Real Estate Sales

Wilgeheuwel Suburb Stats

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Area Summary / Wilgeheuwel (Stats quoted from a recent Lightstone Report)

Wilgeheuwel Suburb

Wilgeheuwel is one of the main and most popular residential suburbs when traveling north from the Westrand / Krugersdorp area. Situated near Clearwater Mall and +/- 10km away from Cradlestone Mall along Hendrik Potgieter this area is extremely popular amongst Property Investors, Tenants and Homeowners as the area is very central with easy access to main roads when traveling for work towards the West or the North. Another reason why Wilgeheuwel is so popular is because of its property prices. The area consists mainly of Sectional Title properties with the breakdown looking as follows:

Wilgeheuwel Market Stock:

Freehold in Estates = 3.67% (165)
Sectional Title Units in Estates = 5.30% (238)
Freehold = 8.88% (399)
Sectional Title Units = 82.15% (3691)

Sectional Title properties contributing to 87.45% of the total market stock with 3929 properties / units. These units vary from 50m², 1 bedroom apartments / flats selling from R 400 000 to 150 to 200+m², 3 to 4 bedroom properties selling above the R 1 500 000 mark with some exceptions.

A total of R 328 transfers / sales happened in the last 12 months where 299 properties were Sectional Title sales between R 400k and R 1.5k. When looking at some of the demographics for the suburb, the average monthly household income range between R 40 000 to R 50 000 and most of the buyers are between 36 and 49 years.

Average property sales values for the last 12 months:

  1. Properties between R 400 000 and R 1 500 000 / 299 properties with a total sales value of R 258 781 000 = an average sales value of R 865 488.
  2. Properties between R 800 000 and R 1 500 000 / 169 properties with a total sales value of R 174 522 000 = an average sales value of R 1 032 674.
Area Growth

From our own experience, the following properties are extremely popular in the Wilgeheuwel area and if priced right, could sell within days of going to the market:

  1. 2 Bedroom 2 Bathroom Double garage properties listed between R 800 000 to R 950 000 …. These properties are roughly between 80m² to 100m²
  2. 3 Bedroom 2 Bathroom Double garage properties listed between R 1 000 000 to 1 300 000 …. These properties are roughly between 120m² to 150m²

Simplex (single level) properties are more popular than duplex (double level) properties and will attract more buyers. Duplex properties where all the bedrooms are on the same level at least is also more popular.

5 Factors that will make your property sell quicker (price excluded):

  1. Neat, well looked after property, no clutter … can still be old but neat.
  2. Light colours, tiles, laminate floors instead of carpets.
  3. Freshly painted walls, ceilings door / window frames & doors.
  4. Neat, well looked after garden.
  5. Additional extras such as gas hob, solar, energy saving fittings / lights, auto garage doors and good security.

If you are looking to get a true, market related valuation done on your property, give us a call, we work and stay in the area and will gladly assist we. We get daily enquiries for properties in the Wilgeheuwel and surrounding areas.

Call Juanita on 083 604 1231 or Marnus on 072 264 7806 or email us on juanita@steynrealty.co.za or marnus@steynrealty.co.za

All our stock can be viewed on our website at www.steynrelty.co.za and you are welcome to like and follow us on Facebook, Instagram and Twitter. We recently started a YouTube channel for all our virtual tours and other videos ….. please visit  https://www.youtube.com/channel/UCLGbOvvPjY6zMh2kAQDhHTQ

http://www.steynrealty.co.za

YOUR SALE IS OUR GOAL ….

Selling your Property?

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One of the most important factors when selling your home is pricing. Pricing can determine for how long your property will be on the market and for how much it will sell in the end. If a property stays on the market for too long is becomes stale, over-exposed and generally buyers think there must be something wrong with the property. When offers do come in they are often much lower than expected.

You also don’t want to give your property away by pricing it way below Market Value and that is why you need a comprehensive and professional valuation done before going into the market. In a Buyers’ Market, where we are now, supply (stock) is high which means that buyers can shop around and drive prices down where they feel properties are over-priced.  It is not uncommon for buyers to offer around 10% less than the asking price as they are also very well informed of prices in the areas where they shop and they can see over-priced properties from a mile away.

Pricing right from the start will attract serious buyers in a shorter time and will result in higher offers being made. As a seller, stay away from agents quoting high prices for selling as they are just out to get the mandate with the idea of driving the price down over time and creating unrealistic expectations.

We Sell Property

Our property valuations are very seldom related to the current replacement values, bank valuations, insurance or municipal valuations / values as these values are often irrelevant when determining the “Market Value” / “Sellable Value” of the property.

We would love to offer you a Free Valuation including a comprehensive CMA (comparative market analysis) of the recent sales in the area / complex or estate where you stay. We specialise in Residential sales & rentals in and around the Roodepoort area. Anything from Wilgeheuwel hospital to Cradlestone Mall along Hendrik Potgieter including areas such as Helderkruin, Honey Hills, Kloofendal, Weltevreden Park, Amorosa, Poortview, Tres Jolie, Ruimsig, Allen’s Nek, Radiokop, Wilgeheuwel, Honeydew Ridge – Manor and Grove, Strubensvallei and Little Falls. We also have a partner company in Krugersdorp that can assist with similar valuations in those areas.

Area Ad

We have a high demand for two and three bedroom townhouses selling around the R 850 000 to R 1 200 000 mark as well as freehold single residential family homes in the same areas …… any property priced right will sell.

Should you be interested to get a professional Market Related valuation done on any of your properties, please contact Marnus or Juanita on 0722647806 / 0836041231. We also offer rental management services from listing, advertising & marketing, screening to procurement and placement as well as ongoing management of the tenant and the property. In addition to the above we offer basic maintenance and cleaning services to get your property “RentReady” before renting it out.

We have a list of attorneys, bond originators & contractors that we use on a regular basis to make sure that we can provide a full 360 ̊service to our buyers, sellers, tenants and landlords.

Please do not hesitate to contact us should you have any queries with regard to the above.

www.steynrealty.co.za

Your Real Estate Professionals

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