Demand for well priced homes to be met in Pretoria East
News > news - 11 Aug 2016

This is an area where homes very seldom come onto the market, and limited new development is taking place. This has created a pent-up demand for property in the area, particularly in a secure estate. With a limited amount of property available to the market, Mooikloof Country Residences which is launching its Phase One next month, is ideally placed to satisfy the demand.

In fact, Paul Hailwood, CEO of Richprop, which is developing this secure estate in partnership with Murray & Roberts and finance from Nedbank, points out that market research indicated a need for well priced three-bedroom homes in the Pretoria East region, which is exactly what Mooikloof Country Residences will provide in a secure, family oriented estate setting.

He also notes that Mooikloof Country Residences is the only new development currently underway in the area and no other new developments are expected to come online in the near future.

The first phase will consist of 250 freehold homes available in three design styles, either single or double-storey. Priced from R1.85million, these three-bedroom homes offer exceptional value for money as they will be fully equipped with appliances including fridges, microwaves, dishwashers, washing machines, tumble dryers and wall mounted, flat screen televisions.

Furthermore, the homes will also be equipped with energy saving features to assist residents in containing their monthly utility bills. Each home will also have access to the state-of-the-art fibre optic network.

“Aside from the fact that homes at Mooikloof Country Residences are catering to a very specific demand within the community, they are also underpinned by the strong address – it is ideally placed just off Garsfontein Road in the heart of Mooikloof,” says Hailwood.

Hailwood goes on to say that the greater Pretoria East region is one of the best regions in Pretoria in which to invest in property. “This is evident in the recent sales activity and the continually high demand for property in the area. Added to this, Pretoria East also offers one of the highest property value growth rates in Pretoria.”

Another reason why Mooikloof Country Residences presents such an ideal investment opportunity, according to Hailwood, is due to the fact that those who purchase for buy-to-let purposes will be able to capitalise on the buoyant rental market in the area while simultaneously benefiting from capital appreciation on their property. “The rental demand in the area is underpinned by its excellent location and Mooikloof address,” he says.

For more information contact Werner Eksteen of REMAX at 082 411 3089 or Annie Benade on 082 577 4531. Visit the Mooikloof Country Residences HomeShow sales centre which will be open daily between 10h00 and 17h00 on site at the show village between 13 August and 4 September 2016.

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