Home buyers unable to find the properties they want in the safe, leafy suburbs of Meyerspark and Murrayfield should perhaps expand their search to upmarket property options in Silverton, Silverton Ridge and Weavind Park, which also offer excellent value for money.
This four bedroom house in Silverton, Pretoria, has an open-plan lounge, a study, Jacuzzi, sparkling pool and landscaped garden. It is on the market for R1.115 million - click here to view.This is according to Dr Willie van der Merwe, who owns the RealNet WaterMeyer franchise that operates in all these areas. He says there is a severe shortage of homes for sale currently in Meyerspark and Murrayfield.
Dr Van der Merwe says owners in these two suburbs are holding onto their properties as they realise what good value these gracious homes with established gardens represent.
They are well aware that new homes currently come at a premium of about 30% to existing homes, and so are only selling in order to move to a retirement village, or if they have to downsize for financial reasons.
In addition, he says homes that do come onto the market in these areas are now often snapped up by investors who see excellent opportunities for subdivision and redevelopment.
“These are established, secure suburbs close to highways, public transport, schools, shopping centres and medical facilities, and they know that there is huge demand among a new generation of buyers for modern homes with smaller gardens that are easier to maintain.”
This two bedroom apartment in Weavind Park, Pretoria, is on sale for R520 000 - click here to view.For these reasons, Dr van der Merwe says buyers still in search of larger, more traditional family homes should turn their attention to Silverton, Silverton Ridge and Weavind Park, which are also well-located and often more affordable.
“The Silverton industrial area is the manufacturing hub of Pretoria East, and these neighbouring residential areas are an ideal choice for those who own businesses or work nearby. At the same time, those who wish to commute to Johannesburg by Gautrain are just a 15 minute drive from the Hatfield station,” he says.
Proximity to the N1 and N4 highways, many of Pretoria’s top schools, the CSIR, the Innovation Hub, and the Botanical Gardens are further advantages, and homes in the boomed-off Silverton Ridge area also offer city views.
This apartment in Silverton has two bedrooms. It is on the market for R400 000 - click here to view.Dr Van der Merwe says prices in Silverton start at around R330 000 for a one bedroom flat and around R400 000 for a two bedroom unit. Two and three bedroom townhouses in security complexes cost between R530 000 and R700 000 in Silverton, and between R600 000 and R1.5 million in Weavind Park.
Prices for freehold family homes with large gardens and up to six bedrooms in Silverton and Silverton Ridge range from under R900 000 to over R2 million, and there are still stands with views for sale in Silverton Ridge at prices from R699 per square metre.
He says, in Weavind Park, family homes close to the offices of the National Prosecuting Authority are available at prices from over R1 million, while prices for larger, more modern homes with views range from about R2.3 million to R3 million.
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