Trevor Sturgess, Seeff’s MD in Kibler Park says this area offers fantastic value for money, while good growth on investments is also experienced.
“2019 certainly started with a bang in Johannesburg South. We have seen a lot of buyer’ interest and have taken a number of offers already. Properties listed at R1.2 million are most in demand”.
Sturgess continues that in this market buyers realise that property prices are very often negotiable and they will click on properties slightly higher than they can afford with the hope that there is room to negotiate the asking price.
“Another trend in Kibler Park at the moment is that prices per square meter are much higher in the newer areas of Alveda Park - which were originally built around 13 years ago by affordable home developers - than in Kibler Park that is around 45 years old.
Even though properties in Alveda Park are often only 350 square metres compared to the 1,000m2 stands in Kibler Park literally across the road, the prices are not that different.
The newer, smaller homes are selling for R800 000 to R1 million while the older homes on much bigger stands are selling for R1 million to R1 250 million. Even large big double storey homes are on sale in the older area of Kibler Park for under R1.5 million”.
Sturgess says that buyers in Kibler Park and Alveda Park are mostly the emerging middle class consisting of qualified people who often work for the City of Johannesburg (the CBD is only a 15 minute drive) or at one of the banks or government departments.
“While Alveda Park started as an affordable homes area, it has now become a high demand area as owners have built on and modernised their homes.
The other suburbs included under the Seeff Kibler Park license include the ever popular Meredale and Alan Manor with price ranges between R515 000 and R1.950 million as well as the exclusive and beautiful Kibler Heights where property is priced from R1.2 million to R2 million.
The plots in Eikenhof (ranging in price between R1.3 million and R2.5 million), Tedderfield (also R1.3 million to R2.5 million) and the incredibly sought after, Eye of Africa where property start at just over R2 million and can go up all the way to R20 Million are also taken care of by Seeff Kibler Park.
Pic attached
– This three bedroom townhouse in The Eye of Africa is listed for R3 450 million.
https://www.seeff.com/results/residential/for-sale/eikenhof/eye-of-africa-estate/house/29980/
Author: Tanya van Buuren Botma, 25 March 2019, Area Focus