Weekend Argus (Saturday Edition)

Lower prices are big drawcard for sectional title homes

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THE PRICES of sectional title properties are far more accessible than free-standing homes, and this is another drawcard for the sectional title sector.

However, Trafalgar Property’s Andrew Schaefer says amenities in a sectional title building make a difference in terms of rentals. These include security, fibre, DStv ready, pool, playground facilities, and proximity to transport, shops, entertainm­ent, schools and work opportunit­ies.

A price comparison between free-standing homes and sectional title homes in estates, complexes and apartments shows the following price difference­s: CENTURY CITY (AVERAGE PRICE)

Free-standing home: None Sectional title apartment: R1.893 million Sectional title in a complex: R2.375m

Sectional title in an estate: R3.306m. Source: Lightstone and Propstats (provided by Seeff Property Group) PARKLANDS (AVERAGE PRICE) Freestandi­ng home: R1.8m Sectional title apartment: R900000 Sectional title in complex: R1.1m Sectional title in an estate: R1.7m. Source: Lightstone and Propstats (provided by Seeff Property Group) CLAREMONT (AVERAGE PRICE) Free-standing home: R3.336m Sectional title apartment: R1.275m Sectional title in a complex: R1.764m

Sectional title in an estate: R4.044m. Source: Lightstone and Propstats (provided by Seeff Property Group) KENILWORTH (AVERAGE PRICE) Free-standing home: R2.45m Sectional title apartment: R1.185m

Sectional title in a complex: R1.983m

Sectional title in an estate: R2.075m. Source: Lightstone and Propstats (provided by Seeff Property Group) BELLVILLE – STELLENBER­G (AVERAGE PRICE) 3-bed/2-bathroom freehold: R2.290m

3-bed/2-bathroom sectional title: R1.695mn AVERAGE RENTAL PER MONTH:

3-bed/2-bathroom freehold:

R14 500

3-bed/2-bathroom sectional title: R9 000 Source: Chas Everitt Internatio­nal

 ?? PICTURE: SEEFF PROPERTY GROUP ?? Century City offers sectional title apartments and homes in complexes and estates.|
PICTURE: SEEFF PROPERTY GROUP Century City offers sectional title apartments and homes in complexes and estates.|

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