Queenswood in the Moot is close to schools, the University of Pretoria and highways has excellent shops and draws people at all stages of their lives, from students to retirees
Consistent demand for accommodation in Queenswood makes it a magnet for investors with a sharp eye for a location promising a steady revenue stream.
This suburb of the Moot is close to the University of Pretoria, making it a popular destination for scores of students seeking convenient rental accommodation, as well as other young adults attracted by the area’s famed centrality.
Lizelle du Plooy of Apple Property says: “I anticipate 2018 will see the continuation of a number of prevailing trends. Young adults and first-time buyers want to own their own homes. Investors buy in this area and convert houses into communes for students. Queenswood is 2.8km away from the University of Pretoria.”
Du Plooy says a proposed shopping centre, Queenswood Quarter, scheduled for completion later this year, will make the suburb more popular.
The suburb also contains essential amenities, including top schools such as Eduplex, Loreto School and Clapham High. One of the biggest Spar outlets in Tshwane is at Queenswood Corner, which hosts well-regarded medical and dental facilities.
“Just behind Eduplex is the Bike Zone, also run by the school, a main attraction where parents can take children on rides,” says Du Plooy.
Queenswood is within touching distance of the N1, the N4 and other main local routes, making it convenient for residents working in Joburg and further away.
In addition, it is home to the Department of International Relations and Co-operation on Soutpansberg Road, a flagship arm of the national government that employs a sizeable number of people for whom Queenswood would be an attractive area.
“Anyone can stay here, from the young married couple seeking a stable area with good schools to the student at UP. It is also an ideal haven for the elderly because it is close to medical care. Professional couples looking for a quality lifestyle to return to after a working day would be happy, and animal lovers can enjoy the large gardens.”
The market stock is largely freehold, but with a sizeable sectional title component. These units include flats and townhouses.
“Properties in Queenswood are mostly older and on bigger stands. As more younger people move into the area, they upgrade their properties.”
A three-bedroom house will likely set you back R10 000 to R13 000 a month to rent, while a four-bedroom home can be rented for between R13 000 and R15 000. Du Plooy says a typical two-bedroom apartment would go for around R6 800, and three-bedroom apartments are being let for between R7 500 and R8 500 a month.
“It depends on the interiors and the extras like swimming pools and the size of bathrooms. The exact location of the property is also a factor,” says Du Plooy. “The obvious advantage of staying in Queenswood is it offers easy access to the centre of Pretoria, Hatfield and the Pretoria National Botanical Garden.”
Du Plooy says comparable properties would be in Villieria, Kilner Park and Moregloed. “These are also good areas, although new buyers tend to prefer Queenswood.”