select
|

Look to the north, Pretoria homebuyers advised

Pretoria homebuyers looking for great value should focus on the suburbs north of the Magaliesburg, where there is currently more stock available for sale than in many areas to the south and east of the city.


4 Bedroom Small Holding for sale in Winternest, Akasia
 
So says Polla Erasmus, owner of the RealNet Pretoria North franchise, who explains that winter and extensive roadworks in the Poort area which provides the main access route to the northern suburbs has dampened demand and slowed sales here in the past few months.
 
"But with the advent of summer, there has already been an uptick in interest as more buyers start to realise that values north of the Magaliesberg are set to escalate quite rapidly once the roadworks to accommodate the bus lanes for the new Tshwane bus rapid transit (BRT) are completed.
 
“This will drastically reduce the traffic volumes through the Poort and make access to the CBD and many other parts of the city much easier and quicker.”
 
The R2,6bn BRT system (named A Re Yeng) will eventually encompass about 80km of dedicated bus lanes with 62 stations, and run from Soshanguve in the north-east through the Pretoria CBD to Menlyn (with a branch to the Hatfield Gautrain terminus) and on to Mamelodi in the east. The first phase is due for completion by the end of the year.
 
Meanwhile, Erasmus says, property demand and values in the northern suburbs are also set to benefit from the extensive development planned for the Rainbow Junction node to the north of Lavender Road.
 
“As it is, though, we are now seeing a steady increase in sales in the affordable R400 000 to R1m price range which offers buyers a choice of flats and townhouses in secure complexes, as well as solid family homes, some with separate cottage orflatlet on the premises.
 
“And buyers are also finding excellent value in the luxury market. Large family homes at higher elevations of the Magaliesberg in suburbs such as Florauna, Ninapark and Amandasig offer lovely views as well as seclusion thanks to the typically large stands.
 
"The climate here also allows for tropical gardens that stay verdant during winter, which greatly enhance the genteel ambiance of these suburbs. And, of course, many top homes have swimming pools and lapas to make the most of the balmy climate."
 
She says these upmarket suburbs are being targeted by professionals running their businesses from home and while the traffic congestion has not played a significant role in this sector of the market, value still compare very favourably to upmarket destinations in other Pretoria suburbs.
 
“Prices range up to R5m, but at R3m buyers can expect an exclusive lifestyle. For instance, we are currently marketing a four-bedroom home with three bathrooms, a home office, pool and lapa on a very spacious stand of about 2700sqm at R3m."


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 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.
        
    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