Residential property in the Kuils River and Eerste River precincts is today more sought after than ever before.
This three bedroom house in Bosman Estate, Kuils River, offers an enclosed patio, indoor braai and borehole with pump. It is on the market for R1.62 million - click here to view.This is according to Noelene Synder, the Rawson Property Group’s franchisee for this area, who says she will by the end of this year have raised her turnover by 40 percent and will be employing 12 agents. “The big surprise is that people have been buying steadily throughout the winter. Traditionally, the market at this time goes flat, but this winter we have been selling 15 to 20 homes per month.”
She says from the buyer’s viewpoint it is a good idea to hunt for a home in winter because leaks, damp spots and poor drainage, both internally and externally, are more likely to be evident in the wet months.
Demand for homes at Kuils River is strongest in the R750 000 to R1 million bracket, but there is almost the same number of buyers trying to buy homes with values of R500 000 to R700 000. This means that the fastest selling areas today are Kuils River Central, Mabille Park, De Kuilen and Sarepta for the more expensive homes and Forest Heights and parts of Eerste River for the less expensive homes.
This three bedroom house in Silver Oaks, Kuils River, has an open plan lounge and outside braai. It is priced at R1.05 million - click here to view.Synder says for those looking to pay in the R350 000 to R500 000 bracket, the area has homes in this price band in certain parts of Sarepta, Highbury Park, Sunbird Park and sections of Eerste River. There is, therefore, a wide range of prices available at the lower end of the property market throughout Kuils River.
The good news, from a buyer’s viewpoint is that there has been sufficient stock on the market to keep prices from rising fast and thus far they have remained fairly stable.
The bad news is that a high percentage of potential buyers in the Kuils River precinct tend not to qualify for bonds until they have been coached and mentored by a good agent, a process which can take time.
Asked if the upper bracket market is flourishing as well, Snyder says the well managed, ultra-sophisticated Zevenwacht Estate has bucked every trend and, with stand prices at R4 million to R6 million, is a phenomenal success.
This two bedroom house in Vredelust, Kuils River, has an open living area and an alarm system. It is priced at R739 000 - click here to view.Elsewhere in the district any property over R1.1 million tends to stick on the market for a considerable time, with the result that some excellent buys still await those looking for a bargain. For example, this franchise is marketing a smallholding in the attractive, rural Penhill Estate which is ideal for horse lovers (and even has smallholdings with sheep) for a reasonable price. In other parts of the Greater Cape Town area, properties of this kind would be selling at well over R3 million.
Snyder says if, as is often said, residential property buyers want to ensure that they get in ‘on the ground floor’ when the market is rising, Kuils River is the area which they should be investigating, especially if they are investing to rent, because rents at the moment are rising by 10 percent per annum.
