Local property experts talk about the property market in Equestria.
What types of properties are available in Equestria and who is buying them?
Equestria consists of majority sectional title dwellings, but there are a number of full title units available offering buyers a wide range of choice, from entry-level stack apartments, to higher-end luxury houses. Historically, Equestria as a suburb attracts buyers in every phase of the property needs cycle, but in recent months the R600,000 to R1,2m range has emerged as the highest demand category for first-time buyers and investors alike. Ideally located, Equestria has shown consistent demand and we find buyers to be confident of an eventual return on their investment.
What attracts buyers to Equestria?
Equestria consists of mainly 90 estates plus a few duets and undeveloped smallholdings. Quick access to the N4 highway and the main roads of Lynnwood Road, Solomon Mahlangu Drive and Simon Vermooten Road makes this area a very popular choice for residents. All estates have their own security and well-controlled entrances. Equestria offers first-time buyers as well as small to medium families an affordable option to become part of the New East. Some estates also have freehold properties which are very popular due to the lower levies associated with these kinds of properties.
What do you love about the area?
Equestria has an amazing kaleidoscope of properties ranging from cottages of around R850,000 up to luxurious boutique complexes with state-of-the-art designs of approximately R3m. The suburb is excellently located close to The Grove Mall and Wilgers Hospital. Professionals and young and more mature buyers are attracted to the area. Most of the estates are animal-friendly and the streets come alive late afternoon as residents walk their dogs. One will often come across the happy sight of young families cycling in tandem. When quality, style and position are important, Equestria is the answer.
This article originally appeared in Neighbourhood, Sunday Times.
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