Estate Living Magazine Estate Living Issue 28 April | Page 18

In northern Pretoria, Sencon Een’s Newstead in Menlo Park
offers double-storey and single-storey ground floor homes
and one-bedroom flats priced from around R 1.5 million
to R 2.42 million. The new complex is near major access
roads, the N1, shopping centres, restaurants, schools and
the University of Pretoria campus.
Like most other aspiring property owners, buyers within
the R 1.5 million to R 2 million are after convenience and
mixed-used spaces, says Stopforth. “They are looking for
the latest in technology, connectivity and security.
“Increasingly, mixed-use precincts are offering all these
benefits,” he says. “We see many investors and first-time
buyers opting for mixed-use developments, where you can
live, work and play in the same precinct.”
Rental yields
Amdec’s One on Whiteley at Melrose Arch is drawing attention,
despite prices being a little higher – with apartments selling
from just below R 2 million. “Located within Melrose Arch, each
apartment offers urban living, ideal for working professionals
and corporate long-stay tenants, affording investors excellent
rental yields and capital growth.”
Modern finishes and a sense of space are important too,
says Combrinck. “Our apartment schemes at Sitari offer two-
Despite his confidence in the sub-R2m property market, Seeff
notes that this segment is susceptible to financial strain. “Most
buyers in this market are reliant on home loans. Qualification
is an issue, he says, referring to consumers being hit by the
increasing cost of living and a subdued economic climate.
“Getting the cash together for a deposit and transaction costs
is also a challenge to this market.”
Miriam Mannak
bedroom units with one or two bathrooms, as well as three-
bedroom and two-bathroom ground floor apartments with
exclusive gardens that feel like homes. All feature high-quality
finishes and include Smeg or Miele ovens, and Grohe taps.”
The price range is from R 1.2 million to R 2.3 million.
Mixed use
Pam Golding’s The Regency in Menlyn, northern Pretoria, is
another good example of a mixed-use development that caters
for homeowners in the R 1.5 million to R 2 million price range.
Once completed in March 2018, the complex – which offers
units priced between R 1.2 million and R 2.8 million – will boast
a swimming pool, gym, restaurant, and shuttle services to the
Gautrain Station and Menlyn Park Shopping Centre.
18 | www.estate-living.com
“There is a pool of
buyers desperate to
find homes in this
price range”
Kim Woods, brand manager,
Tyson Properties Durban