Pretoria and Brits smallholdings popular
smallholdings in the Pretoria/Brits corridor have found favour among property
buyers who prefer rural lifestyles, thanks to the improved accessibility
brought about by the Bakwena highway.
Len Bornman of RealNet Plotte & Plase says the highway has had a major impact on property sales in the area. Residents can now reach Pretoria in about 15 minutes and Johannesburg in less than an hour, which makes it viable for them to commute to city jobs.
De Wildt, bordering on Brits, has become a favourite area for two reasons. In the first place, says Bornman, the setting among mountains and kloofs still affords space for game such as kudu and leopard, giving residents the quintessential Africa experience within easy access of bustling metropoles. The area is also known for horse breeding, particularly Arab horses that find a ready market in Dubai.
The second reason is that agricultural land closer to Pretoria is increasingly being targeted by investors and developers in preparation for future higher-density development, with the result that lifestyle buyers must target properties further away from the urban edge.
Investors are particularly active in Heatherdale on the border of Pretoria North and tracts of undeveloped land currently sell at prices of between R2m and R2,5m/ha.
Developers have also started establishing security estates among smallholdings to cater for buyers who want the lifestyle without the responsibility for the upkeep of extensive grounds.
Undeveloped land in Andeon, slightly further away from the Pretoria border, is selling from around R1,5m for plots of 8ha.
Prices in De Wildt start at around R1,5m for 5ha holdings with a dwelling while top properties in the upmarket Patryshoek near Heatherdale sell at around R5m for 2ha properties with large and comfortable homes.
Small farms of about 50ha in the Vissershoek area near Brits sell at prices of around R8m.
Article from: www.realnet.co.za