Centurion consists of about 40 suburbs and includes five golf estates, around 40 upmarket security estates, smallholdings and numerous security complexes.
Areas like Eco Park in Highveld and Heuwelsig Estate in Monavoni sell within six weeks (42 days) of listing when they are priced correctly. Property in both these areas range between R800,000 and R2,5m, according to Steve van Wyk, Seeff’s MD in Centurion.
“First-time home buyers in Centurion can find lock up-and-go units in newish complexes that are located close to important roads and the Gautrain Station and priced for between R700,000 to R1,5m.
“Areas like Celtisdal, Eco Park Estate, Heuwelsig Estate and Kosmosdal are also attractive options to first-time home buyers and are more affordable than the older areas.
“Die Hoewes is also very popular and offers around 6,300 sectional title units ranging in price from a very affordable R545,000 to about R2,4m, with an average price of R750,000.”
Approximately 500 units are sold in Die Hoewes annually and 38% of the buyers are younger than 35. The appeal to first-time buyers includes affordability and the lock-up-and-go units close to major highways, the Gautrain Station and all facilities in Centurion.
Van Wyk adds that about 30% of property in Centurion is located in 60 security estates and that the demand for estate living here is exceptionally high because of the security factor, better resale value in general and the walking path areas, play areas, schools, pools, restaurants etc. many estates have to offer.
“While there are very expensive estates like Cornwall Hill where homes are priced up to R30m, there are options in every price range and homes in some estates are priced from as low as R1,5m,” said van Wyk.
Rental options in Centurion
The most popular rental price range is from R5,000 to about R8,000 for a one- or two-bedroom apartment. In this price range a number of developers have built multi-storeyed blocks of apartments and to get the units let they are offering huge discounts and various incentives.
“Outside of this price range rentals are also strong and annual increases average out at about 5.5%,” said van Wyk. “There has been a big demand for rental accommodation as it has become more difficult to qualify for a bond.
Top photo: This three-bedroom and three-bathroom home in Zwartkop Golf estate is listed for R3,450,000