Primarily a mining and farming town, the residential property market in Middelburg in Mpumalanga caters for a varied and broad range of home buyers and is currently experiencing a strong demand for homes to rent.
This four bedroom, four bathroom home in Aerorand has a swimming pool, jacuzzi and three garages. It is on the market for R4.5 million through Pam Goliding Properties.
This is according to Elisme Swart, Pam Golding Properties area principal in Middelburg and nearby Witbank, who says apart from the mines and construction companies, local major industries which contribute to the economy and demand for housing accommodation include Columbus – a chrome refining company, numerous mining equipment suppliers such as Barloworld, Babcock, JVC, Bell and MANand companies which supply parts for trucks such as Transerve, TB Hydraulics, Bearing Man and Auto Spares.
She says there is an opportunity for buy-to-let investors to acquire homes at realistic prices to rent out to those working in the industry. She says contract workers employed at the mines and manufacturing companies tend to look for property to rent or buy as long as it’s at an affordable price, with prices ranging from R450 000 to R650 000 and up to around R1 million.
“Homes to buy in this price range would comprise anything from a bachelor flat to two or three bedroom houses or flats in the suburbs of Mineralia, Middelburg South, Nasaret and Mhluzi. These areas are situated within easy reach of the mines and most people living there utilise mine transport.”
This home offers four en suite bedrooms, a spacious living room, bar and braai area. It is priced at R9.23 million through Pam Golding Properties.
Swart says in the local township called Mhluzi, there are small two bedroom, one bathroom houses available from R380 000 to R900 000. Houses to rent, which have appeal for contractors start from R3 900 per month for a small two bedroom, one bathroom flat in Nazaret or Mhluzi, while in Middelburg South rentals start from R5 000 per month for a two bedroom house, and range upwards.
She says in the middle market in Extension 18, newly built modern houses vary from R650 000 to R2 million in price, and as this area is close to the local schools it is popular among families. Other new homes are coming onto the market in a new development called Sam Rose Valley which is situated in the suburb of Nazaret, she says. Affordable housing in this new development is selling from R450 000 for two bedroom, one bathroom homes to R650 000 for three bedroom, two bathroom homes – each with an open plan kitchen and lounge, says Swart.
At the other end of the scale, Middelburg is also home to a large number of high net worth individuals and the affluent residents of the town are mainly mine or large construction company owners, many of whom are concentrated in the suburb of Aerorand.
Swart says houses in the area vary from R4.5 million to R30 million, comprising modern and luxurious five and six bedroom homes with large living areas, spas, swimming pools and lavish entertainment rooms and areas.
She says currently, they are marketing two top-end, four bedroom homes in Aerorand, priced at R4.5 million and R9.23 million respectively. Rentals at the top-end of the market range from R9 000 per month up to around R20 000 per month, with an appealing four bedroom house with swimming pool currently available to rent for R17 500 per month in the sought-after suburb of Golfsig, she says.
Also on the market are sectional title commercial units of 100 square metres, 110 square metres and 400 square metres in size, which are available to rent in an office block well-situated just behind Middelburg Mall.
The ground floor comprises 400 square metres consisting of a boardroom, kitchen, undercover parking and including air conditioning, switchboard system, back-up generator and cleaning services at a rental rate of R153 per square metre. Upstairs on the second floor are offices of 110 square metres at a rental of R81 per square metre plus 100 square metres at R74 rental per square metre.
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