Affordable Kuils River property market is doing very well
STOCK is tight around the country, but Kuils River is developing f ast, e njoying healthy buyer activity and offering good value for money, says Herbie de Klerk of Jawitz Properties.
“We’ve had an excellent winter, with a high turnover in property sales, and we are selling a lot more plots than we were two or three years ago.
“This is a positive sign showing people want to build again, even though building costs are high,” he says.
“When we sell plots, we do so in package deals that include assistance from an architect and a builder, using professionals in the area. Buyers can have their dream homes built here quite effortlessly.”
For homes that are already built, De Klerk says he is seeing multiple offers on properties for the first time in a long while. This is making prices in the area rise.
“There is movement in the higher end of the market, where properties on average are priced between R3 million and R5m, and the Zewenwacht Estate offers good value for money. Many buyers from Johannesburg are moving to Kuils River. The majority of buyers in the area are younger families, many of whom are first-time buyers.
“The R800 000 to R1.5m price bracket is the most popular. There are affordable homes here and we find that very few people move out of Kuils River, but rather upgrade in the same area. A big trend is people moving from smaller homes to bigger homes close by. There’s a sense of community here.”
In addition to its popularity, affordability and value for money, Kuils River is close to Stellenbosch, Bellville, Somerset West and the airport.
He says the average rental bracket is R5 000 to R7 500 a month, although his agency does have some rentals on its books for over R10 000 a month.
“Sectional title properties, however, are not common in Kuils River. People like to live here because most property is freehold. Buyers want a yard and space, and Kuils River offers that quality of life.”