Big returns can be expected on investments in Witkoppen, with the upgrade of the Fourways precinct and infrastructure improvements making a difference to the neighbourhood and surrounds
A raft of commercial investments and upgrades to infrastructure around Witkoppen are revitalising the area, and owning a property here will mean your initial investment will realise enormous returns in the near future as property values are poised to increase tremendously. Estate agents in Witkoppen and Fourways are unanimous in their advice to prospective property owners to pay the area special attention.
They point to the upgrade of the Fourways precinct and efforts by the local community association, Future City Fourways, to further improve the neighbourhood as signs of a brighter future for residents and the neighbourhood.
“Residents in this area can almost be assured existing infrastructure improvements, as well as improvements, will increase values,” says Cherise Ansara of Re/Max Executive Group, who foresees an increase in property funds in the Witkoppen/Fourways area in partnerships with Future City Fourways, the non-profit organisation that coordinates residents’ welfare and general upliftment.
“Prospective buyers need to focus on the next five to 10 years as we can see anyone buying property now, with future investment as a dominant motive, will reap the rewards not too far down the line,” says Ansara.
“You may be inconvenienced during the upgrade period, but your return on investment will be greater than if you bought in the already upgraded areas.”
Currently, buyer activity is buoyant in the R1.2 million to R2.5m range, with estates and complexes more popular with investors and buyers than freehold homes as these are more favoured for the lifestyle and security they offer, says Ansara, who adds that free-standing homes in Witkoppen usually start from around R1.5m to R3m, with apartments ranging from R1m to R1.65m. The good news is there’s a tremendous amount of stock for sale.
Ansara says freehold homes are typically three to four-bedroom properties. A few have been converted to offices and small-trade businesses such as hairdressers.
“Full title homes in the area are of quality build and present a solid structure. Properties are slightly above average size, and tend to feature substantial parking. Value for money investment comes to mind.
“Witkoppen is fast developing in residential and commercial properties. It’s lively and there’s a new hub as well as lots of entertainment facilities, including malls and the casino,” says Ansara, who cites Witkoppen’s centrality for affording easy access to surrounding essential amenities, major highways and business districts.
Fourways Mall, Montecasino and Steyn City are some of the top local draws.
“Proximity to Lanseria International Airport adds to the attraction.”
Wikoppen also promises an equestrian lifestyle with stables and agricultural holdings in nearby Broadacres, Craigavon and Salfred.
Ansara says Witkoppen is comparatively cheaper with fewer traffic hassles than to most neighbour suburbs.
Broadacres is similar in terms of valuation, property set-up, LSM and lifestyle.
Erin Song’s places of interest and things to do
You can watch movies, play games, go to the theatre or check out any of the great restaurants. Montecasino Boulevard, Fourways. 0115107000
2 Tiger’s Milk
A great restaurant-cum-pub venue themed along the Hard Rock Café lines. I go whenever I feel like because it’s that close. Cedar Square Shopping Centre. Willow Avenue, Fourways. 0102861030
This is a stunning venue for functions and weddings. It has beautiful gardens and an amazing restaurant. Broadacres Lifestyle Centre, Valley Road and Cedar Road, Fourways. 0115401556
I like their contemporary sushi. Shop.U5.7, Cedar Square, Cedar Road, Fourways. 0114655561
Perfect for lunch with children. Rustic Timber Centre, 42 Witkoppen Road, Fourways. 0114674618 6 Mash Braai House For superb shisanyama. Witkoppen Road, Witkoppen. 0825798277