By Dr Eugene Brink
Due to its convenient location close to Pretoria and even Johannesburg’s northern suburbs and its wide array of amenities such as malls, churches and top-notch schools, Centurion is a popular residential area for a variety of people.
Young professionals, families and retirees are all drawn to this centrally located town for diverse reasons.
According to property listing website Property24, the average price of property in Centurion is now R3 289 647. This may seem like a large sum to newly weds or the student starting at her first job, but luckily this is merely an average of the entire property market and therefore not indicative of everything Centurion has to offer.
This is reflected in RE/MAX of Southern Africa’s most recent estimates. The average house price amounted to R2 100 000 in 2018. The estimate was R660 000 for apartments.
According to Seeff, first-time homebuyers can find lock-up-and-go units in newish complexes close to important roads and the Gautrain station for between R700 000 and R1,5 million. Areas such as Kosmosdal, Eco Park Estate en Heuwelsig Estate are all attractive options for first-time buyers and are more affordable than the older, more established areas.
Some 30% of properties in Centurion are located in 60 security estates, according to Seeff. These range from the pricey Cornwall Hill, where homes are priced up to R30 million, to homes in some estates priced from as low as R1,5 million. The security factor has increased demand for estate living in Centurion, but also because of a better resale value in general.
Of course, one cannot analyse the property market in Centurion without discussing the rental market. And it is strong across all bands because of the difficulties of qualifying for a bond – the most popular being the bracket between R5 000 and R8 000 per month for a one- or two-bedroom apartment.
RE/MAX says property owners in Centurion tend to be more settled and range mainly between 35 and 49 years of age, but this is changing. Recent buyer statistics indicate that younger buyers between 18 and 35 are also moving into the area. This has probably applied upward pressure to sales in apartments over the last few years, and provided a fillip to the rental market.
Properties listed on Property24 in Eldoraigne, a prominent suburb of Centurion, range from a townhouse with three bedrooms, two bathrooms and two garages for R1,3 million, to a four-bedroomed house with 3,5 bathrooms and two garages for R2 120 000. On the other side of town in Pierre van Ryneveld – close to the R21 highway – a house with two bedrooms, one bathroom and double garage, is priced at R1 350 000. A townhouse with two bedrooms, one bathroom and two garages is up for grabs at R1 100 000.
In the centrally located Zwartkop, two four-bedroomed houses with two garages and bathrooms are on the market for a reasonable R2 200 000 each. A three-bedroomed townhouse with one bathroom and single garage goes for roughly R900 000.
Property24, 2019, “Property values in Centurion”, https://www.property24.com/property-values/centurion/gauteng/3.
RE/MAX of Southern Africa, 2019, “Centurion information”, https://www.remax.co.za/property/for-sale/south-africa/gauteng/centurion/.
Seeff, 2019, “Centurion area review”, https://www.seeff.com/branches/centurion/1262/.