Providentia is middle to the prestigious residential suburb of Port Elizabeth and has a mixed usage consisting of freehold homes, apartment complexes and sectional-title townhouse complexes.
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The property usage in the suburb appears to be predominantly apartment complexes, townhouses and some large executive properties. This mixed property usage attracts the whole market which in turn ensures stable growth in property values. Apartments are a source of investment for the rental market as the suburb is close to Nelson Mandela University. Thus, investors are guaranteed a steady stream of students seeking affordable accommodation. First-time buyers also flock to the suburb because apartments have a broad pricing spectrum and an almost certain increase in value.
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The suburb is in a prime location which is a factor to consider given the cost of fuel but also the convenience of short distances and time spent in congested traffic. The suburb is close to all the major commercial and industrial nodes, schools and malls.
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This is an affluent established suburb that showcases modern architecture mostly found in residential and lifestyle estates. Overlooking the tip of the Indian Ocean is one reason for the property values and the Port Elizabeth International Airport is also situated in the suburb, adding convenience for business travel to other regions of the country
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Springfield is a middle upper-class residential suburb of Port Elizabeth which attracts the whole buyers market and this is due to the property make-up. The property usage consists of apartment complexes, duets, sectional-title townhouses, freehold homes, vacant stands and cluster homes.
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Lochvaal is situated on the banks of the Rietspruit Dam which flows into the Vaal River. Being situated on the water's edge is in part where the property values stem from then, of course, the homes are a mixture of classic contemporary, modern and a variety of typical farm and homestead architectural designs.
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Driving through the middle upper-class suburb of Overbaakens one can see why it is such an appealing suburb. Modern homes, high-density townhouse complexes, estates and apartment complexes sketch a picture of wellness. There are still numerous pockets of land that are currently being developed which means property values will continue to increase which may also be a factor buyers consider the suburb as a residential address.
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Of course, estates do set the trend in property values, followed by farms and then smallholdings. The pristine natural surroundings and wildlife add their own value and Roodeplaat has no shortage of wildlife.
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Opulence and lavish living are synonymous with the Aquavista Mountain Estate in Bronkhorstspruit. The estate is situated on the edge of the Bronkhorstspruit Dam and as with any property development, a natural feature like a dam and pristine surroundings do add more value to property, This is seen in beach-front property and the same is then true for property on dams and rivers.
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The well-established or rather, old suburb of Eloffsdal set on the southern slopes of the Magaliesberg Mountains, does not lack nostalgia. Driving through the suburb and looking at the apartment building the blue hard face bricks hark back to the late 1950s to early 1960s and the metal kick plates lining the bottom of lounge windows. That was an era when it was highly fashionable to own an apartment. It was a lifestyle for those who had a statement to make, be it fashion or wealth.
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