We are in one of the best phases for property buyers with the interest rate at a historic low, even if it is raised marginally at the next meeting.
Gerhard van der Linde, managing director for Seeff Pretoria East says that for buyers and investors looking for a brand new apartment in the Pretoria East area, it is an ideal time to invest now.
Seeff is marketing two new developments located in Lynnwood Glen and Lynwood in great locations which offer modern living and security including security parking along with fibre internet, making them ideal for work-from-home.
The units offer the latest designs and finishes and as they are new, you can just move in with no maintenance needed.
A notable benefit of investing in a new development is that you buy at the launch prices and property values usually increase quite rapidly once it is in full occupation. New developments are usually in well-researched locations and generally offer good prospects for rental returns as well, adds Van der Linde.
A notable benefit is that there is no transfer duty payable since you are buying directly from the developer. Developments are also usually bank approved, making it easier to obtain finance, and you only start paying back the mortgage loan once the unit is completed and handed over.
What can you buy right now?
“Ilk of Menlyn” in Lynwood Glen offers modern apartments from just R1,39 million
The first new development is “Ilk of Menlyn” which offers 32 luxurious new apartments in a north-facing three-storey block with lift access.
It is located in a boomed-off 24-hour security street in Lynnwood Glen and well positioned with Struben Kop Park in walking distance and Menlyn Park and Menlyn Maine centres on your doorstep. It is also within walking distance of St Albans School, Vega School and Varsity College.
The security is top class and includes electric fencing, CCTV cameras and access control and there is also secure parking.
The apartments are luxurious with modern finishes, fibre internet and prepaid electricity. Geysers work on a heat pump system and there is also a back generator for the building. Residents can also enjoy the communal area with braai facilities as well as an individual meeting room.
These new apartments are well-priced from just R1,39 million with no transfer duty payable. Interior design packages are available so that you can customise your unit to your taste. There is also an option of luxury Bosch appliances.
“Hillensberg” in Hillside Village Estate offers two and three-bedroomed units with extras
“Hillensberg” is located in the popular Hillside Village Estate which is a boomed area with 24-hour security. It offers stunning views from the units which are all north facing.
The development is ideal for growing families, young professionals or friends who want to share a space. It is also ideal for those who are studying as it is close to universities, top Pretoria schools and amenities.
The complex offers 63 units with a choice of two or three bedrooms. The three-bedroomed units form part of the older development buildings and are spacious at 164sqm and also boast the original parquet flooring. The two-bedroomed units are newly built and start at 104sqm.
The finishes are modern with a choice such as Hansgrohe fittings and gas hobs. There is a choice of units, some with balconies or terraces and while some come with covered parking, there are also some units with a garage to choose from. The two-bedroomed units also have a built-in braai. All units have fibre internet.
The apartments are priced from R1,78 million with no transfer duty payable.