claim and start to plan your dream home.
 
So says Yolanda Pelser, owner of the RealNet Silver Estates franchise, who says stands in several of these estates are currently selling at very low prices. “For example, you can buy 700sqm stands for around R380 000 in our areas, and 900sqm stands for around R530 000 – all well located in sought-after security estates such as Six Fountains, Willow Acres, Leeuwenhof, Silver Willows, Silver Woods and Lombardy as well as Silver Stream.”
 
Meanwhile, she says, RealNet Silver Estates has had a lot of success in communicating with developers and spec builders in these estates and getting them to offer more of the type of home buyers are currently looking for, at the sort of prices they are prepared to pay.
 
“We get the most enquiries for three-bedroom clusters, duettes and townhouses priced at up to R1,5m, and we have a new development on our books at the moment which will be comprised of three-bedroom homes of around 180sqm each, priced at around R1m, which we believe will sell like hotcakes.
 
“Most buyers in our areas are people aged between 30 and 40 with young families - especially now that there are several excellent schools close by – and people over 50 who are scaling down from big suburban homes for security reasons and perhaps have one or two children at university. Via the N4 freeway, the estates in this part of Pretoria are conveniently close to Tuks.”
 
As for pre-owned houses in these estates, Pelser says, actual selling prices (as opposed to asking prices) are still down about 20% from the boom days of 2007 / 2008, so there is also good value to be had here. “And the banks generally seem to have no problem in granting home loans to buy these properties, provided they are well priced and the buyer has a 10 to 20% deposit.”
 
However, at the other end of the buying scale, there is also growing demand among both investors and first-time buyers for sectional title apartments in the new development node known as Hazeldean, thanks to the rapid completion of new office parks, shopping centres and other workplaces in the area, and a corresponding influx of young people needing accommodation.
 
“And to cater for this, we have just begun marketing studio and bachelor units at the Oukraal development in Hazeldean at prices from R360 000.”
 
Issued by RealNet


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
    • 19 Feb 2018
      Situated approximately halfway between Johannesburg and Pretoria, Midrand was established in 1981 and forms part of the City of Johannesburg Metropolitan Municipality. It has become one of the major business hubs in the country with major pharmaceutical, textile, telecommunication and motoring giants situated within its boundaries.
    • 19 Feb 2018
      The PayProp Rental Index Annual Review of 2017 shows that the rental market suffered from much volatility during the year. It kicked off with rental growth spiking in January with weighted year-on-year growth (YoY) growth peaking at 8.3% before dropping to 6.34% in July, dipping down to less than 5% in November and then experiencing a slight uptick at 5.75% in December.
    • 19 Feb 2018
      While most homes in cluster complexes, estates and other gated communities come with at least one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
    • 15 Feb 2018
      One positive consequence of the financial crash in 2008 was the rise in consumerism, especially in the property market, where buyers have steadily become more knowledgeable and more value conscious.
    • 15 Feb 2018
      While most homeowners will take the agent’s commission into consideration when they are trying to determine what the will get out from the sale of their property, many often forget to factor in the other costs involved in a home sale, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news. Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it’s a double-edged sword as the market also will come under increasing pressure from factors like declining disposable income levels.
        
    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