Please note that you are using an outdated version of Internet Explorer which is not compatible with some elements of the site. We strongly urge you to update to a newer version for optimal browsing experience.

Buying property in Bloemfontein

21 Feb 2013

Bloemfontein, also known Mangaung which means “Place of the cheetahs” has a colourful history and a big reputation.

This four bedroom, three bathroom house has three spacious living areas and a one bedroom flatlet on the property. It has two wendy houses, two garages, a swimming pool and a well maintained garden. It is on the market for R1.53 million - click here to view.

The City of Roses is home to the Supreme Court of Appeal, the Maphikela House where the ANC was established and is the birthplace of J.R.R Tolkien, the author of the “Lord of the Rings Trilogy”. The city falls within the Mangaung Local Municipality situated in the heart of South Africa.

What makes it attractive from a property point of view is the large variety in developments and the continual demand for accommodation created by the army base, hospital and university. These institutions supply a constant influx of people which adds to the thriving community.

“We’re seeing a lot of movement in the local property market. In fact we’re very busy at the moment and haven’t experienced too much of the slowness many other property markets are facing”, says Wynand Liebenberg, Principal of Leapfrog Bloemfontein. However, the market is sharing a similarity with the rest of the country in that the more affordable segment (R700 000 to R1.5 million) is seeing the most buying activity.

According to Lightstone, Dan Pienaar, property situated in the north of Bloemfontein is seeing young buyers aged between 18 and 35 with prices averaging at R1.515 million for a freehold property and R1.142 million for a sectional title.

This nine bedroom, five bathroom house in Waverley, Bloemfontein has two lounges, a gym facility, a sauna, a bar and wine room. It has dry cleaning and laundry services, a jacuzzi and a swimming pool. It is on the market for R6.955 million - click here to view.

The adjoining suburb of Arboretum has mainly sectional title properties averaging at R2.1 million and freeholds at R950 000, with data indicating that 40 percent of new buyers are between the ages of 18 and 35. Over 70 percent of the properties in Westdene are also sectional title close to R1.5 million.

To the south west is Universitas, a quiet area where house prices range from R1.23 million for sectional titles to R874 000 for freehold properties. Sixty percent of buyers are 49 years old and younger indicating it’s desirability for younger families with children.

Upmarket Waverley consists mostly of freehold properties with prices around R1.4 million and 20 percent of buyers are between of 36 and 49 year old.

Bloemfontein has more than 40 schools, some, like Gray College, are famous for their educational standards and traditions. It also has two universities and various private colleges. Liebenberg says they find the area has much to offer in terms of education, recreation and work opportunities. "Many people simply upscale within the town as opposed to moving to supposedly greener pastures like Cape Town or Johannesburg”, she says.

The area is well equipped for sports lovers with two soccer teams, the Premier Soccer League as well as Bloemfontein Celtic. It also hosts two rugby teams, the Central Cheetahs and the Free State Cheetahs, and it has a good spot for those who enjoy cricket, soaring and motocross (run by the Bloemfontein Off Road Club).

Clearly the town has much to offer in art, education or sport and in terms of property based on the diversity available as well as the demand for both homes and rental properties.  

Print Print
Top Articles
The days of Hermanus being just a small holiday town are 'no longer', and with good schools, an upbeat local economy and still well-priced property, it has a lot to offer...

Estates in Hoedspruit, Modimolle, Lydenburg and Bloemfontein offer serene African bushveld living, with stands selling from R200k and homes from R1.2m. Take a look...

South Africa's 'coolest mall' has been recognised as an innovative player in the retail space, hosting various events and delighting shoppers with over 300 stores...

Loading

Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.

For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.


Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724