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
Characters remaining

    Latest Property News
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us