Montana; Pretoria's Best Kept Secret
Category Property News
Tucked away on the foothills of the Magaliesberg in the north-east quadrant of Pretoria, is the steadily expanding suburb of Montana. Enjoying a sub-tropical climate and an essential network of amenities, the suburb is a residential gem and undoubtedly, one of Pretoria's best-kept secrets.
Before modern development began to take hold here, it was a thriving farming community predominantly comprised of small-holdings - this setup made it the perfect location for those who wanted to escape the busy city life. Today, it is a flourishing residential suburb that has retained much of its farmland heritage alongside modern growth and development.
However, echoes of Montana's past can still be found here as many of the modern homes rest on large cultivated gardens and boast an abundance of outdoor space.
When compared to the wider Pretoria, Montana is a relatively new suburb and this means that it is easy to find recently constructed homes here. This also means that dilapidated properties or ones that have been damaged through time are rare. Fortunately for buyers and tenants, this provides incredible peace of mind knowing that they are moving into a suburb with well-kept homes without much degradation.
The property market in Montana is a diverse mix of secure complexes and simplexes, apartments, freestanding homes, retirements homes and townhouses that are affordably priced. According to the latest reports, sectional-titles, particularly in apartments, are gaining widespread popularity as sales increase, tenant activity grows and strong capital appreciation boosts the value of homes.
The value of apartments have been steadily increasing over a ten year period - in 2009 the value of an apartment unit was R632 500 and this grew to R865 000 in 2018. This means that the capital appreciation for this property type is around 34%. There are many reasons for this increase, from inflationary factors to high demand from home buyers that are pushing property prices up.
In fact, in 2009 there were 60 sales transactions for apartments in Montana, and this number grew to 211 in 2018. However, the years that experienced the most sale activity was between 2013 and 2014, which respectively received 328 and 310 sales.
Although freestanding homes are losing popularity throughout South Africa, in Montana this market is stable with property values are increasing. Latest statistics show that the value of these homes increased significantly over ten years - from an average of R886 000 to an incredible, R1 550 000
Those moving into Montana are looking for well-kept properties that are affordably priced. Here, you can easily buy a two-bedroom home in a secure apartment for around R630 000 or a three-bedroom home in a secure simplex for around R950 000. For those looking to rent, prices can start from as little as R5000 for a two-bedroom apartment unit or R6800 for a three-bedroom unit.
Amenities and Key Roads
Residents of the suburb enjoy quieter surroundings that are far-removed from the busy city life, but this does not mean that it lacks modern amenities. Through the years Montana has developed and expanded a diverse network of amenities including top schools such as Hoërskool Montana and Revival Christian School; shopping malls such as Kolonade shopping centre and Montana Crossing; and hospitals and medical services such as Netcare Montana Hospital. It is also closely situated to unique attractions, namely, Roodeplaat Dam Nature Reserve and the quaint mining town of Cullinan that has an interesting historical past.
Even though Montana is a self-sustained suburb, with residents having easy access to key amenities, it is also strategically positioned to the wider Pretoria, which lies just a 15-minute drive away. While Johannesburg is under an hour's drive.
Montana benefits from a series of freeways that connects residents to Pretoria and the rest of the province - some of these include the N1, N1 Eastern Bypass and the N14.
Whether you're looking for spacious freestanding homes, modern apartments or secure complexes - the suburb caters to a range of requirements. To find out more about the homes in Montana, speak to our helpful agents today.
Author: CSi Property Group