select
|

Invest in Burgersfort

This according to Elsa de Bruyn, owner of the local RealNet franchise in the area, after rental prices has risen considerably due to demand being bigger than supply.

“Apartments with two rooms could easily be rented at R5500 per month, while townhouses with three bedrooms go for between R7500 and R9000 per month. A house in the area, when available, starts at R9000 and could move up to around R20 000 per month depending on the size of the house.

She continues: “new properties are being brought to the market which are 152 square meters in a complex with a pool for sale at R950 000, these could in turn be rented out at R8500 per month”

In security estate such as Leopard’s Bush, Spekboom River Estate and Motaganeng Estate there is a wide variety of erven for sale with a starting price of R220 000. For investors who are interested in more upmarket units there are still erven available in Swallow’s Crest.  

“Prices of properties in these estates ranges from R950 000 to R4 million. So there is a wide variety of homes which could fit your pocket.”

“It doesn’t look like the demand for houses in Burgersfort will dwindle soon. An estimated 7500 houses are still needed over the short- and medium term, due to the projected growth of mining industry in the Sekhukhune area” she concludes.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 19 Jan 2018
      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.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
        
    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