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West Rand’s ‘family friendly’ Little Falls a property hotspot

15 Jun 2017

The excellent pricing, stunning country location and mix of affordable property, especially sectional titles, is driving demand for the suburb of Little Falls in Roodepoort.

This modern three bedroom, two bathroom home for sale in Little Falls is situated on a 1 110sqm erf, and has a double-automated garage and swimming pool. It is on the market for R2.15 million - click here to view.

This is according to Faith Matope, area specialist and estate agent for Seeff, who says in addition to the sought-after full title sector that comprises of 726 properties, there are 792 sectional tittles and a further 317 located in estates.

Matope says sectional tittle properties in the R550 000 to R1.3 million range are currently enjoying a surge in popularity due to ongoing market influences. She says this type of housing stock is perfectly suited for first-time buyers, investors and young professionals relocating to Gauteng for work, and when priced right, these properties do not take long to sell.

According to Matope, freehold properties start at a price point of around R1.3 million and can range to about R3.5 million, on average, and offer a wide range of lifestyle choices to consumers.

At the luxury end of the scale, the value can be excellent and properties above R3.5 million are seldom found unless they have sellers with unrealistic expectations or if it is an issue of overcapitalisation.

This three bedroom, two bathroom apartment in Little Falls has open-plan living areas leading out to a covered patio overlooking the well-maintained private garden. It is on the market for R1.375 million - click here to view.

Matope says Little Falls has a “stunning location and offers an excellent lifestyle for young and old, and is especially family friendly”. It is a bustling suburb with a vibrant energy, and most homeowners are in the 36 to 55 years demographic. Older residents with big properties are tending to downscale to estates and retirement villages.

She says new schools are popping to meet the increasing demand for quality education. There has been a security drive in the area with security cameras being installed on the major roads of Little Falls and local security companies are now patrolling 24/7, making it a secure suburb.

Motope says the market has now tipped towards the buyer’s advantage as available stock outnumbers qualified buyers. A challenge for the market, however, is that sellers are still holding out for high prices and this could start costing sales in the end, she adds.

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