What makes Brackenridge a great suburb?
Brackenridge is a suburb / Secure Estate recognized as the No 111 suburb on a national scale. It is a secure estate with electrified fencing, cameras, guards doing foot patrols, access control with the latest technology plus the availability of a vehicle on site to respond to any emergency. It has its very own water supply with a state of the art filtration plant. A financially sound and extremely well-managed estate with the very low rate of levy increases over the past few years being the indicator.
The typical buyer
As the estate is still only in the region of 50% developed, there are 2 types of buyers that are attracted to the estate at present. The first buyer is the vacant land buyer, the buyer looking to build their dream holiday home. The second buyer is the buyer looking to move in and live on the estate on a permanent basis, the majority of who are in the age group of 50 years old and over.
Vacant Land for the first 6 months of 2018 has changed hands at a median price of R650,000. 12 properties have been registered this year thus far ranging from R350,000 up to about R1,000,000. Developed homes for the same period have changed hands at a median price of R4,300,00. 7 homes have been registered this year ranging from R2,450,000 up to R7,500,000. Rentals of around R10,000 per month are being achieved depending on the accommodation that is on offer.
Popular in this area
Attractions close by include, a choice of 6 blue flag beaches, easy access to town and restaurants, neighbouring onto the Plett Country Club, walks on the Robberg Nature Reserve, numerous animal watching activities from riding on elephants to driving in a lion enclosure on the back of an open vehicle.
A number of speculation homes are currently in the building phase. This would indicate that vacant land buyers could pick up land at good prices and develop them for resale or to have as a rental earner. There are very few homes in Brackenridge that are on the market so there is an opportunity to buy land and build. There is at present a very big demand for good upmarket long term rental homes in Plettenberg bay in general.