Faerie Glen in Pretoria East is one of those suburbs that have a lot to offer, even while still flying slightly under the radar.
The suburb is nestled on the southern slopes of the Bronberg Mountain Range, a proclaimed protected conservation area with hiking trails and a nature reserve and offer to the approximately 22 000 residents a village-style living within a tight-knit community. Quick access to the Eastern Central Business District of Menlyn, OR Tambo airport, N1 and N4 highways, hospitals and leading schools makes this a popular living area in the Tshwane Metropole. Many properties in Faerie Glen have lush gardens and big trees. Views of the Bronberg mountain range, the peaceful environment, low crime and relative mild climate are also major drawcards.
Gerhard van der Linde, Seeff’s MD in Pretoria East, says even though Faerie Glen is in close proximity to the focus development Menlyn Maine (earmarked to become the CBD of Pretoria East) it has still managed to keep its character as a peaceful and quiet neighbourhood.
The suburb offers affordable property options to prospective buyers that are not easily attainable in adjacent suburbs.
According to Lightstone the average price for freehold property in 2017 was priced at R2 088 million and sectional title at R1 190 million. In the past five years the prices of both freehold and sectional title units here have grown by almost 34%.
Van der Linde adds that there are many residential opportunities in Faerie Glen, especially between January Masilela and Solomon Mahlangu drives, where stands of over 1000m2 are ideally located for the development of a second dwelling or the so-called duet set-up or for subdivision.
“Faerie Glen is one of the older developed areas in Pretoria East and no more open areas are available for building big sectional title developments. There is however 4000 sectional title units in the suburb and any unit in a good condition which is priced correctly will sell without difficulty. Properties sold in Faerie Glen in 2017 were only on the market for 30 days on average.”
Faerie Glen can be broken down into an Old and New Faerie Glen. Old Faerie Glen generally offers larger freehold family homes with big gardens and townhouses and new Faerie Glen offers smaller, more modern dwellings. Here buyers can choose from duets, townhouses and estate homes”.
Van der Linde concludes that Faerie Glen is also home to the sought after Ruimtesig retirement development which is an established seasoned complex with beautiful views, well developed gardens and an operational frail care centre and dining hall.
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