Moregloed offers affordable homes in a secure environment, close to schools, churches, shopping centres and places of work
Moregloed is a popular suburb for those working at the many public and private institutions nearby. This makes buying a property in the area a great investment, as one can be guaranteed a steady rental income, say estate agents.
“The Department of International Relations and Co-operation is situated in Queenswood and offers stable employment to many; the Steve Biko Academic Hospital is 4km from Moregloed and a number of specialist doctors leave and arrive annually and seek to buy property close to the hospital,” says Sallie Wagner, of Seeff Pretoria East, who knows the area well.
One might add to these institutions propping up demand for accommodation in Moregloed, the Council for Scientific and Industrial Research, around the corner in Brummeria; the University of Pretoria in Hatfield; and Unisa and TUT, all of which are nearby.
“With this in mind, investors can be assured of having tenants for rental properties,” says Wagner, who adds that proximity to the Hatfield Gautrain station is another main consideration. Aiding these positive attributes are the crime-prevention efforts of the area’s homeowners and residents’ association which has recruited private security companies to assist police; this has helped keep Moregloed popular, says Wagner.
“The peaceful environment coupled with a strong sense of community is an attractive option for young families who like to be near schools, churches and shopping centres, and have easy access to all major routes,” she notes.
As for the market stock, it comprises houses generally well built, offering spacious rooms with older finishes and designs, says Wagner. She also says there is rising demand for properties with staff quarters or garden flats that can be used as home offices or for income-generating opportunities. Although many homeowners have renovated, buyers can still find homes to refurbish.
“A touch of paint and a different garden layout are easy ways in which to modernise an old house,” she says.
Modern, up-market complexes service demand for affordable accommodation, especially among young professionals; a wide selection of properties on the market, from flats and townhouses to family homes, enhances the popularity of investing in Moregloed.
“Many security complexes are available and although most are in older, well-established complexes, they appear neat and well maintained,” says Wagner, who adds that Moregloed is affordable.
“Inexpensive apartments in a secure environment are always in demand, especially if close to public transport and other amenities.” When property comes onto the market here, it generally sells quickly, if priced correctly, she says. Villieria, Gezina, Rietfontein and Kilner Park offer a similar profile.
Places of interest and things to do in Moregloed
1 Waverley Plaza
There are many shops and services, including a Mimmos, Pick n Pay, banks and coffee places. Hertzog Street, Waverley.
2 Brewer’s BBQ
You can have anything from breakfast to dinner. The Brewers baskets are excellent. 1116 Hertzog St Villieria. 012 332 1320.
3 NG Kerk
You’ll feel at home here. The congregation is great and so is the minister. 800 24th Avenue, Rietfontein North. 012 331 3253.
4 Ruby’s Haberdashery
You can get anything here and there’s lots to select from, including arts and crafts. Waverley Gardens, 779 Codonia Avenue, Waverley. 012 332 5700