Find out what is currently happening in the property market in Doringkloof and Lyttelton from local real estate agents here:
Doringkloof and Lyttelton Manor are well-established suburbs located centrally in Centurion. The average selling price for homes is between R1,65m and R1,9m. The typical house has three to four bedrooms, a study, two bathrooms, three living areas, a double garage, entertainment area/lapa, swimming pool and a large garden. The economic environment of the country, however, had a drastic impact on sales this year and there is still a downward slope in property sales in these suburbs compared to last year. There are, however, some major high-density residential developments currently taking place, which is an indication of a possible increase in sales to come.
What kinds of properties are available in the area and who is buying them?
The suburbs of Lyttelton and Doringkloof in Centurion have experienced significant transformation in the last five years. From being mainly full title houses, we have seen many new sectional title developments attracting younger buyers and investors. The property landscape in the area is also changing, seeing a steady increase with a number of older houses on larger stands making way for modern smaller homes, with many plots being subdivided and duet units being built on them. Several new medium-size shopping complexes, a private hospital and Centurion Gautrain station close by have made these suburbs more attractive for younger professionals.
What attracts buyers to the area?
Doringkloof is a vibrant upscale family neighbourhood boasting quaint shops and good schools nearby while maintaining a community oriented atmosphere. This suburb also offers the luxury of being closely connected to Gauteng’s major highways. Buyers are attracted to the older family homes with their sizeable rooms and lush gardens offering a delightful sense of timelessness. Recent buyers are between the ages of 18 to 49, while 53% of homeowners have resided in the community for 11 years or more. Current trends show the average price of a freestanding home is R1,622m and the average price of a sectional title home is R545,000.
This article originally appeared in Neighbourhood, Sunday Times.
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