Property professionals give insight into the property market in Pierre Van Ryneveld.
What attracts buyers to this area?
Pierre van Ryneveld is a centrally located patch of calm on Pretoria’s rapidly developing eastern edge. It cannot be beaten for proximity between Pretoria and Joburg and easy accessibility to the R21 and N1 freeways. It’s a mere 20-minute drive to OR Tambo International Airport and 35 minutes to Lanseria International Airport. This is a well-established area where the residents take pride in their homes. The community stands together and we have a yearly Dorpsfees. The suburb is close to the Spar shopping centre, Irene Village Mall, several nursery schools, primary and high schools in surrounding areas.
What types of properties are available in the area and who is buying them?
There are 3,292 properties in Pierre van Ryneveld. Most are freehold properties (49,73%), followed by sectional titles (45,47%), freeholds in estates (2,98%) and lastly sectional titles in estates (1,82%). The median size of freehold stands is 928m2, sectional titles 89m2 and properties in complexes (freehold/ sectional titles) 264m2. The suburb mostly attracts purchasers in the 36 to 49 age group (39%) followed by the 18 to 35 group (37%). The area’s location close to highways, excellent schools and shopping centres, as well as its affordability would account for its popularity.
What do you love about the area?
Although this picturesque suburb is located in the big city of Pretoria, it succeeds in maintaining a relaxed, small-town atmosphere. Whether it’s early in the mornings or late afternoons, one will find many residents cycling, jogging, walking their dogs or just taking a leisurely stroll in the neighbourhood with playful children at their sides. Street names like Hurricane, Kittyhawk, Mustang and Hercules are a reminder of the suburb’s well-known neighbour, Waterkloof Air Force Base. A shopping centre, nursery schools and nearby primary and high schools, as well as proximity to major routes and highways make this a very sought-after neighbourhood.
This article originally appeared in Neighbourhood, Sunday Times.
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