Welkom in the Free State is an ideal location for retirees looking for affordable homes and a peaceful lifestyle, according to Brendon Calldo, principal of the local RealNet franchise in town.
“Welkom offers incredible value for retirees wishing to bring down their living costs and enjoy a safe, friendly and less frantic environment,” he said. “It is possible to sell one’s large home in Johannesburg, Pretoria or Bloemfontein and purchase a retirement house or townhouse here with plenty of money to spare. Finding a house for less than R1m is difficult in most other cities around the country, but we still have such properties in abundance, even though prices are rising now.”
Two-bedroom homes start from R410,000, R580,000 for three-bedroom homes and four-bedroom homes go for about R820,000.
“In suburbs such as Flamingo Park and Riebeeckstad, we currently have several good-quality three-bedroom, two-bathroom homes listed for between R600,000 and R750,000, while at the top-end of the market, we have four-bedroom executive homes in St Helena, Dagbreek and Jim Fouche Park listed for between R2,1m and R2,9m.”
For those who would prefer an apartment or townhouse, three-bedroom options are available at prices from around R500,000, while one- and two-bedroom options, which are also attractive to buy-to-let investors, start at around R200,000.
Calldo said the town has many houses at prices from as little as R250,000 which, with an upgrade, can become excellent investments.
Welkom has two private hospitals, Mediclinic Welkom and St Helena Hospital, and is only 90 minutes from the Universitas Academic Hospital in Bloemfontein. It also has several retirement villages with frail-care facilities.
For the more adventurous early retiree or entrepreneur looking for a good local business opportunity, RealNet is currently marketing a 673ha nature reserve and game farm for R11,35m.
“Located between Welkom and Kroonstad, this is registered with the Tourism Grading Council as a three-star private game reserve and is well known for its camping facilities and as a wedding venue with its own chapel,” said Calldo.