Neighbourhood 22 SEPTEMBER 2019
PROPERTY & LIFESTYLE
Award-winning lifestyle Inland lagoon living with everything it has to offer, coupled with a wide variety of leisure activities, is a reality in the secure Blyde Riverwalk Estate in Pretoria East, page 8
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SUBURB FOCUS: PRETORIA’S OLD EAST
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PROPERTY NEWS
22 SEPTEMBER 2019
Neighbourhood
Suburb focus
Newlands, Waterkloof Glen, Erasmusrand, Constantia Park With their prevailing quiet and restful look and feel, these Old East Pretoria suburbs located on the doorstep of the city’s trendiest new economic and entertainment hubs, offer the best of both worlds WORDS: BETSIE LOOCK-VAN DER MERWE
*Map not to scale
IMAGES: RENE WALKER & GOOGLE MAPS
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he Pretoria East suburbs of Constantia Park, Newlands, Waterkloof Glen and Erasmusrand offer residents an appealing, well-established environment to call home, all within easy access of the city’s hottest developments like Menlyn Maine and Menlyn Park. Newlands, Waterkloof Glen and Constantia Park are adjoining suburbs lying southeast of Menlyn alongside Garsfontein Road (northern border) with Constantia Park forming the combined area’s eastern border with January Masilela (previously Hans Strijdom) Road. With the N1-highway as their western border, this trio of neighbourhoods couldn’t boast a more accessible and central location. Erasmusrand extends a little further west of Rigel Avenue off-ramp opposite the Armscor premises and the historical Erasmus Castle overlooking the N1. Erasmusrand borders on the Waterkloof suburbs and is a well-kept, mainly residential neighbourhood with quiet treefilled streets just like Constantia Park, Waterglen and Newlands. Although the residential parts of these neighbourhoods offer a tranquil and serene ambiance, they’re within easy access of all necessary amenities like Mediclinic Kloof Hospital, Life Faerie Glen Hospital, Garsfontein Police Station, Menlyn Central Post Office, many good schools, as well as commercial and business facilities. These suburbs are within a few minutes of the R21 freeway to OR Tambo International Airport and are situated on the Gautrain bus network route.
Property CASTLE WALK FLOWERS
These neighbourhoods are extremely popular with people of all ages to live in due to their strategic location, established infrastructure and scenic settings.
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Newlands, Waterkloof Glen and Constantia Park have several apartment and townhouse complexes catering to first-time buyers and individual residents. Many of them are within walking distance of the commercial hub and public transport routes. They’re also ideal for investors, and range in price on average between R700,000 and R1m. Newlands is an attractive neighbourhood for 50 plussers looking to scale down or enjoy the benefits of communal facilities and care. The suburb boasts several retirement villages and complexes catering to those who only need a studio-type apartment or room and require assisted living facilities as well as those who still lead an active lifestyle and need the space of their own townhouse. The required investment varies from about R600,000 up to R1,5m to R2m. A large proportion of the remaining residential property here comprises freestanding or sectional title family townhouses, duets and homes in gated areas or estates. This market also caters to various budgets from middleincome to high-income earners. At the top end of the market one will find huge, extended properties sitting high on a hill with spectacular views. These are usually priced at R3m+.
Schools
Public primary schools within these four neighbourhoods and their immediate surrounds include Laerskool Constantia Park, Glenstantia Primary School in Waterkloof Glen and Laerskool Garsfontein. Public high schools catering to secondary and senior secondary phase learners living in these neighbourhoods are Hoërskool Garsfontein, The Glen High School in Waterkloof Glen and Hoërskool Waterkloof. Hatfield Christian School is a wellknown independent school located
in Waterkloof Glen. This school offers a full academic, cultural and sports programme to learners from Grade 000 to Grade 12.
Explore
With Menlyn Park and Menlyn Maine situated virtually across from the street of Newlands and Waterkloof Glen, residents and visitors to the area have an unsurpassed variety of indoor entertainment to choose from. Menlyn Maine’s Time Square entertainment hub presents several stay-and-play options – enjoy the nightlife at Time Square Casino, dine at top restaurants, book your tickets to a live performance at the worldclass Sun Arena concert venue, and shop till you drop at all the gorgeous retailers situated on the square. Menlyn Park Shopping Centre is very much focussed on entertainment for the whole family. This is where The Fun Company will kindly take care of all energy reserves of the young ones, while a Nu Metro movie will take their imaginations on flight. This complex is well-known for its many restaurants offering a diversity suitable for every taste and appetite. The Barnyard Theatre Menlyn presents loads of fun, live music and a relaxed sociable atmosphere for a great night out. Other leisure activities close to these neighbourhoods include Dyno Karting indoor go-karting, a 19th hole puttputt family entertainment venue as well as Bounce trampoline park. Constantia Park is one of the few neighbourhoods which still boasts an excellent library complex, and for those who prefer something slightly more outdoors, there’s the Moreleta Kloof Nature Reserve to explore. This sanctuary is in the neighbouring suburb of Moreleta Park and hosts many small animals, buck, birds and plants.
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22 SEPTEMBER 2019
Monthly bond repayments For a typical property in this area You’ll pay
PROPERTY NEWS
For sale in Newlands
COMPLEX
Neighbourhood
Median asking price
APARTMENT
R1,25m
per month
20%
R2,5m
For a typical property (four-bedroom house)
R24,126
3
In a complex
22%
Based on
over a period of 20 years at 10% prime
R1,06m
58%
For an apartment
HOUSE
R2,5m median asking price
R2,595m For a house
I love living in a complex where I feel safe, where I can relax and where I can walk to Menlyn if I feel like going out or need to do shopping THE PLTFRM
STEPHANE BARNARD, NEWLANDS RESIDENT
EAT SHOP SLEEP • Constantia Manor Guest House, Constantia Park: B&B with a personal touch • La Maison d’Hotes Guest House, Erasmusrand: four-star graded • Life is beautiful, at Menlyn Maine: guesthouse with self-catering rooms • Paprika Boutique Hotel, Newlands: centrally located • The Capital, Menlyn Maine: upmarket five-star hotel
For a typical property in this area You’ll pay
R27,793 per month
Median asking price
25%
R2,88m
For a typical property (four-bedroom house)
R1,4m In a complex
APARTMENT
Monthly bond repayments
For sale in Waterkloof Glen
COMPLEX
SUMMIT GRILL & SKYBAR
14%
Based on
over a period of 20 years at 10% prime
R770,000
61%
For an apartment
R2,9m For a house
HOUSE
R2,88m median asking price
• Menlyn Main Central Square: vibey upmarket centre and piazza • Menlyn Park: all inclusive, well-known shopping and entertainment mall • Menlyn Retail Park: convenient with several specific retailers • Newlands Plaza: quick stop including supermarket, pharmacy, and restaurants • Waterglen Shopping Centre: easy access for all daily shopping
• Crawdaddy’s, Waterglen: seafood, grills, Asian-fusion dishes • Koi, Menlyn Maine: highly rated cuisine and ambiance • Old Time Italy, Menlyn Maine: divine food and decor • Red Cloud Spur, Times Square: family-friendly steak ranch • Woodstock Urban Pizzeria, Constantia Park: for the love of pizza and music • The PLTFRM: creative food experiences
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PROPERTY NEWS
22 SEPTEMBER 2019
Neighbourhood
The auction world is totally transparent and not an intimidating space at all ALISTAIR MEREDITH, ART SPECIALIST, STRAUSS & CO FINE ART AUCTIONEERS AND CONSULTANTS
Hidden treasure?
Things to know about art valuations, auctions and investing know-how
WORDS: ANNE SCHAUFFER
IMAGES: SHUTTERSTOCK
R
ecently in London, an artwork relegated to the owners’ spare room was auctioned for a few hundred thousand pounds. The owners had stashed it away and had no idea of its value. We hear these stories but the reality is that most people don’t know where to begin if trying to ascertain whether the personal artwork in their home has any value. Alistair Meredith, an art specialist at Strauss & Co Fine Art Auctioneers and Consultants, is well aware of how the art world can be daunting. “We work hard to dispel that,” he says. “The auction world is totally transparent and not an intimidating space at all.” Meredith says what people see in the movies – large, silent New York galleries with intimidating staff — has created a daunting image of art exclusivity. “We run live and online art auctions, have road shows where the public can bring artworks to be valued, and we
respond happily to emails requesting valuations or opinions,” he says. “Just provide us with a photograph of the artwork, its dimensions, and the artist’s name. Sometimes it’s near impossible to value – say, an 18th century artwork with no signature.”
Valuation
How do they arrive at a valuation? “We rely entirely on auction precedents and are very objective and market-related; we try to find similar work sold on auction (in terms of the artist, size, medium and condition) and those results determine broad objective guideline figures for that particular work.” An art auction is a simple, transparent process. “Each piece has a clearly stated guideline price. You choose how high you want to bid. If you win the auction, you pay the hammer price (and a stated premium) and it’s yours. What the work sells for is up to the market (everybody in the auction room or online). It’s very down to earth,” he says.
Meredith says it’s a myth that you could inadvertently bid on an item by unconsciously scratching your nose during an auction. “You have to register before you bid, and you’ll be given a bidding paddle. When you bid, the auctioneer will ask you if you intended to do so.”
Inside track
The South African art market has exploded over the last decade. “There’s been huge interest in local art from South Africans, expats and, increasingly, the international market,” says Meredith. “We’re always a little hesitant about speaking about art as a pure investment because nobody has a crystal ball, but the more research you do, the better idea you have of an artist’s trajectory. Read up and speak to dealers, art galleries and auction house specialists. But buy art you love and enjoy it every day on your wall as it appreciates,” Meredith concludes. Sound advice.
22 SEPTEMBER 2019
Neighbourhood
PROPERTY NEWS
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Western Cape design project in finals for Human City Design Award A
Western Cape design project that encourages innovation and affordable solutions in low-income housing is in the running for a prestigious $85,000 (±R1,25m) award. Known as the Better Living Challenge (BLC), the project is in the finals for the Human City Design Award, organised by the Seoul Design Foundation. The winner will be announced on Thursday, 26 September. The BLC project is funded by the Western Cape Department of Human Settlements and the Western Cape Department of Economic Development and Tourism. It has been managed by the Craft and Design Institute (CDI) for the past seven years and was a flagship project during Cape Town’s tenure as World Design Capital in 2014. The Human City Design Award recognises projects that contribute to a more harmonious and sustainable relationship between people, society,
the environment, and nature. It’s hosted by the Seoul Metropolitan Government, in partnership with Human Cities Network, the World Design Organisation, the Unesco Creative Cities Network – of which the City of Cape Town is a member – and the Korean Federation of Design Associations. “It’s a great honour to have one of our projects nominated for a top global design award,” says CDI executive director Erica Elk. “This project is an excellent example of how design-led processes can unlock new thinking and ways of doing. It has been a great experience to watch the BLC take shape and grow over the years and continue to produce innovations. Over time, these will catalyse better living conditions for thousands of families living in low-income communities,” she says. The first phase of BLC took the form of a competition challenge to manufacturers, inventors and entrepreneurs to design innovations
that meet the needs and increase the choice of products available to the home improvement market, specifically in low income areas. The project supported the development of affordable and environmentally-friendly products for home improvement – water saving and harvesting, insulation, fire warning systems, alternative materials, and off-grid energy use. The second phase, still in process, has involved extensive research and user-testing using design process methodology, with a focus on how to create an enabling environment for the incremental upgrades of homes in informal settlements. The research revealed that people needed home improvement products, systems and services as well as access to information (how to improve their homes and where to access support) and skills development (how to build better, how to design better building processes, and how to use different materials and solutions effectively).
Get ready for Buh-Rein Phase 2 O
fficially launched just under a year ago in November 2018, Buh-Rein Retirement Village set within the award-winning BuhRein Estate in the Northern Suburbs of Cape Town, has achieved record sales, with 142 units sold to date. The independent living apartments and the assisted living apartments on offer at Buh-Rein Retirement Village are priced from R919,900 (including transfer duty), and are being purchased at an average rate of 15 sales per month. Sales have been made up of both types of units, mostly to buyers from Cape Town. Says Riaan Roos, CEO, Multi Spectrum Property (MSP) group of companies, “With all of our projects MSP aims to meet the real needs of real people, and we do so at Buh-Rein Retirement Village by offering well-priced sectional title ownership properties. Priced from under R1m, we cater to retirees who
wish to stretch their available funds but also to enjoy a great lifestyle now and in the future. This retirement village speaks to a segment in the market that has never been addressed before, and our sales indicate that we have certainly hit the spot in terms of demand. We’re now arguably the fastest-selling new retirement estate in the Western Cape.” Only 10 apartments remain on offer in Phase 1, and registration has just been opened for Phase 2. Roos explains, “Despite a subdued property climate, our continued high monthly sales at Buh-Rein Retirement Village have led us to opt to include an early-bird registration list for the new phase. This will provide interested parties with a prelaunch glimpse of our next set of apartments in Phase 2 – which is of great benefit, given the exceptional uptake. Those who are interested should register their details at buhreinretirement.co.za to get onto this early-bird list.”
Joburg’s New York and Paris
R
osebank is the one to watch in terms of “big city” investment in South Africa – moving against the grain in every aspect of property growth. While owning a little apartment in New York, London, Paris or Rome would be a headliner in anyone’s private investment portfolio, it’s a financial stretch for many local and international investors to tap into the power cities of the world. Now is a good time to look inward.
overlooked, particularly in a node like Rosebank – this is no passing trend,” says Kohler. The increase in corporates needing to house international executives close to the business district, as well as businesspeople transitioning far more frequently from Cape Town and other regions to work at Sandton-based head offices, is the reason contemporary new developments such as 100 Oxford are in demand,” says Kohler.
become one of South Africa’s most impressive suburbs and Rosebank will only grow more lucrative despite the jitters of a contracted economy,” says Kohler. “It’s the kind of area that will retain its strength and remain a very strong investment opportunity through the spikes and troughs to come,” says Kohler, who points out that R20bn has been invested in the Rosebank precinct in the past two years.
Last week it was reported that SA’s housing market had hit a surprising upswing – with industry players reporting an uptick in housing activity in recent weeks – suggesting the market has finally bottomed out. “The timing is right to look at a ‘big city’ luxury apartment investment, particularly in an upwardly moving investment node like Rosebank,” says Jonathan Kohler, CEO, Landsdowne Investment Properties.
The appeal of owning an investment property is always about proximity to the central zone, and Sandton – as the finance, business, fashion, entertainment and retail capital – is the first point of contact for many business executives, and tourists to Joburg. Because of this, many international corporations have recently moved their local corporate head offices to Rosebank, and are looking for upmarket accommodation for executives in transit.
Recent developments include upgrades to the Rosebank Fire Station, Rosebank Mall, The Zone, Oxford Corner, Rosebank Towers, Vantage, The Bolton, The Galleria, The Tyrwhitt, The Median, and Netcare Rosebank Hospital.
“While we’re seeing wealth portfolio’s focussed on offshore investment, big city investment should not be
“As an upwardly mobile node, this district is not going to change, it has
The ongoing transformation of Rosebank as a favoured destination has also seen large-scale commercial investment, particularly with its inclusion on the Gautrain route – making in-transit transport to and from OR Tambo and other destinations an easy walk away.
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Neighbourhood
stneighbourhood.co.za | 22 SEPTEMBER 2019
Your Home, Our Core Business
www.appleproperty.co.za | 012 348 0123
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20 20 N Y. A L J 1 ND E LE I B FR A IL ET A P AV &
FAERIE GLEN SOLE MANDATE
R1 320 000
FAERIE GLEN
R1 400 000
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IC ! ST D A E R UC D E D IC RE R
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FAERIE GLEN
R25 000 PM
NEWLANDS SOLE MANDATE
R1 190 000
ONE LEVEL RETIREMENT UNIT
AFFORDABLE CORNER RETIREMENT UNIT
4 BEDROOM HOME OVERLOOKING A STREAM
EXCELLENT LOCATION! EXCELLENT BUY!
3 Bedrs, 1 full bathr & a separate guest toilet. Living & dining rooms flow to enclosed sunroom patio. Spacious kitchen, courtyard, automated garage with direct home access. Much more to offer!
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4 bedrs, 1 guest bedr & 3.5 bathrs - main en suite. Study walks out on to a patio. 2 living areas - lounge downstairs & sun room upstairs. Spacious, modern kitchen, big garden, double garage!
Sunny & bright apartment. This units offers 2 bedrs 1 bathr, openplan kitchen & lounge. Situated in the upmarket retirement village of Kingswood. 24 hr home care with 10 meals included in levy.
WEB REF: AP 13992 LOUISE PEARSON - 083 306 6875
NEWLANDS
R1 500 000
WEB REF: AP 13659 LOUISE PEARSON - 083 306 6875
NEWLANDS SOLE MANDATE
R2 050 000
NOT TO BE MISSED!
EXCELLENT OPPORTUNITY - TOWNHOUSE!
North-facing 2 bedr, 1 bathr apartment in an upmarket Retirement Village. Spacious living room, open-plan kitchen, enclosed balcony, 24 hr security & excellent facilities such as a gym, hair salon etc.
Townhouse with private garden. North views overlooking the valley! This exclusive retirement village has a lot to offer. 2 bedrs, 1 bathr, 1 garage, 1 carport & a pet friendly garden! Call now for more info!
WEB REF: AP 14010 LINDIE BOTHA - 084 409 5234
NEWLANDS
FROM R725 000
WEB REF: AP 13263 PETRO - 082 551 7990 & ANDRE - 082 930 7386
RIETVALLEIRAND SOLE MANDATE
R2 695 000
FARMSTYLE LIVING IN AN ESTATE Kingswood Village upmarket Retirement Village in an established environment. Only 12 - 1 bedr & 2 bedr units. Kingswood has a fantastic reputation. 10 meals inclusive in the levies. Lots of extras!
WEB REF: AP 12798 WEB REF: APD45 WEB REF: AP 12980 PETRO - 082 551 7990 & ANDRE - 082 930 7386 PETRO - 082 551 7990 & ANDRE - 082 930 7386 PETRO - 082 551 7990 & ANDRE - 082 930 7386
Offering 3 bedrs, a study, 2 full bathrs, a guest toilet, open-plan living, dining & kitchen area with a practical kitchen & scullery. Double garage, study / guestroom, pool & patio with built-in braai.
WEB REF: AP 14006
MAGDA - 084 505 7840 & MARISA - 072 204 2822
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IN
P PIERRE VAN RYNEVELD SOLE MANDATE
R1 850 000
SOSHANGUVE
R1 450 000
CENTURION GOLF ESTATE
R5 400 000
HOUSE WITH LARGE FLAT!
COMMERCIAL LAND FOR SALE!
This home offers 3 bedrs, 2 bathrs & 3 living areas on a 1424sqm stand. Large kitchen, study/4th bedr. Spacious flat offers lounge & dining room, 2 bedrs, 1 bathr & kitchen. Super-sized double garage!
Prime business land with zoning in place in Soshanguve. It has an Recently upgraded & north facing. Excellent fairway green frontage,! established business on it & is situated on a busy road that is not far 4 bedrs, 3 bathrs - 2 en suite. 3 reception areas, patio, pool, play from the Giant Stadium or the TUT Soshanguve campus. room & beautiful kitchen. Garaging for 3 cars & staff quarters.
WEB REF: AP 13909 LENIE - 083 259 5342 & LIESL - 084 870 1465
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30
U
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FIFTH ON BROOKLYN
R3 200 000
ELEGANTLY REFINED FAMILY HOME 4 bedrs - 3 have balcony access. 2.5 bathrs & MES! 3 open-plan living areas, study, undercover patio with built-in braai, heated pool & irrigated garden. Exquisite kitchen, 3 garages & staff quarters.
WEB REF: AP 13317 MELANIE BURRELL - 082 653 5568
SOLE MANDATE
FROM R1 499 000
30 UPMARKET APARTMENTS
A
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WEB REF: AP 13626 MAGDE MEYER - 083 387 3437
MENLO PARK
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O C O S S
IN
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A 5 STAR PROPERTY - IMMACULATE HOME!
IRENE VIEW ESTATE
Modern & ideally located is part of what makes this a fantastic investment. 3 different unit plans to cater to your property needs from 66.2sq m to 80.78sq m. All units have private, north facing balconies with open plan dining room & living areas. Ideal lock-up & go!
WEB REF: APD55 ANDRE - 082 930 7386 & PETRO - 082 551 7990
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Name: Lindie Botha Areas: Silver Lakes, surrounding estates & developments Specialize in: Sales & Rentals Experience: 4 years Qualifications: Full Status Agent
I specialize in properties situated in security estates, especially the Silver Lakes area. I, myself have been living in this amazing area for 10 years now. Here we are a community and a fast developing area with the value of our properties growing. Not only will we find you the perfect home where security and lifestyle comes first but we can also give you first hand advice on schools, traffic hours etc. You can always count on honest professional service. lindie@appleproperty.co.za | 084 409 5234
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Name: Betsie Summerfield Areas: Contantia Park, Waterkloof Glen & Erasmuskloof Specialize in: Sales & Rentals Experience: 15 years Qualifications: Full Status Agent Betsie started her career as an estate agent in 2004, completed NQF4 and her PDE. She has superb rela onship and communica on skills – listening, understanding and empathy with clients. She has expert knowledge of the property market and development trends in her area. She is passionate about her work, totally committed and gives all the honour to her success in the industry to her family, friends, colleagues and loyal clients! betsie@appleproperty.co.za | 083 488 4748
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