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
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
    • 15 Feb 2018
      One positive consequence of the financial crash in 2008 was the rise in consumerism, especially in the property market, where buyers have steadily become more knowledgeable and more value conscious.
    • 15 Feb 2018
      While most homeowners will take the agent’s commission into consideration when they are trying to determine what the will get out from the sale of their property, many often forget to factor in the other costs involved in a home sale, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news. Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it’s a double-edged sword as the market also will come under increasing pressure from factors like declining disposable income levels.
    • 14 Feb 2018
      While you may not have intended to place your home on the market, what do you do if you receive an unexpected offer on your home? In areas where demand outweighs the current supply of homes available to buyers, it is not unheard of to have buyers make offers on homes that aren’t on the market, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      If you are looking to sell your home this year, Debbie Justus-Ferns, divisional manager of Renprop Residential Sales, says that there are five crucial things to do before the ‘for sale’ sign goes up.
    • 01 Feb 2018
      February is the month of love and to celebrate we will be posting about all the things we love this month. Follow the #MyPropertyLoves hashtag to keep up with our favourite things.
    • 01 Feb 2018
      After saving up and months of searching for the right home, applying for a bond and patiently waiting for the keys to the front door, it is finally time to cross the threshold and move into your new home. Now what?
        
    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