Learn more about Garsfontein from local property experts.
Who is buying property in Garsfontein, and what types of properties are available?
Garsfontein is home to a wide variety of townhouses, bigger homes, duets and commercial properties. It is a versatile area that caters to newlyweds as well as families with children, while also offering peace and relaxation for elderly couples. Family homes with an additional flat are widely popular for families who wish to accommodate elderly parents. The development of Menlyn Maine has led to an increase in properties being subdivided, as the density ratios in the area skyrocketed. In addition, property prices in Garsfontein have also increased, since the area is populated with houses that bring excellent value for money.
What attracts buyers to the area?
Garsfontein is in a well-located area in the east of Pretoria. This suburb has many facilities including entertainment, top-class restaurants, public parks, recreation and sports complexes such as Virgin Active. Schools are within easy reach and in some cases within walking distance from your home. There are a number of hospitals close to Garsfontein, as well as other medical facilities, day care clinics and doctors’ practices. The malls are also close by. With national roads within a 2km radius, there is quick access to most destinations around Pretoria. The N4, R21 and the N1 highway interchanges are very easy to reach.
What can buyers expect to pay for property in Garsfontein?
Garsfontein was, is, and will always be, a very prominent neighbourhood in Pretoria East. The following properties were sold in the last 12 months: 20 estate properties at an average of R1,565,000, 136 freehold properties at an average of R1,593,000, and 173 sectional scheme properties at an average of R981,000. This means a total transfer of 329 properties at an average price of R1,269,000. If anyone wants to buy a property, good advice is to establish the right selling price of a property by obtaining an independent bank valuation, in order to eliminate the seller's fear of underselling and the buyer's fear of overpaying.
This article originally appeared in Neighbourhood, Sunday Times.