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 The
prestigious Silver Lakes residential estate on the eastern outskirts of
Pretoria is once again recording strong sales.
Linda Bodenstein of leading local agency RealNet Silver Lakes reports
that up to 24 transactions a month have been taking place since October
as buyer interest in the estate grows.
“Security is of course one of the main attractions. The estate was
recently placed first countrywide in the security stakes, and the lifestyle
made possible by secure living finds great favour in the market. It has
given rise to a strong sense of community with several activities arranged
for residents throughout the year. It creates the atmosphere of a small
town right on the doorstep of a large metropole,” she says.
“Commercial development in the vicinity has also boosted the estate’s
appeal. In the early days Silver Lakes was on the urban edge but now several
top shopping facilities are easily accessible without intruding on the
rural character of the estate itself.”
Bodenstein adds that large, undeveloped stands facing the estate’s
green belt, which is reserved for natural vegetation and a variety of
antelope, are increasingly catching the eye of investors.
“This section of the estate is reminiscent of a game farm and stands
are much larger than in the rest of the development. Prices of undeveloped
stands range between R780 000 and R5m for units of between 1300sqm and
2800sqm and represent a solid investment opportunity. Only 25 of these
stands are still available and interest among investors has increased
noticeably.”
Bodenstein says about 30 homes have already been completed in this part
of the estate and that the architectural style favoured by most owners
reinforces the rural character. “Homes are primarily built in the
so-called farm style, which blends in well with the surroundings.”
The green belt is home to a wide variety of birds, including waterfowl
attracted by the large lake, as well as game such as kudu, nyala, springbuck,
impala and zebras. The bird hide overlooking the lake is a popular spot
for sundowners among residents, while walking trails provide the opportunity
to get in touch with unspoilt nature.
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Newsletter:
27 August 2010 to 03 September 2010 - Focus on Potchefstroom, North West, South Africa
