RealNet opens in Grahamstown

Property developer Aidan Sparrow and experienced estate agent John Loveland have joined forces to bring the signature RealNet property services to the discerning Grahamstown market.

This property in Westhill in Grahamstown is on sale through RealNet for R3,39m. It has five bedrooms and three bathrooms, spacious open plan living areas leading out on to a large covered patio, a separate TV room, a separate scullery, a large garden with pool and a triple automated garage
Grahamstown, home of Rhodes University and several top private and State schools - and  South Africa's only city with education as the main economic driver - has a stable property market with sustained demand for student housing, says Sparrow. "There is also brisk demand among top businessmen who relocate their families to Grahamstown because of the top schools in the town and surrounds."
Large homes right across the price spectrum are popular as student digs and every available space is utilised as accommodation, he says, noting that student housing remains a solid investment for parents. "Not only do they pay a bond for their own account instead of paying res fees, but because of perennial demand, they have little trouble selling their properties once their children graduate."
Meanwhile businessmen who relocate their families to Grahamstownand commute to other cities for work are often attracted to the local lifestyle as much as the convenience of having a family home close to their children's schools," says Sparrow.
"The homes in the older parts of the city have a definite cachet and it really is an opportunity to live elegantly, as it were, in the pages of a history book."

This property in the secure Kings Heights Estate in Grahamstown is on sale through RealNet for R2,55m. It has four bedrooms, 2,5 bathrooms and three open plan living areas leading out to a covered patio and pool deck. Additonal features include a separate scullery, a double automated garage and additional water storage tanks.
Period homes on large stands are currently selling at prices of between R3m and R6m. Schools include St Andrews College, Graeme College, Diocesan School for Girls, Kingswood College, Victoria Girls' High School and HoërskoolPJ Olivier.
Average prices for entry-level townhouses and flats are around R800 000, while family homes in the R950 000 to R1,8m price range and offering three or four bedrooms and two bathrooms are currently in strong demand among residents employed at educational institutions, various local institutes, the nearby army base and the Grahamstown High Court.

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  • Zee Zizo - posted 18 Oct 2013 11:15 AM                                    

    nice plan

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