In the area 3 – Pretoria's Moot

Easy access to Pretoria’s city centre and a network of highways to the east of the city are making homebuyers look anew at the central Moot area, which encompasses suburbs such as Villieria, Rietfontein and Gezina.

And Lynda Castelyn of the local RealNet office reports that strong demand for housing is leading to densification as owners subdivide the typically large Moot properties. “Most stands are larger than 1000sqm and most of the original homes were built close to the street front, which facilitates easy subdivision,” she says.

Owners typically build a second home or duets for sale or rental income. Restoration and modernising of existing homes are also prevalent, which is giving the area a more updated look.

“Properties in the Moot are popular among younger buyers and we are also seeing former residents who had moved to other areas returning, because the Moot has less traffic congestion.”

She adds that existing infrastructure accommodates the increasing densification.

“We further expect Moot suburbs such as Rietondale and Queenswood to become even more sought after once the Department of Foreign Affairs’ new building on nearby Soutpansberg Road is completed as this will house thousands of civil servants who would like to live closer to work.”

Basic three-bedroom Moot homes selling at prices of between R600 000 and R750 000 are popular among young buyers, while one-bedroom flats also find ready buyers at prices from R300 000.

Newly-built units on subdivisions sell at around R1m, while top properties in Waverley, Rietondale and Riviera reach prices of up to R3m. Castelyn says homes on the two ridges framing the Moot offer panoramic views, which add a considerable percentage to their prices.

Article by: www.realnet.co.za