29/06/2016
BUYERS SHOWING FRESH INTEREST IN LUXURY KRUGERSDORP ESTATE
Prices are continuously on the rise in the upmarket Featherbrooke Estate situated in Krugersdorp below the Roodekans Ridge.
This is according to Brain Franklin, Seeff's Principal in Featherbrooke, who says this estate made up entirely of freehold properties is sought after for many reasons, and prices have grown year-on-year since 2011 as a result.
Franklin says Lightstone statistics show that the majority of families residing in the estate earn above average incomes, and around a third of people who live there have owned their homes for 11 years or more. However, he says there is also a lot of fresh interest in the estate as another third of people who reside there have moved to the estate in the past five years.
Franklin says the estate appeals to people from all walks of life as there are also pensioners and homeowners between the ages of 18 and 35 on the estate. The majority of owners, however, are aged between 36 and 49.
"The average price for a freehold home in the estate in 2011 was around R2.7 million, almost R3.1 million in 2012, R3.4 million in 2013, R3.5 million in 2014, R3.8 million in 2015 and just short of R4.1 million for 2016 to date.
According to Franklin, the market in the estate is very active. He says at least 40 sales a year have been concluded from 2011, and sometimes almost reaching the 80 or 90 sales per year mark which was the case in 2014 and 2015.
Franklin says the Silverstar Casino, Cradlestone Mall, Cradle of Humankind, Monash University and the close proximity to the new Pinehaven Private Hospital are all major draw-cards to the estate. In addition to this, Featherbrooke Estate borders the Walter Sisulu Botanical Gardens and the Crocodile River.
"Silverstar casino is the West Rand's leading entertainment destination, and offers a hotel, gaming and entertainment, and a spa among other facilities, while Cradlestone Mall offers an all-in-one shopping experience with 160 shops, restaurants and services."
The Cradle of Humankind is on Featherbrook's doorstep and is known worldwide as the birthplace of humanity. Monash is a private university which was founded in 2001. This university is not only home to South African students and students from other African countries, but also to exchange students from Australia and Malaysia.
The estate has a total area of 145 hectares, of which 21 are allocated to communal gardens maintained by the estate.
The estate has a clubhouse which is well used by the residents and includes a restaurant. There is a skateboard park, cricket net, soccer ad netball practice area for children, and a squash and tennis courts for residents to enjoy.
The lapa next to the clubhouse is utilised for functions, birthday parties and the like. The clubhouse also has a separate facility that can be used for other sports like karate, pilates and dancing.
During the year, the Featherbrooke's Sport and Recreational committee organises various events which residents actively participate in such as wine tasting, golf days, potjie competitions, fun walks and birding to name a few.
Homes on the estate are built in different styles, but are mostly modern and include quality finishes and enjoy top notch security.
