Boardwalk holds plenty of potential because it is still developing and attracts mainly young middle-class buyers as well as older and more affluent residents to an area tipped for even better future growth.
Vitor and Karen Afonso of Seeff Pretoria East are tried and tested hands in this area. They view Boardwalk as being worthy of every investor’s consideration, given its large property portfolio and that all available properties are housed in estates with 24-hour security.
Boardwalk is worthy of every investor’s consideration and all available properties are
housed in estates with 24-hour security. - Vitor and Karen Afonso, Estate Agents, Seeff Pretoria East
Picture: Supplied
“Boardwalk mainly consists of four estates, Boardwalk Manor, Boardwalk Meander, Boardwalk Villas and Boardwalk Meander B. “Boardwalk Villas comprises five sectional title complexes, all stack units, while Boardwalk Meander B is exclusively sectional titles,” says Vitor Afonso.
The price spectrum in the area ranges from below R800 000 to topof-the-range homes priced in excess of R3 million. Overall, sectional titles have performed much better than full titles, particularly in Boardwalk Villas, says Karen Afonso.
“As they are stack units the price is lower. There have been 18 sales over the past three months in Boardwalk Villas and a total of 74 sales over the past year.”
Of these sales, just under 30% was priced between R800 000 and R1.5m; the rest less than R800 000. Boardwalk Meander, meanwhile, has recorded 47 sales over the past year and 12 in the past three months, with eight of these priced above R3m, says Karen.
As for Boardwalk Manor, it’s realised 10 sales over the past year and four in the past three months. “This shows owners tend to stay longer in Boardwalk Manor than in Boardwalk Meander before selling,” says Vitor Afonso. These two estates also offer better comforts such as enhanced security, better facilities and features such as walking trails within the estate.
The agents point out the rentals market in Boardwalk is equally diversified, given the wide income range, with rents varying from around R6 000 to more than R40 000 a month. Overall, rentals are most common in Boardwalk Villas.
“Every kind of style housing is available, from contemporary, traditional, modern industrial to Tuscan and more,” says Vitor He adds the build quality of the properties is generally good, with finishes ranging from high to average. Property sizes vary widely, from 82m² at the stack units, to full title properties above 1 000m², says Vitor.
Boardwalk is attractive to many for being modern, having been established about 17 years ago. “The Boardwalk area has basically everything you need for a comfortable lifestyle within a 4km radius,” observes Karen, who lists amenities which include shopping centres, hospitals, restaurants and retirement villages.
Nadette Stander’s favourite places and things to do
Boardwalk is conveniently situated close to Olympus Village Mall, which has lively restaurants, a flagship retail supermarket and most basic services. It’s also central and close
to good private and public schools. Security is at a premium and there are many green areas in Boardwalk to take the family for a walk. The properties are of great quality. - Nadette Stander, resident
Picture: Supplied
1 Gust’Oh
It’s a nice, well-priced restaurant, with a huge kids’ play area, outdoor seating and a fountain adjacent to it. 6318 Olympus Drive, Olympus AH. 012 991 2790
Gust’Oh is a well-priced restaurant. Picture: Supplied
2 Vovo Telo
This French country restaurant is wonderful for breakfast or an excellent coffee with friends. 7 Achilles Road, Olympus AH. 012 991 0391
3 Menlyn Maine
There’s lots of entertainment and shops as well as a great selection of restaurants. Cnr Aramist Street and Corobay Avenue, Waterkloof Glen. 012 361 7758
4 Woodlands Boulevard
It’s a distinctive shopping centre, with a good mix of shops, some of which you don’t find elsewhere nearby. Cnr Garsfontein Road and De Villebois Mareuil Drive, Woodlands Boulevard, Pretorius Park.
5 Grayz Coffee Shop and Eatery
Gem of a coffee shop, overlooking the Moreleta Spruit. Boardwalk Office Park, 107 Haymeadow Street, Faerie Glen. 012 991 0759
6 Steak-Inn
Great selection of steaks. Boardwalk Lakeside, Haymeadow Crescent, Faerie Glen. 012 991 4733