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.

First-time buyers are finding great value in Pretoria North

04 Dec 2018

A growing number of first-time home buyers are finding value in Gauteng’s Pretoria North area, with an estimated 42.5% of all buyers over the last 12 months aged between 18 and 35.

This 91sqm two bedroom, one bathroom apartment in Queenswood, Pretoria, has a sunroom that can be converted into an additional bedroom, as well as two garages. It is on the market for R815 000 - click here to view.

Nick Van Dyk, Adrienne Hersch Properties Pretoria Branch Manager, says the area offers first-time buyers affordable, quality and easily-accessible homes.

He says from a pricing perspective, it is easier for young professionals and young families to enter the property market in Pretoria North as opposed to the more affluent suburbs in Pretoria East.

“We generally find that once these first-time homeowners mature, and their income and professions become more secure, they relocate to the ‘East’.”

This two bedroom, two bathroom home in The Orchards in Akasia, Pretoria, is close to amenities and schools. It is on the market for R700 000 - click here to view.

Nick says apartments are the most popular property type in the area, with an estimated 90 apartments being sold in the area this year as opposed to an estimated 43 freestanding homes.

He adds that buyers are drawn to the area’s proximity to major arterials, including the N4 and N1 highways, enabling quick access to a host of areas as well as the Pretoria CBD.

One bedroom apartments range from R400 000 to R600 000, two bedroom apartments sell for between R580 000 to R1.1 million, while a three bedroom townhouse ranges between R 1.1 million and R 1.6 million. Freestanding houses sell for between R 1.3 million and R 2.2 million.

He says with rentals in the area soaring over the past six months, Pretoria North has also emerged as a hotspot for investors looking to make strong returns.

Print Print
Top Articles
Residential estates are bucking the downward trend in the property market by consistently attracting buyers, and a top school is often the clincher. Here's where to buy...

Any serious investor should regard meaningful exposure to listed real estate as a must-have, with SA REITs delivering the highest compound annual growth rate over five years.

Rental growth in September beat inflation for the time since early 2018 and the Western Cape is still the most expensive province to rent in, while women spend 33% of their income...

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