Tuesday, 6 December 2011

Sleepy Muldersdrift wakes up

Muldersdrift, traditionally a quiet agricultural area characterised by smallholders keeping a few horses, sheep and chickens, has become the new housing hotspot on the West Rand.

"It's the new hip place to be", says Sienie van der Merwe of the local Aida office. "Muldersdrift is now the focus of new residential development on the urban edge and buyers are spoilt for choice between sectional title units and units in housing estates.

"It is conveniently located within easy reach of Lanseria airport and many professionals who have to travel often prefer to fly from  - and live near - Lanseria rather than battle through traffic from the West Rand to reach Oliver Tambo International," she says.

"It is also near the main routes leading to Pretoria and Midrand, where many residents work. And once the upgrade of the R28 crossing to Muldersdrift is completed, access to and from the main routes will be much improved."

New office blocks are also drawing businesses to the area and Van der Merwe expects that this will stimulate the local residential market as employees come to realise the benefits of living close to their work places in an area that also offers a sought-after lifestyle.

"Another draw card is the nearby Ruimsig Golf Course - especially among retirees and businessmen. And the Silver Star Casino on the R28 is a popular entertainment hub on the West Rand. It has become a favourite venue for a night's entertainment at the many excellent restaurants or at one of the regular shows," she adds.

Prices of townhouses in the area start at around R700 000 for a two-bedroom unit, while units in security estates such as Featherbrook start at around R2m.

The demand for development land has seen prices escalate, she says. Undeveloped agricultural holdings of 1ha that can be rezoned for development now reach prices of about R2m.

Developed holdings are selling at prices ranging from R1,5m to R7m, depending on location. "But," says Van der Merwe, "at these price levels buyers are making lifestyle choices - the days of buying a holding in Muldersdrift with an eye to growing a few crops or running a few sheep are numbered."

Issued by Aida National Franchises
Aida head office: 012 682 9600
Contact: Young Carr
Aida Randfontein: 082 854 7196
Contact: Sienie van der Merwe

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