select
|

Blairgowrie offers good value to property buyers

Blairgowrie is situated in the heart of Johannesburg’s northern suburbs. It is considered one of the older suburbs with many of the houses dating back to the forties and fifties.  In fact a large number of families have lived there for over 30 years.

The tree-lined neighbourhood gives way to Delta Park, a favourite haunt for cyclists and joggers who make the most of the wide open spaces.    Entrepreneurs and small businesses as well as those who work from home find the close proximity to Sandton, Hyde Park and Rosebank a bonus.

Within the last ten years there has been an influx of families with young children who are attracted by the leafy neighbourhood, large properties and excellent schools nearby.

Many of the 1000m² properties have granny cottages, considered ideal for multi-generational living, and accommodation for students and young adults starting out in the world.

House prices vary from R1.05-million for an older home with a granny flat, three bedrooms and a study; to R4.8-million for a guest house with six en suite bedrooms.

The average price for sales based on transfers over the last ten months hovers around R1.3-million.  According to the Deeds office, by the third quarter, approximately 116 properties were registered.

“Before deciding to settle on a home, it’s best to look around and compare value across all suburbs. At entry level, Blairgowrie has consistently offered value for money,” says Jawitz Properties’ agent Helen Chinyanta who specialises in Blairgowrie.  

“At present there is shortage of stock. Nevertheless, we are receiving more and more requests for valuations from owners who want to test the market, only to discover that their dream home is out of their price range.   It’s the sign of the times. Buyers are cautious about not over-extending themselves and are prepare to sit it out and wait for better times.   However, when properties do come on the market and are priced right, they change hands fairly quickly,” she says.

“There is no doubt that homes that are pitched at market related prices get a far better response.  When this is coupled with perceived value, properties are usually sold within eight weeks.  We’ve even had buyers vying for the same property. The downside is that those who refuse to listen to the market, will have to wait a lot longer to sell, ” she says.

Demand has improved, aided by lower interest rates and an increased uptick in bond approvals.  Prospective buyers are taking the precaution of consulting with their bankers as to whether they qualify for a bond and are succeeding in getting pre-approvals prior to putting in offers.  Other buyers are purchasing after they have sold their previous home and therefore know in advance what they have available to spend. There are also those who diligently set aside monies for the deposit, eliminating the necessity of applying for a 100% bond. By the same token, many buyers pay cash after the sale of a previous home.

Bargains are few and far between. There is however, a property on a 972 m² stand with three bedrooms, a study, large pool and garden, going for R1.4-million that offers great potential for a complete renovation.  The owner has been living there since it was built 55 years ago.
Being an older suburb, Blairgowrie does not have many developments. Most are stand alone properties and provide a blank canvas for a creative investor to modernise and refurbish.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
        
    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