Property360 - National Digital Magazine - 13 May 2022

M A Y

2 0 2 2

1

PROPERTY

360

1 3

PICTURE: HEIDI FIN/UNSPLASH

BRACING FOR AN INTEREST RATE HIKE PAGE 3

2

1 3

M A Y

2 0 2 2

HOME flipping can be profitable if done right PICTURE: CAL DAVID/PEXELS

Buy, fix, then sell for a profit There is money to be made – and satisfaction to be felt – by selling a property for much more than you paid for it but you need to know what you are doing.

BY BONNY FOURIE bronwyn.fourie@inl.co.za

B

UYING a property with the sole aim of renovating and immediately selling it for a higher price is a popular form of property investment which, although not new, has become more appealing in recent years thanks to a number of global reality shows.

And South Africans are getting in on the action. One of these is YouTuber Stephen Baron who recently made an almost R1 million profit flipping a Johannesburg house.

Although the concept sounds pretty straightforward, Andrea Tucker, director of MortgageMe, says you need to know what you are doing.

“Investing in a house in order to resell is a big decision and you need to go into it armed with as much information as possible, while keeping the risk/reward ratio at front of mind.”

Mike Greeff, chief executive of Greeff Christie’s International Real Estate, says purchasing a fixerupper has grown in popularity over recent years, with many buyers and investors looking to make a profit.

“These properties are not high on the list of desirability and can, in most cases, be bought at a fantastic price from an agency and a willing seller. Sellers of fixer-upper properties are aware their properties may be a difficult sell and will take this into consideration when deciding on a price for their home.”

Here is advice from the experts on how to successfully flip a property: 1 Set your budget The first step is knowing how much you can afford to invest.

You can find this out by getting pre-qualified through the services of a bond originator. This will give you a good idea of the home loan amount you qualify for.

Another factor to consider when doing your budget, Tucker says, is the “after repair value” (ARV) or the “70% rule” which, in the real estate world, is the estimated value of the property after it has been renovated.

“This allows you to build extra padding into your budget in case something goes wrong. So, you should pay 70% of the ARV of a property, minus the repairs that are needed.”

For example, if the ARV is R1m, and the property needs about R250 000 in repairs, she says you should not pay much more than R450 000 for that property.

“Keep this figure in mind when looking at properties and ensure you look within your budget.

“Also keep in mind that you’ll need approximately 8% of the value of the bond available to cover the expenses incurred in the process of taking on a home loan and for attorneys to transfer the property into your name.”

Craig Mott, Cape Town regional sales manager for the Rawson Property Group, says it is vital that buyers understand the renovation cost ballpark they are playing in before buying a fixer-upper.

“They should set budgets for individual items or sections of the home, such as setting a price per square metre for flooring, and then stick to it.

“It can be very easy to get emotionally caught up in a project and choose finishes with your heart and not your wallet.

“To make a profit on a fixer-

upper, the purchase price plus the total renovation cost needs to be low enough that you can recoup your investment – with a healthy profit – not too far down the line.”

If you are new to flipping houses, Mott says you should always consult a construction expert before buying. And when it comes to the work, ensure you have chosen a reliable contractor with contactable references.

He adds that you should assign a portion of your renovation budget to the garden.

Tucker agrees that you should look around for reliable and competent subcontractors in the form of builders, architects, electricians, plumbers, painters, handymen and landscapers and says you should get many quotes to compare prices.

“Contractors are great for any structural changes, like doors and windows, and they are knowledgeable on building regulations, but if you like you can appoint yourself as the main contractor and rely on professional input from your subcontractors.”

2 Choose the right area The most important factor when choosing a property, Tucker says, is its location.

“Look at the home’s proximity to good schools, retail areas and green spaces. Speak to a few estate agents in the suburbs that you’re looking at in order to understand who currently lives in this neighbourhood – for example singles, families or older couples.

“Use this information not only to guide your house hunting journey but help you decide what needs to be done to the house as a part of the flip.

If a house is in a bad

neighbourhood, an inconvenient position, or too close to an undesirable structure, like a cellphone tower or ugly apartment block, Mott says even the most spectacular renovation will struggle to see a favourable sale.

Good locations to look out for, he notes, are homes within popular school catchment areas, close to CBDs or in trendy neighbourhoods with access to freeways and other amenities. A north-facing aspect, mature trees and attractive views are a bonus.

“Just because an area is popular or trendy doesn’t mean you won’t find fixer-uppers on the market.

You often find elderly people moving out of up-and-coming suburbs who are selling homes that make perfect renovation projects.”

3 Choose the right house Finding the right property is vital to success as a poorly chosen project could cost more to renovate than could be recouped in a sale, Mott says.

“Buyers should spend time looking at what properties are available in their desired areas and study the markets thoroughly.”

However, having the ideal location doesn’t always make a property a good fixer-upper as, he says, a property must also have a sound structure to keep renovation costs down.

Homes with serious structural faults, such as unstable foundations or weathered roof beams, for example, can be expensive to repair.

“This is seldom worthwhile for buyers hoping to resell for a profit in the short to medium term. If you’re not sure about the structural condition of a property, I’d recommend an expert inspection. This is not the kind of issue you want to discover halfway through a renovation.”

Mott says a property’s layout must also be considered because it is a mistake to assume every design flaw can be solved by knocking down a few walls.

“If the kitchen or bathrooms are in a weird location or the bedrooms are all in the coldest, darkest part of the home, it’s going to be difficult to solve these problems in a cost-effective manner.”

Homes with convenient room “clusters” – a comfortable bedroom wing, a central kitchen, dining and living area, and logically placed entrances, garden access and bathrooms are recommended.

When looking for a house to flip, Tucker adds it is a good idea to find the worst house in the best area – in other words, an ugly house that only needs cosmetic changes to be transformed.

“Elements of a house that are relatively simple to transform include, floors, walls, roof, cabinets, counter tops and the garden.

“A fresh coat of paint has one of the highest returns on investment compared to any other home improvement. But be wary of anything structural that needs to be fixed as this is going to be costly and time consuming.”

Furthermore, when you start renovations and redecoration, put your own preferences aside and focus on current home trends, Tucker says.

“Kitchen and bathroom revamps can be costly but make the biggest impression on potential buyers... Look at improving the cabinets by replacing or repainting them and putting in long-lasting, easy to clean counters, fresh hardware, sinks, back splashes, warm and practical floors and efficient and eco-friendly lighting.”

She adds: “First impressions count, so put some money aside to create an appealing garden – minimalist, indigenous where possible, water-wise and low maintenance gardens are the current trend.

“If you have a green thumb, you can do this yourself or hire a landscaper if the budget allows.”

IOL BUSINESS

1 3

M A Y

2 0 2 2

THE PRIME lending rate is expected to increase next week, meaning homeowners will pay more on their bonds.

PICTURE: RODNAE PRODUCTION

Letter from the editor IT’S A scary thing being a homeowner who bought on the top of their budget when interest rates were the lowest they’ve been in decades.

As each interest rate increase is announced, and a few hundred rand is added to the bond repayment, it’s easy to become alarmed.

I mean, who doesn’t remember when interest rates were over 20% and many had to sell their homes in a rush.

Experts predict interest rates could be as high as 8.75 by the end of the year, coming from a low base of 7.

Believe me, homeowners are going to have to learn to tighten their purse strings quickly. Dreams of furnishing homes with amazing new decor are out the door as DIY and furniture fixer-uppers are the order of the day.

Rising food prices also mean what’s on the table for your family will have to be adjusted, and well, petrol prices mean you may have to walk more, where possible, and car pooling – dismissed as a greenie vibe in the past – will be a reality.

Tightening our belts is not a bad thing.

Having completely downsized my life, and being left with only what I need, it’s easy to see how much excess we actually live with.

However there are many who were already stretching themselves and families to the limit. Interest rates hikes will hit them the hardest.

But please don’t lose hope. Things are changing and we are constantly finding new ways of living and surviving that don’t quite fit in with what we have been taught is the measure of success.

Reach out: to your bank, to your family, to your place of employment, to friends, to your neighbours.

Pool together. This new era demands a new way of being in this world where sharing is truly caring.

Warm regards

Vivian Warby vivian.warby@inl.co.za

FIND US HERE: @iolproperty @iolproperty

@iolproperty.co.za

Get ready to tighten your belt a few notches Pay off your debts with the highest interest charges, move to a smaller home and budget for ongoing bond repayment hikes, experts advise

BY BONNY FOURIE bronwyn.fourie@inl.co.za

H

OMEOWNERS beware: your bond repayment is likely to increase again this month .

You will probably have to fork out more for your repayment as the prime lending rate is expected to increase again next week.

The current prime lending rate is 7.75%.

Next week, the Monetary Policy Committee (MPC) is expected to meet for the third time this year, and homeowners will find out whether their bond repayments are going to increase, decrease or stay the same.

However, John Loos, FNB property economist, says the prime lending rate will probably increase by 0.25%, taking it to 8%.

FNB predicts that the rate will increase by the same amount at each of the three meetings that will follow this month’s deliberations, ultimately making the prime lending rate 8.75% by the end of the year.

Homeowners are therefore advised to evaluate their finances to make sure they can afford the potential increases, says Adrian Goslett, regional director and chief executive of Re/Max of Southern Africa. He adds that at the previous MPC meeting, two members preferred a 0.5% rise in the repo rate while three were in favour of the 0.25% increase.

To play it safe, he recommends that homeowners check what their monthly repayments would be if interest rates were to rise by 0.5% points at the next meeting.

“There are various online calculators that can help homeowners work out the possible repayments on a home loan.”

Equipped with this information, homeowners can examine their budgets to find the necessary funds to afford the higher repayment amounts if interest rates increase.

“Being well prepared can mean the difference between being

financially secure and falling hopelessly behind on repayments,” Goslett says.

Knock-on effects Furthermore, he warns that, unless the accompanying interest rate charges on all other debts are fixed, these repayments will also increase should interest rates climb at the next MPC meeting.

“The disposable income for those who carry other forms of debt will shrink with every interest rate hike. My advice, especially for those who are paying off a home loan, is to funnel any extra cash towards those other debt repayments ahead of the coming announcement.”

He explains that, when deciding which debts to settle first, it is advisable to go for the debts with the highest accompanying interest rate charge.

“Things such as a car loan or personal loan will often carry far higher interest rate charges than a home loan, so it might make sense to try to pay off these debts as soon as possible.

“Moving to a smaller, more affordable, home might relieve the financial pressure and create a much less stressful home environment.”

Rising interest rates, lowered Covid restrictions and increasing expenses are a few of the factors influencing the property market, says Richard Gray, chief executive of Harcourts SA. “Over the past two years of the pandemic, the real estate industry experienced interesting trends which, for the most part, had a positive impact on the market.

Record interest rate lows, coupled with a major rise in demand by first-time buyers, translated into real estate companies reaching neverbefore-seen highs.”

But with normality settling in after changes to Covid the restrictions, the property market will

see heightened activity in regions that have been greatly impacted by the pandemic.

“We will see a heightened interest to join the industry, developments will gain momentum, and interest in diversifying portfolios will come back to light.

However, there will also be some negative effects, Gray adds.

“The interest rate will rise back to its pre-Covid range in the next two years and ever-rising fuel costs, causing an increase in all household expenses, will play a major part with regard to affordability.

“It is hard to ignore that consumers are tightening their belts and many are in a price pinch, impacting consumer confidence,” he says.

Although buyers might be a little more cautious, he says this does not mean they are not going to buy property.

“What we need to understand is that in an emerging market like South Africa, with huge economic growth potential, real estate will always be a fantastic investment avenue,” Gray says.

But it is not just their bond repayments that homeowners need to consider, says Kondi Nkosi, country head for Schroders in South Africa.

This is because, like the rest of the world, South Africa is experiencing inflation with the prices of food, fuel, electricity and many other items going up fast.

Consumer price inflation in this country is currently 5.9% year-onyear (March 2022).

“It hasn’t been this high since 2017 and has been rising steadily since a low of 2% in early 2020.

“Elsewhere, American consumers are paying 8.5% more today for everyday goods than a year ago.

That’s the highest rate of price increases in more than 40 years.

“In the UK, the year-on-year

increase in prices is at 6.2% – again the highest rate in decades.”

But what is inflation?

Nkosi explains that inflation describes a rise in prices.

Where official consumer inflation statistics are provided on a national basis, they are usually calculated by governments.

“They work out price changes by tracking a basket of commonlybought items. These will include food and drink; clothing and footwear; transport and energy costs, for example.”

He notes that there are other types of measures for inflation.

“Producer price inflation, for instance, tracks the prices manufacturers pay for the raw materials needed to make their goods. There are also measures for house price inflation and energy inflation.

“If the inflation rate is being reported as 5% year-on-year, it means that prices in general are 5% higher than they were this time last year.”

The most obvious danger of inflation, Nkosi says, is that if prices rise faster than incomes, people can afford to buy fewer goods and services. This can mean a fall in standards of living.

“In practice, inflation’s negative effects are more subtle, impacting different groups in different ways, and having a broader destabilising effect on societies.”

Recent research by Schroders looked back in history to see how stocks in certain sectors performed during periods of stagflation – which South Africa could face this year – when inflation is higher than average, but when economic growth is slowing. Nkosi says it concluded the best-performing stock market sectors during periods of stagflation were utilities, consumer staples and real estate.

DISCLAIMER: The publisher and editor of this magazine give no warranties, guarantees or assurances and make no representations regarding any goods or services advertised within this edition. Copyright ANA Publishing. All rights reserved. No portion of this publication may be reproduced in any form without prior written consent from ANA Publishing. The publishers are not responsible for any unsolicited material.

Publisher Vasantha Angamuthu vasantha@africannewsagency.com Executive editor IMS Wealth Vivian Warby vivian.warby@inl.co.za Features Writer Bonny Fourie bronwyn.fourie@inl.co.za Design Kim Stone kim.stone@inl.co.za

3

4

1 3

M A Y

2 0 2 2

P R O P E R T Y IF YOU sell before finding a new home you must have a plan for temporary living. PICTURE: Ketut Subiyanto/Pexels

N E W S

Lowveld estates attracting high interest

T

HE MPUMALANGA Lowveld has found increasing favour with home buyers from all over South Africa in the past two years and is home to four of the 10 wildlife estates recently named by New World Wealth as South Africa’s best.

“Over the past year especially, we have seen an increase in home purchases in most of the estates close to Nelspruit and White River,” says Ramona Grimbeeck, principal at Chas Everitt Lowveld.

“And while most buyers are local executives and professionals, a significant percentage are

people relocating from Gauteng and elsewhere in the country. They are being encouraged to move by the increasing trend towards remote work which, for many people, means they can move away from the big cities and run their companies or do their work from home, rather than having to go to an office every day.”

Luxury estates such as Leopard Creek, Mjejane, Likweti and Elephant Point, which are all on New World Wealth’s Top 10 list, are a big drawcard for high-end buyers keen to own homes in the world-famous wildlife zone close to the

Kruger National Park, and to be able to fly in and out via the KMI airport if necessary, she says.

“In addition, the area boasts some very sought-after schools.

“The subtropical lowveld climate is also excellent, especially for retirees, and most homes are only 30 to 40 minutes’ drive from a Kruger National Park entrance. As the capital of Mpumalanga, Nelspruit also houses most of the provincial government offices and employees, and also offers a good mix of property types and excellent value for money across the board.”

SELL YOUR HOME AS EQUITY FOR A NEW ONE SELLING your property before finding a new home will increase the chances of locking down your dream home when you find it.

However, it could also lead to a rushed decision to limit the amount of time spent in whichever temporary living situation you have set up, says Adrian Goslett, regional director and chief executive of Re/Max of Southern Africa.

This is why many choose to find a home first before listing their home to sell.

He explains: “For those who chose to sell after they have found their dream home, there will be a suspensive condition in your offer to purchase that states that the sale of the home will only go ahead once your property has been sold.

“In situations where there is more than one offer on the table, sellers may, therefore, choose to reject your offer in favour of a buyer who already has the necessary financing available.”

Those who are relying on the sale of their home to cover the bond registration fees and transfer duties as well are reminded that these costs must be paid upfront.

“To acquire the funds before the house has been sold, homeowners could set up a bridging finance option on their current home loan, which will be based on the equity available on the property, the seller’s credit record and the expected cash inflow.

When setting this up, keep in mind that there will be interest payable and administrative costs involved, so be sure to budget for these extra costs,” Goslett says.

Those who would like to streamline the process could choose to sell their home before placing an offer on a new home.

However, he advises homeowners to have a back-up plan for a temporary living situation to ensure they have a place to stay should they be unable to find a new home before they need to move out of their current property.

According to Re/Max of Southern Africa, possible temporary living options include: • Paying occupational rent to remain in your current home which you have already sold to avoid moving costs and the hassle of moving twice.

• Staying with a friend to avoid paying rent or as a more affordable rental solution. This does mean you will have to move more than once and you will also have to pay for a storage unit in which to keep your furniture.

• Finding a short-term rental. This includes the risk of not knowing how long you need to rent a space for, as well as moving costs and possible storage unit costs if you’re renting a smaller space that cannot accommodate all your furniture.

THE MPUMALANGA lowveld has found increasing favour with home buyers from all over South Africa and is less than an hour from the Kruger National Park. PICTURE: FALCO/PIXABAY

THE GOVERNMENT’S Flisp subsidy is aimed at closing the gap in the home buying market.

PICTURE: RODNAE PRODUCTIONS

This is what you need to know about the Flisp subsidy

THE GOVERNMENT-introduced Finance Linked Individual Subsidy Programme (Flisp) looks to close the gap in the home buying market and South African first-time home buyers are eligible to apply.

However, they need to have a single or joint gross monthly household income of between R3 501 and R22 000 to qualify, says Jackie Smith, head of product for ooba Group.

Flisp was first introduced in 2012, but the recent budget speech announcement by Minister of Human Settlements Mmamoloko Kubayi-Ngubane that it would be delinked as a “home-loan only” option, coupled with an increase in the annual tax-free threshold for persons under the age of 65 (from R87 300 to R91 250), is set to fast-track homeownership for many hopefuls.

“These announcements are welcomed by the affordable housing market, especially our qualifying customers. Ensuring that a subsidy is no longer dependent on a home loan is exactly what the market needs.

“The subsidy ranges from R27 690 to R121 626 for an existing home or a home

WINTER IS AS GOOD A TIME AS ANY TO SELL OR RENT YOUR PROPERTY

IT MIGHT be useful to highlight features which make the home cosy in winter and showcase sunny areas. PICTURE: MAX VAKHTBOVYCH/PEXELS

that still needs to be built (off-plan).

“In addition, homeowners who purchased their first home in the past 12 months can also apply, should they meet the criteria,” Smith explains.

She says those purchasing their first home and requiring a mortgage can work with ooba Group to determine their eligibility through a prequalification.

“Here, we check their credit score, make sure their paperwork is in order and determine what finance amount they will be approved for by the banks (and the government) prior to submitting the paperwork to the National Housing Finance Corporation.”

Qualifying criteria for Fisp are: • Proof of income.

• Proof of an approved home loan.

• Signed agreement of sale.

• A building contract and approved building plan (where applicable).

• A South African identity document.

• Identity documents for all occupants.

• A marriage certificate (where applicable).

AS PEOPLE who love the outdoors, South Africans are not terribly put off by winter when it comes to looking for their next home to buy or rent, says Samuel Seeff, chairperson of the group.

While there are seasonal trends and sales dips over the winter school holiday season in some areas, there is no overall trend, and each area differs. Some might even see higher sales over winter, depending on what is happening in the market and economy.

There are many compelling reasons for putting your house on the market over winter and just as many reasons why buyers and tenants will be looking over this time, says Seeff.

Preparing your home for the winter market The objective should always be to ensure buyers and tenants fall in love with the property from the outset by presenting it in the best possible condition.

“Get your maintenance and painting done now, especially if you live in the winter-rainfall areas, such as the Western Cape.

“Do not neglect the garden which must be clean, trimmed and neat. Ensure bins and any unsightly items are removed. Do not forget to clean and neaten outbuildings and garages.”

He says it might be useful to highlight features which make the home cosy in winter such as insulation, seals around doors and windows and specific heating fixtures such as fireplaces. Showcasing sunny areas or a sunroom is another good choice to highlight during winter.

1 3

M A Y

2 0 2 2

5

PICTURE: ARTUR VOZNENKO/UNSPLASH

National Listings

T O A D V E RT I S E I N K WA Z U L U - N ATA L Sherine Budhram

084 460 7295

sherine.budhram@inl.co.za

TO ADVERTISE IN WESTERN CAPE Abigail Wilmot

083 212 1141

abigail.wilmot@inl.co.za

TO ADVERTISE IN GAUTENG Antoinette Gilbert 083 793 5382

antoinette.gilbert@inl.co.za

6

1 3

M A Y

2 0 2 2

KLOOF / PADFIELD PARK LIVE THE LIFE YOU'VE IMAGINED

FROM R1 550 000 NO TRANSFER DUTY

JUST LAUNCHED OVER

50% SOLD

NEWLY BUILT 2 & 3 BED SECTIONAL TITLE HOMES KZN's Premier Over 50s Lifestyle Estate With over 50% of the estate now sold out, Greenhaven Estate recently launched 63 new sectional title opportunities in two new development phases. Available in six different size and layout design options, these spacious two and three-bedroom single-level units, feature contemporary country-style architecture, and a selection of modern finishes.

From 24-hour security, natural wetlands, a Care Centre with assisted living facilities, and a clubhouse with a resort swimming pool, bowling green, gym, bar, and restaurant - Greenhaven Estate offers you a secure leisure lifestyle with everything you could ever possibly need right on your doorstep.

LEISURE LIFESTYLE ESTATE FOR OVER 50s

BOOK AN ESTATE TOUR / CALL 079 046 1441 / GREENHAVENESTATE.CO.ZA

1 3

M A Y

2 0 2 2

7

8

1 3

M A Y

2 0 2 2

Steenberg Green, Zwaanswyk Road, Tokai, Cape Town is poised to become the ultimate residential address for those who wants to live a lifestyle that offers endless opportunities. It is time to discover an estate unlike any other and a home beyond compare. With only 10 luxury homes on the estate, residents will experience an ultra-exclusive secure lifestyle offering.

Price from R16.9 Million (VAT Incl. - No Transfer Duty)

1 3

M A Y

2 0 2 2

WELCOME TO THE MARLO

20 Luxury Apartments Now Selling from R3.7 Million

(VAT INCL. NO TRANSFER DUTY)

Rising from one of the last remaining development sites along the Atlantic Seaboard is THE MARLO. Between the highly prized platinum belts of High Level Road and Ocean View Drive, you’ll discover this exclusive 4 storey, 20 unit residence. With uninhibited, secured ocean views across living areas and bedrooms you can watch the Atlantic fade into the horizon.

Prime Location Above High Level Rd Sea Point | Cape Town

The depictions herein are for illustrative purposes only and are subject to change without notice.

UNIQUE SUBTERRANEAN FEATURES INCLUDE

Lloyd Evans lloyd@dogongroup.com +27 (0) 84 945 5118 Natacha Neuburger natacha@dogongroup.com +27 (0) 83 449 9933 CONTACT US

� Spectacular Roof Deck with Pool, Yoga Zone, Braai Area and Great Tanning Deck � Gym � Snooker and Games Room � Co – Working Space � Doggy Zone � Board Room and Wine Cellar

9

10

1 3

M A Y

2 0 2 2

RHONDA RAAD PROPERTIES We specialise in the Sales and Rentals of residential property in the Southern Suburbs and Surrounds.

Contact us today for all your Buying, Selling and Rental needs on 082 448 7795 / 021 685 2212.

CONTACT US NOW: 082 448 7795

WHITEHALL COURT R1,35MILLION MILLION RONDEBOSCH R1,95 R1, 5 MILLION MILLION RONDEBOSCH RONDEBOSCH R5,3 CLAREMONTHEIGHTS UPPER R2,1 MILLION RONDEBOSCH RONDEBOSCH R2,5 MILLION CAVENDISH R2,395 ON SHOW Sunday 2 – 5 pm Cathay View, 12 Devonshire Hill Road, Rondebosch

ON SHOW SUNDAY 2-5PM

Small Security Complex.

Two Spacious Security Complex Ecklenberg in pretty garden Delightful North-Facing Three Bedroomed, Bedroomed Apartment with lounge setting.

Spacious Three Bedroomed Apartment Two Bathroomed Apartment (126m²) leading to large Balcony.

Fitted Kitchen with Lounge & Dining Room.

Fitted (200m²) with Stunning Mountain Views. *Kitchen, & Full Room, Bathroom. *Parking Bay. Kitchen.*Communal Garden. *Garage.

Dining Sun Room, Two Full Bathrooms, Close to Street Shops, Restaurant *Walk to Dean Rondebosch Boys Prep & High TV Lounge & Laundry Room. *Tandem Garage. and Jammie Stop.

Schools andShuttle Groote Schuur Primary! *Close to Shops & Transport.

*Cavendish Heights, 233 Main Road. Enter in WIlderness Road.

Small Security Complex above the Main Charming Two Bedroomed Apartment (95m²) Road.Fitted LargeKitchen modernised with open Bachelor to Dining Room / converted One Bedroomed Lounge andto Balcony with views. Apartment Full Bathroom (46m²) Kitchenette, and Sepwith Toilet. **Covered Built-in ParkingCupboards Bay. **Walk andKingsbury Balcony. Shower Walk to to Hospital,Bathroom.

Library, Restaurants, UCT, Jammie Shuttle, & Transport.

Jammie Shuttle, Shops Shops and Transport!

ON SHOW SUNDAY 2-5PM

*Woodlands, 5 Highstead Road, Rondebosch.

Spacious Two Spacious Three Bedroomed Apartment Spacious North-Facing North-Facing TwoBedroomed Bedroomed Apartment with and Balcony with (123m²) above the Main Road in pretty Apartment with Lounge Lounge and Balcony with Mountainsetting.

Views.Bathroom Bathroom withShower Shower Mountain Views. garden Fitted with Kitchen and over Bath.

Bath. Fitted Fitted Kitchen. *Garage. *Walk Bathroom. *Parking Bay.*Garage.

Walk to*Walk UCT, over Kitchen. to Shopping Shopping Centres, Restaurants, UCT Jammie Shuttle, Main Road Shops & to Centres, Restaurants, UCT and Transport.

Transport. and Transport.

Above Main Road! Two Bedroomed, Two Security Complex above Main Road.

Large Large One Bedroomed pied-à-terre Apartment Bathroomed Duplex Apartment (91m².) with andApartment Balcony (127m²) & Stunning Three Lounge Bedroomed Fitted Kitchen opens toFitted Lounge and Balcony.

Mountain Views.

24HR Security Shareblock with mountain views.

Kitchen and **Two Undercover ParkingShower Bays.**Walk to Complex.

Fitted Kitchen.

Bathroom.

Lounge with Balcony. *Plus Garage. *Close UCT, Baxter**Catering Theatre, Shopping Centres and **Garage. & Cleaning Services. to UCT,toSchools, ShopsTheatre and Transport.

Transport. **Buy Baxter Now! **Walk Shops, and Library!

CONTACT: RHONDA C: 448 082 7795 448 7795 0212212 685 2212 E: rrpsales@mweb.co.za / www.rhondaraadproperties.co.za CONTACT: RHONDA C: 082 T: 021T:685 E: RRPSALES@MWEB.CO.ZA / WWW.RHONDARAADPROPERTIES.CO.ZA

HOME LOANS Now is the time to find out how much you qualify for as the repo rate is at a record low.

Celestine is always available to take your call and guide you through the process from application through to registration. She will pre-qualify you for a home loan before you start house hunting.

A pre-approval is very useful when house hunting as it helps the agent narrow down which properties to show you and not waste unnecessary time.

Complete one application and she will apply to all 4 major banks and negotiate the best interest rate on your behalf.

Call her for quick and efficient service Please feel free to contact Celestine at any time on 084 559 1786 | celestine@property360.co.za

www.iolproperty.co.za

1 3

M A Y

2 0 2 2

11

ONLINE AUCTION OF COMPLETE MEAT PROCESSING PLANT, PROPERTY AND REFRIGERATED TRUCKS AND LIGHT DELIVERY VEHICLES ON A PIECEMEAL BASIS: PIET RETIEF / PIETERMARITZBURG Duly instructed by the Prov. Liquidators of Farm 2 U Pty Ltd, Master's Ref.: N000073/2022

BIDDING OPENS TUESDAY, 31ST MAY 2022 AT 12 NOON & CLOSES FROM 12 NOON THURSDAY, 2ND JUNE 2022 Bid online via our APP https://bidlive.maskell.co.za Viewing : Property, Butchery equipment and other movable assets – 3 Salinga Road, Piet Retief, Mpumalanga: 17th – 19th May 2022 from 9am to 3pm Viewing : Trucks and LDV – 47 Ohrtmann Road Willowton, Pietermaritzburg: 24th – 26th May 2022 from 9am to 3pm

Property Contact Danielle 082 801 6827 / danielle@maskell.co.za • Movables contact Ian 072 616 1304 / 033 397 1190 • Buyer’s card deposits strictly via EFT payments: R30,000.00 for vehicles, R10,000.00 for movables & R50,000.00 for property • FICA to be provided • “Above subject to change without prior notice • Sale subject to confirmation (E&OE)

12

1 3

M A Y

2 0 2 2

1 3

2 0 2 2

360

DOGON GROUP PROPERTIES Atlantic Seaboard Office 021 433 2580 thekings@dogongroup.com www.dogongroup.com

RHONDA RAAD PROPERTIES Cape Town Office 082 448 7795 Email: rrpsales@mweb.co.za www.rhondaraadproperties.co.za

SHELLEY RESIDENTIAL KZN Office 082 412 4463 Email: hello@shelley.co.za www.shelley.co.za

DOGON GROUP RENTALS Sea Point Office 021 433 2580 enquiries@dogongroup.com www.dogongroup.com

THE WOODLAND Umhlanga Office 081 281 3960 Email: info@woodland.co.za www.woodland.co.za

BALWIN PROPERTIES Ballito Office 084 788 1020 Email: michelle@balwin.co.za www.balwin.co.za

DOGON GROUP PROPERTIES Southern Suburbs, Claremont Office 021 671 0258

PETER MASKELL AUCTIONEERS KZN Office: 033 397 1190 Email: info@maskell.co.za www.bidlive.maskell.co.za

NOBLE RESORTS CAPE TOWN 010 612 6060 sales@nobleresorts.co.za www.nobleresorts.co.za

VAN’S AUCTIONEERS Gauteng Office 086 111 8267 www.vansauctions.co.za

WIDENHAM RETIREMENT VILLAGE South Coast, KZN 066 306 0669 / 066 306 0612 www.hibiscusrv.co.za

southernsuburbs@dogongroup.com

www.dogongroup.com

DOGON GROUP PROPERTIES Western Seaboard Office: 021 556 5600 or 021 433 2580 enquiries@dogongroup.com www.dogongroup.com

www.iolproperty.co.za

13

PROPERTY

A G E N T S ’ D I R E C T O R Y

M A Y

www.widenhamretirementvillage.co.za

14

1 3

M A Y

2 0 2 2

Have you discovered these digital magazines yet?

Click here to read our magazines now.

To receive all our FREE digital magazines directly to your mailbox, email iol.magazines@inl. co.za with the word Digital.

Advertising Sales queries: Charl Reineke | charl.reineke@inl.co.za