In the area 2 - Roodepoort right on track

Roodepoort has weathered the recent property storm better than most areas and local experts are predicting a good 12 months ahead for the West Rand town.

Werner van Schalkwyk, principal of the local Chas Everitt International franchise, says that property values in Roodepoort have been comparatively resilient in recent months, thanks mostly to ongoing commercial development that has underpinned housing demand.

Current projects include commercial extensions to the existing MTN hub in Constantia Kloof and a new 5000sqm shopping centre being planned off Hendrik Potgieter Drive.

“Roodepoort has remained popular with both commercial and residential clients,” he says. “Due to its location and excellent facilities, there will always be a demand for property here if it is priced correctly. And now the more stable interest rate climate is beginning to boost buyer sentiment again.”

The area’s appeal is bolstered by a host of excellent shopping, entertainment, sporting, educational and medical facilities. Its ecological attributes include the Witwatersrand Botanical Gardens and the famous black eagles. Many homes also enjoy panoramic views of the Magaliesberg mountain range, and business logistics are made easy via the major highways that feed into the area.

“In addition, Roodepoort offers properties to suit just about every pocket, ranging from R295 000 sectional title homes to luxury mansions costing R3 and R4m. There are also many homes to rent, with a typical two-bedroom unit renting for

R2800 a month,” says Van Schalkwyk.

“In short, Roodepoort has great potential and we envisage a good year ahead. First-time buyers and investors in particular will be encouraged to buy if properties remain correctly priced and interest rates hopefully begin to drop.”

Article by: www.chaseveritt.com