Hazeldene estates draw security-conscious buyers

Security estates around the stylish Silver Lakes estate on Pretoria's eastern boundary are cashing in on the cachet of the popular Hazeldene development node.

Linda Bodenstein of RealNet Silver Lakes, who recently acquired the franchise rights for several surrounding estates, reports brisk sales in the Silver Woods estate and in The Meadows in particular.

She says buyers are attracted by the ambience of a “lifestyle precinct” designed to provide gracious living in a secure environment. "Residents have all modern amenities such as medical and shopping facilities within walking distance, yet they live in a secure and secluded environment with the emphasis on nature - on some nights they can even hear the lions roar at the famous Farm Inn venue nearby."

Undeveloped stands in Silver Woods are in particular demand since buyers see good value at prices ranging from R545 000 to R800 000. Stands currently make up about 40% of the 300 units in the estate. Built homes are selling at prices from R1,6m to R6m.

Stands in the first phases of The Meadows, which will eventually contain about 8000 homes, are also selling well at prices from R550 000 to R1,2m. Building packages are available from R6600/sqm, excluding the price of the stand.

Younger buyers, says Bodenstein, are targeting apartments at prices between R400 000 and R500 000, which are very good value for the area. House prices in The Meadows range between R2m and R3m.

Arguably the biggest attraction among buyers with young families, says Bodenstein, is the Curro private school at The Meadows. The school is also open to residents of all the other estates which the local RealNet franchise now serves, namely Silver Lakes, Silver Woods, Silver Stream, Six Fountains and Willow Acres. "Parents are reassured that their children can walk to school in complete safety and Curro, of course, is known for excellence in education," she says.

RealNet Silver Lakes last year appointed a dedicated area agent to serve buyers and sellers in the above estates, bringing the number of agents active in the area to three, and Bodenstein says additional agents will be appointed shortly in the light of the high number of sales the franchise has facilitated since acquiring the rights late last year.

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