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Budget-conscious Joburgers snapping up property in Roodepoort

27 Feb 2017

Value-for-money property continues to attract thousands of new residents a year to Roodepoort and its surrounding West Rand suburbs.

This five bedroom, four bathroom home in Ruimsig has beautiful modern finishes and open-flow living spaces. It is on the market for R4.8 million - click here  to view.

This is according to Liana van Loggerenberg, the Rawson Property Group’s franchisee in Roodepoort, who says the latest statistics show that more than 2 500 houses and more than 3 800 flats and townhouses were sold in this area last year there is still very strong demand even though consumers are going through such tough times financially.

“However, there is also a bigger supply of homes for sale at the moment than at this time last year, which means that buyers have more choice and room to negotiate, and that is preventing prices from rising too quickly,” says Van Loggerenberg.

“The stats show that the average house price has risen just over 6% since last year to around R1.2 million, and that the average R610 000 currently being paid for apartments is only 1.6% more than last year.”

She says it is also interesting to note that Roodepoort is getting ‘younger’ by the day as this new wave of home buyers’ moves in.

“At the moment about 73% of all local homeowners are under the age of 50, but about 81% of those who have bought homes here in the past year are in that age group, while a rising percentage of sellers are over-50,” says Van Loggerenberg.

This three bedroom, two bathroom home in Witpoortjie has a private garden and car port. It is on the market for R680 000 - click here  to view.

“What we are seeing is a classic rejuvenation of the older parts of Roodepoort, where many existing residents who have finished raising their children are selling their large family homes as they get ready to retire, and a new generation of young families is revelling in the opportunity to live in well-established suburbs with great schools, modern shopping malls and other conveniences all close at hand."

Van Loggerenberg says other drawcards for living in Roodepoort include three private hospitals, a Monash University campus, several golf clubs and courses and the Walter Sisulu Botanical Gardens, as well as superb city and mountain views from the hillside homes in some Roodepoort suburbs.  

“Roodepoort is also readily accessible from Soweto and Pretoria, as well as all the office nodes of northern Johannesburg and Midrand, and is close to Lanseria airport, which offers an increasing number of daily flights to other SA cities,” says Van Loggerenberg.

“And because there has been a considerable amount of new development here in the past 10 years, we have homes available to suit all types of buyers, including student flats, stylish apartments for career singles and couples, townhouses for new families, suburban homes with large gardens, and luxury apartments and houses in secure golf and lifestyle estates.”

This three bedroom, two bathroom home in Mindalore has a flatlet, pool and lapa entertainment area. It is on the market for R1.35 million - click here  to view.

However, Van Loggerenberg says, value for money remains the primary concern for most buyers these days, and that is where Roodepoort really hits the mark.

“In Groblerspark, for example, you kan find three bedroom flats and townhouses available at prices from around R400 000, and several three bedroom, two bathroom houses are on sale at prices from R750 000 to around R900 000,” says Van Loggerenberg.

“Family buyers are also targeting older homes on large stands in other areas south of Ontdekkers Road, such as Mindalore, Lindhaven, Horizon View and Witpoortjie.”

As further examples, Van Loggerenberg  says a three bedroom home with three living rooms, two garages and staff accommodation in Lindhaven listed for R820 000.

“All of these properties are close to good schools and local shopping centres, as well as the Westgate and Cradlestone malls, which have a variety of restaurants and entertainment options. Houses at these prices also offer buyers the opportunity to renovate and modernise without overcapitalising, as the ceiling in these areas is around R1.3 million,” says Van Loggerenberg.

“Prices range from R1.4 million to about R3 million in the suburbs to the north of Ontdekkers Road, which include Helderkruin, Roodekrans, Wilropark, Strubensvallei and Rangeview, while at the upper end of the local scale there are many luxury home options in areas such as Ruimsig, Poortview, Quellerina and Constantia Kloof, at prices from just over R2 million all the way up to about R10 million.”

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