Estate agent commentary on Chatsworth

Estate agent commentary on Chatsworth

Private Property South Africa

Find out about property in Chatsworth in Durban, from local experts in the property industry.

What amenities are available in Chatsworth?

Prospective homeowners are primarily drawn to Chatsworth for its numerous religious centres – from the world-renowned Hare Krishna Temple of Understanding to strategically placed mosques and churches. Chatsworth is a family suburb, so education is a priority. There are numerous reputable government schools – primary and secondary – which have produced many of the top lawyers, doctors and MPs in both the province and the country. Medics at the first-class RK Khan hospital and the private Chatsmed Garden Hospital often grew up right here in Chatsworth. The Chatsworth Oval, too, is a sporting hub, often hosting international cricket and PSL soccer games.

Myles Wakefield: CEO, Wakefields Estate Agents

What should buyers expect to pay for freehold and sectional title property in Chatsworth?

According to statistics, the average selling price for a two-bedroom sectional title unit ranges from between R350,000 and R450,000, while a two- or three-bedroom freehold house sells for between R550,000 and R690,000. Homes situated closer to shops, schools, and hospitals and those on taxi and bus routes tend to be popular with buyers, which can inflate prices somewhat. At this stage the stats indicate that 49% of owners are aged between 50 and 64 years. It’s interesting to note, however, that 67% of recent buyers are aged between 18 and 35.

Lully Gibbons: Agent, Tyson Properties Queensborough

What draws buyers to Chatsworth?

Chatsworth is a close-knit community where people look out for each other. Property in the area is generally affordable for first-time buyers, which is a good thing, given that the younger set often choose to set up home close to their parents. The community has a strong support structure in place and several generations of a family can often been found living within a few blocks of each other. While there is a great demand from the middle class to own their own homes, this sector is savvy and won’t look at buying anything they deem to be overpriced.

Priscilla Pillay-Mills: Agent, Soukop Property Group

This article originally appeared in Neighbourhood, Sunday Times.

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