What R2 million buys you in these sought-after suburbs in Pretoria
For R2 million, and even a little less, you can buy a quality home in a sought after area in the greater Pretoria area, according to various Seeff licensees across the region.
While some areas offer spacious homes and include extras like a pools, others offer smaller homes in more prestigious suburbs for the same price.
Other accommodation do not offer any gardens, but boast spectacular views of the city – so in the end it really only comes down to a buyer’s individual preferences.
Seeff agents say that a R2 million should enable you to buy a property that does not compromise on important factors like proximity to major routes, good medical facilities, schools and shopping centres either.
Pretoria East
Gerhard van der Linde, Seeff’s MD in Pretoria East, said while it was still possible to pick up one bedroom and two bedroom apartments in some areas surrounding Menlyn a couple of years ago at bargain prices, the situation has changed drastically with the coming of mega development Menlyn Main.
Owners in surrounding areas like Garsfontein, Menlo Park, Alphen Park, Newlands, Constantia Park and Ashlea Gardens are getting premium prices for their property and the buy to let market is performing extremely well.
Townhouses and small homes in outlying areas like Silverton can still be picked up for around R750,000, while the luxury sector in areas like Waterkloof, Mooikloof, Woodhill and Silver Lakes boasts homes upwards of R20 million.
A typical R2 million property in Pretoria East: A three bedroom house in a sought after area like Faerie Glen or Monument Park.
Why invest in Pretoria East? The areas surrounding Menlyn are some of the fastest growing areas in Gauteng at the moment and the demand for property here is unprecedented. This area is also referred to as “The Sandton of Pretoria”.
Centurion:
Steve van Wyk, Seeff’s MD in Centurion, said that Centurion boasts property starting from around R1 million for a two bedroom townhouse to around R20 million for a luxury home in a sought after estate.
The demand for estate living in Centurion has increased significantly and buyers are happy to pay a premium prices for security. Centurion has a broad range of estates priced from R1.5 million to R20 million.
More prestigious estates include Cornwall Hill, Centurion Golf Estate, Irene Farm Villages, Southdowns, Blue Valley, Copperleaf, Heuwelsig and Midstream.
A typical R2 million property in Centurion: A freestanding three bedroom home in a residential area like Rooihuiskraal or a brand new home of around 200m2 in an estate like Candlewoods.
Why invest in Centurion? Properties in estates have excellent returns and the buy-to-let market in Centurion is buoyant. The area is also home to numerous private and government schools, five golf estates, a fantastic road network, large and small shopping malls, excellent sporting and recreational facilities and a number of Parks and Greenbelt areas.
Pretoria North (Jacaranda):
While perhaps less affluent, Peter Mokwana, manager for Seeff Pretoria North (Jacaranda) notes that his trading areaincludes areas like Shoshanguve, Garankuwa, the whole of Pretoria North which includes areas like Nina Park, Amandasig, Montana, Montana Park, Annlin and Doornpoort among others.
Property prices start from as low as R260,000, but can can go up to between R6 million and R27 million for a mansion built in a green belt area like on top of the Magaliesberg.
A typical R2 million property in Pretoria North: A modern three bedroom home in a security complex situated at one of the highest points in Theresapark or an older four bedroom family home on a large stand are on offer.
Why invest in Pretoria North? It is a well established area offering easy access to major routes to the centre of town and easy access to the N4 and N1 for people working in Johannesburg.
The area also has ample space for new development especially around Montana where many plots are up for grabs. In addition Pretoria North boasts a lovely climate and all the amenities of typical city life are available, but the lifestyle is more relaxed, said Seeff.
Read: This is what R2 million buys you in 5 sought after Joburg suburbs
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