Spotlight on Kempton Park's thriving property market
Category Market Advice
Despite the current economic climate, Kempton Park's property market has remained resilient. Located on the East Rand, this well-established urban area continues to attract buyers and renters in search of quality living. To help you make your best move in the area, De Lucia Group's property professionals unpack what makes it such a fantastic choice to put down roots.
Kempton Park is in a prime location
Tinus Coetzer, Property Practitioner in Real Estate, and Kevin Gie, HOD of Rental Sales, say Kempton Park's location is highly sought after.
"Kempton Park is a well-located town. It is especially popular with people who work in Midrand, Pretoria, and Johannesburg, primarily for its value-for-money properties. The city offers every amenity from excellent shopping experiences to fine dining, a country club, top-class golfing, and much much more," says Coetzer.
Gie agrees, also pointing to Kempton Park's Aerotropolis. Its presence in the area has created job opportunities, made travel more accessible, boosted the local tourism market, and helped property values in the area soar.
Kempton Park is popular across demographics
According to Gie, Kempton Park is a place for everyone with demographics "evenly spread" because of the employment opportunities on the East Rand as well as the reasonable rental prices and various options available.
In terms of sales, Coetzer says that De Lucia Group is seeing a great demand for properties from young professionals in the age group of 25 to 35, and families with school-going children due to the area's top-class primary and secondary schools, both private and public.
There's also a high demand from retirees who are seeing the perks of moving into the array of retirement villages situated within the suburbs of Kempton Park.
Kempton Park properties on offer
From the property sales side, Coetzer says Kempton Park offers options you would expect from any large vibrant city. These include conventional houses in the lower, middle, and higher price ranges, to sectional title simplexes, duplexes, townhouse complexes, and apartment complexes. The area has several of the best state-of-the-art security estates, including the renowned Serengeti Estates, Glen Eagle Estate, Glen Erasmia Boulevard, and Blue Gill Estate.
For those in search of a rental property, Gie says there's a place to suit everyone's pocket.
"The options are wide and range from R2,900 for a bachelor unit in the CBD to a R45, 000 per month rental for a luxury property in Serengeti Estates. You will find your preferred rental property size be it a one-bedroom unit, a two or three-bedroom unit, furnished apartments, and houses."
Kempton Park property trends
With such a booming property market, there are some exciting trends shaping Kempton Park. Gie says that newly built units, apartments, and properties that come with pre-paid utilities are in demand at the moment. Renters are prioritising comfort and convenience and snapping up properties fitted with gas and pre-paid electricity meters. Modern, neat, low maintenance units and "lock-up-and-go" type models are also doing well.
Coetzer highlights the current economic conditions. He is seeing a lot of first-time homebuyers taking to Kempton Park given the low-interest rate.
Advice for Kempton Park buyers and renters
With so many options, the Kempton Park property market can seem daunting. However, Coetzer and Gie believe those looking for a home can do well by following sound advice.
"Homebuyers, ensure you choose an agent who will guide you through all the steps of your purchase. It pays to have a well-thought-out budget. You should also be realistic in your expectations. Don't overcommit yourself financially. Buy without emotion but with a clear head," advises Coetzer.
Gie says if you're looking for a rental property, you should "ensure you keep your rental record clear to avoid any future complications when applying for a rental property in the future by paying rent on or before the first day of each month. You should also keep your property well maintained to stay on good terms with your landlord."
Kempton Park property specialists
To reach your property goals, both agents say that partnering with a local area expert can really make a world of difference.
"De Lucia Group has served the Kempton Park community since 1973," says Coetzer. "With over 48 years of real estate expertise, we offer more than most other real estate companies. You can turn to us for in-house bond origination, rental assistance for landlords, management of sectional title and homeowners' associations, and short term insurance. We pride ourselves on customer service and will never hesitate to go the extra mile for our clients."
De Lucia Group welcomes property buyers and renters to contact our team. We have a ton of knowledge, experience, and advice available that can help you through every step of your real estate journey. View our Kempton Park properties for sale or to let. Then, send a message to De Lucia Group, call Michael De Lucia directly on 082 493 1089, or email michaeldl@delucia.co.za.
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Author: De Lucia Group
