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Traffic avoidance boosts Lynnwood fortunes

The property market in Lynnwood, one of Pretoria’s top central suburbs, is benefiting as more and more homebuyers seek ways to avoid traffic congestion, increasing fuel costs and looming toll fees.


3 Bedroom Cluster for sale in Lynnwood Manor
 
Many upper middle-class buyers are relocating from newer suburbs on the outskirts of the city and are now searching for quality homes closer to schools, shops and workplaces or with really easy access to the highway network, says local RealNet co-franchisee Willem Theunissen.
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"They are weary of having to face time-consuming commutes in increasingly heavy traffic to get to work in Pretoria, or to access freeway links to other business nodes such as Centurion or Midrand. And spiralling fuel costs as well the prospect of toll fees are adding to their discomfort.”
 
And Lynnwood, he says, is a particular target of their attention primarily because of its extremely central position and proximity to the University of Pretoria's main campus and schools such as Pretoria Boys’ High and Girls’ High, Menlopark and Afrikaans MeisiesHoër and SeunsHoër. Access to the N1 highway is quick and suburban traffic volumes are lower than on the eastern side of the N1.
 
Theunissen says such buyers still place a high premium on safety, however, and that homes in boomed-off roads and enclaves are the most sought-after. These include include Strubenkop, Alpine, Border Road, Queens Crescent and Farmer's Folly.
 
House prices in Lynnwood start at around R1,3m for standard family homes situated near the highway. The most popular price range, however, is between R2m and R4m, with homes at the  lower end of this range being older and those at the upper end usually renovated and modernised.
 
"Buyers are definitely also looking for value as well as convenience. Although some top properties are on the market at prices of up to R14m, this segment of the market is currently subdued."
 
However the healthy demand for homes in the mid-range - which Theunissen confidently expects will increase as fuel costs rise - has prompted the RealNet Lynnwood franchise to recruit more dedicated agents to also serve surrounding suburbs such as Menlopark, Ashley Gardens, Maroelana and Newlands.


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