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Sought-after Featherbrooke estate

26 Nov 2014

Despite serious stock shortages, the last few months have seen a further rise in home sales at Featherbrooke, the residential precinct that lies some 40 to 50 kilometres west of Johannesburg’s CBD.

A garden view of a three bedroom home in Chancliff Ridge, Krugersdorp, on the market for R1.32 million - click here to view.

The area includes, within its boundaries, Featherbrooke Estate, Homes Haven, Pinehaven, Chancliff, Rangeview, Noordheuwel, Kenmare, Breaunanda and Silverfields.

According to Joy Pienaar, the Rawson Property Group’s franchisee for this area, in the upmarket Featherbrooke Estate, which has some 1 200 homes in all, prices have risen to the point where sectional title units cost R2 million to R3 million, while freestanding homes can fetch anything from R2.5 million to R9 million or R10 million.

“The Featherbrooke Estate benefits from having facilities, such as a clubhouse with a restaurant and bar and squash and tennis courts. It also has a skate park, cricket net, soccer field and a netball practice area.”

The estate is surrounded by security fencing, the entrances are guarded and patrols operate on a 24/7 basis. As a result of these measures and the general attraction of the estate, prices have, in the last year, risen slightly higher than those of its surrounding areas, says Pienaar.

This three bedroom home in Homes Haven Ext 23, Krugersdorp, offers a study, TV room, wooden floors and built-in braai. It is selling for R2.45 million - click here to view.

On what Pienaar refers to as the mountaintop, which is the higher ground above the low lying estate precinct, prices have also risen, but here they are much more in line with the middle-class buyers’ bracket.

Sectional title units are pitched from R500 000 to R1.5 million and freestanding homes from R900 000 to R3 million. The average freestanding home sells at R1.2 million to R1.5 million, and therefore represents good value in comparison with other areas in Gauteng.

Pienaar says although there have been predictions of a bubble burst and a drop in demand in Gauteng properties, there has to date been no signs of this in her area, and the high demand conditions seem destined to continue for at least another year.

“However the market performs from here on forward, and at the moment it is true that an investment in any property in the Featherbrooke Estate and surrounding areas is likely to show excellent capital growth.”

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