Steve van Wyk, Seeff’s Managing Director in the area says a property of R1.1 million recently sold in the Eco Park estate only one day after listing. Charles Vining, Seeff’s MD in Sandton, says properties priced under R2 million in Sandton and surrounds are most sought after and tend to move the quickest. At Amberfield Ridge Estate and Amberfield Valley Estate, buyers had the opportunity to buy vacant land and build their build homes – the latter being the most recent (10 to 15 years old). A number of homes are fairly new and very modern, making them very appealing. According to David Ingle, Seeff’s MD for Bedfordview, patient investors can apply for rezoning and will be able to fit up to eight cluster units on one of these sites – with individual units selling at the same price as the original land purchase – making it an “unrivalled investment opportunity”. Like all areas in the early throes of revival, it is enjoying a disproportionately high rate of appreciation in property values and offers many renovation opportunities,” says Hajec. +27 (0)861 111 724. The median price of a freehold home in an estate in Raslouw is R2.575 million and R2.48 million in Raslouw Glen estate. Comments section policy: Any attacks on BusinessTech, its journalists, or other readers will result in a ban. Well-positioned homes in the Cape Winelands including an award-winning farm, and good deals in Johannesburg, will be going under hammer on 29 October. “Besides the fact that freestanding property carrying this price tag is quite scarce in Sandton, Paulshof is conveniently nestled between Sandon, Fourways and Midrand, and buyers definitely don’t have to skimp on great location. “Many investors who have been drawn to Melville find that when they buy right it is easy to make a profit after a quality renovation or development,” said Seeff MD in Randburg, Chris Hajec. Amberfield has seen a number of new sectional title developments in the last few years including those located right across from the Mall @ Reds. Huni said Amberfield and Raslouw offer easy access to the N1 and N14 making it convenient for those commuting to Pretoria, Midrand, Kempton Park, Johannesburg, Krugersdorp, Gautrain and OR Tambo International Airport as well as Lanseria International Airport. “With the median price of sectional title homes priced under R1 million, the suburb attracts a number of young adults (35 or younger) and professionals as well as first-time buyers,” said Huni. The median price of sectional title homes is R962,000 with prices having grown +39.4% over the last five years, according to Lightstone data. “The suburb holds a sentimental pull for many of its inhabitants and is characterised by people who could afford to live in more expensive communities, but choose to live in Melville.”. According to Seeff, what makes this suburb truly appealing is that properties can be found here for under R1.5 million: the average price for sectional title in Paulshof has been R1.1 million for sales concluded over the last 12 months. Amberfield has a mixture of property types including freehold homes, townhouses, duets, apartments, vacant land, clusters, guesthouses, secure estates and new developments, including Amberfield City, which will have 4,000 homes on completion and a private school. It is … Best in Show: Pretoria Suburbs. Homes in Melville generally range from R1.4 Million to R3 Million, but even more affordable property can also be found in the directly adjacent Westdene, the group said. Clusters and houses in Paulshof usually sell at prices between R1.8 million and R2.6 million. In Centurion property in estates sell the quickest hands down and have to date had excellent returns. Two suburbs in Centurion offering value-for-money homes, No need to panic over land expropriation without compensation: Seeff, Eskom has the right to cut off customers that don’t pay: court, Dlamini-Zuma extends South Africa’s national state of disaster, South Africa to get new number plate system, The charts that show South Africa’s shrinking tax base, Great MTN Business data deals – 1TB for R999, Get a new smartphone app for your company. Besides the fact that freestanding property carrying this price tag is quite scarce in Sandton, Paulshof is conveniently located between Sandon, Fourways and Midrand, the group said. “Homeowners in these areas are asking more for their properties than what they are worth, but are getting away with it because it seems potential buyers have jumped on the same train and are realising the value of investing in these areas,” says  Van der Linde. Contrart to the impression that prestigious suburbs are only to be found in the Northern parts of Johannesburg, Meyersdal breaks the trend, Seeff said. Houses in this upmarket suburb in the east of Joburg have prices ranging from R500,000 for a bachelor pad to upwards of R30 million for bigger residences. The suburb benefits from its close proximity too the Joburg CBD, University of Johannesburg, Wits, and many shopping centres and hospitals to name a few. Please check your email to activate your MyProperty24 account. If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled. A tremendous amount of development is taking place in the areas surrounding Menlyn, in addition to the Menlyn Main development which includes a casino. “Property in Eco Park Estate is affordable, centrally situated to all schools, malls and highways and is achieving excellent returns of between 9% and 10% on resales and rentals. Here there is a mixture of sectional title and freehold homes. “Prices in Meyersdal for sectional title start at around R600 000, close to R3 million for freestanding homes, and homes in estates can be priced anything from R6.5 million to R39 million – thus offering a variety of living options in different price ranges in an upmarket area”. All suburbs in the proximity of Menlyn are in high demand as a result of the job opportunities created here, and include Garsfontein, Menlo Park, Alphen Park, Newlands, Constantia Park and Ashlea Gardens, says Gerhard van der Linde, Seeff’s MD in Pretoria East. The current suggestion is that real-estate buyers … “Patient investors can apply for rezoning and will be able to fit up to eight cluster units on one of these sites, with individual units selling at the same price as the original land purchase, making it an unrivalled investment opportunity.”. We also suggest the best places to visit and shops that offer only the best. According to Lightstone data, of the total housing units in Amberfield, 79.9% are sectional title properties – with a sizeable number located in estates. More than two thirds (68.4%) of all homes in Amberfield are located in security estates. Read: No need to panic over land expropriation without compensation: Seeff. While there has been a stage where sales were slow in Bedfordview, Ingle says the trend is lifting, and there is now renewed interest in the area. Van der Linde says Menlyn Main is Africa’s first green city, and this mega development includes commercial space, retail space, shopping space, a gym, residential apartments, hotel, entertainment complex and scenic parklands, and is widely regarded as the "Sandton City" of Pretoria. 0 Comments. In Raslouw Lifestyle Estate, the median price of freehold homes is R3.52 million and R1.89 million for sectional title units. “The suburb holds a sentimental pull for many of its inhabitants, and is characterised by people who could afford to live in more expensive communities, but choose to live in Melville. For additional information about Centurion … These two suburbs in Gauteng’s Centurion are ‘hot’ property. Are you saving money for Black Friday deals. Home buyers from all walks of life are drawn to Centurion’s newest and established suburbs of Amberfield and Raslouw respectively because of their accessible property prices and value for money homes, says Pam Golding Properties. According to Lightstone, 63.1% of homes in Raslouw are sectional title units, with nearly a third of the 300 freehold units located in estates. According to Seeff, all suburbs in the proximity of Menlyn are in high demand as a result of the job opportunities created here and include Garsfontein, Menlo Park, Alphen Park, Newlands, Constantia Park and Ashlea Gardens. Comments section policy: Any attacks on BusinessTech, its journalists, or other readers will result in a ban. Please note that you are using an outdated version of Internet Explorer which is not compatible with some elements of the site. Whether you are looking to buy a home before the end of this year or whether property hunting is on your “to do list” for the new year, there are some significant areas in Gauteng that you should consider before deciding in which area to invest. Apartment / Flat for sale in Audas Estate, Apartment / Flat for sale in Parklands East. Properties priced under R2 million in Sandton and surrounds are most sought after, and tend to move the quickest.”. We strongly urge you to update to a. Nearly half of recent sellers had owned for less than five years – suggesting that buyers in the area could be seeing their homes in Raslouw estates as their first foothold on the property ladder. Map of Centurion, Gauteng. Homes in these estates are priced from R1.9 million and ranging up to R3.4 million. “Melville is rebounding from the slow decline from its halcyon days of the late 80s and early-90s back into a new and different but undeniable resurgence. What is a virtual card and how does it work? In Centurion, properties in estates sell the quickest and have to date had excellent returns. 26 Oct 2018. In addition, the statistics reveal that sectional title prices have shown stronger growth than freehold homes over the past five and 10 years – increasing by 37.7% and 50.3% respectively with the median price of sectional title at R1.04 million and R2.15 million for freehold homes. “Besides the fact that freestanding property carrying this price tag is quite scarce in Sandton, Paulshof is conveniently nestled between Sandon, “In this upmarket suburb where prices range from R500 000 for a bachelor pad to upwards of R30 million for palatial residences, large houses on 4 000sqm stands are selling at bargain basement prices,” says, He says above average rentals are being achieved in Bedfordview in relation to the surrounding areas, and there is a perception that Bedfordview is the place to live in the, Nicholas Falck, Real Estate Agent for Seeff Johannesburg South, says Meyersdal, bordering, KZN South Coast | 'Affordability, Blue Flag beaches and limited stock driving demand', Top Gauteng suburbs for young buyers looking for good-value, starter homes, On Auction | Wide selection of residential properties across SA up for grabs, Buying property: Gauteng’s 6 hottest suburbs. “Property in Paulshof is a hot commodity and sells fast,” says Vining. Lying just outside of Midrand on the N1, part way between Johannesburg and Pretoria, Centurion is probably best known for its mall - one of the largest shopping centres in South Africa with over 200 stores and restaurants. “In this upmarket suburb where prices range from R500 000 for a bachelor pad to upwards of R30 million for palatial residences, large houses on 4 000sqm stands are selling at bargain basement prices,” says David Ingle, Seeff’s MD in this area. In addition, the Gautrain bus services runs via Amberfield to the Centurion station making it very convenient for commuters. Steve van Wyk, Seeff’s Managing Director in the area, says a property of R1.1 million recently sold in the Eco Park estate only one day after listing. Chris Hajec, Seeff’s MD in Randburg, says homes in Melville generally range from R1.4 million to R3 million, but even more affordable property can also be found in the directly adjacent Westdene. Words: Betsie Loock-Van der Merwe Images: Supplied & Shutterstock . Sectional title units are accessibly priced between R800,000 and R1.5 million. 03 Oct 2017. Save on your car insurance today – Or get R500 cash, Government wants more ‘lockdown powers’ for the health department, Telkom reports Vodacom over deal with Rain, You will be fined for not paying e-tolls under South Africa’s new driving laws: DA, Here are the changes planned for South Africa’s post offices, The best-performing CEOs in the world 2018.

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