Jan
2021
There is a trend in the property market where investors and home owners are drawn to smaller town like Despatch, Bothasrus and other suburbs of the greater Uitenhage. This trend is ascribed to the fact that a suburb like Bothasrus offers first-time buyers and established investors to seek out the larger homes which offer better value for money than towns that offer the upmarket properties with a higher price tag.
The other appeal is naturally that the homes in Bothasrus are large and offer owners the chance to buy a home that still has all the old world features like solid wood flooring, large kitchens and living areas which may need some renovation work and their stands are normally quite large stands which is perfect for families with children, offering the space to frolic to hearts content.
The property usage in Bothasrus is well-balanced offering freestanding homes, apartments and townhouses. Naturally for rental investors and first-time buyers this is also a stable investment due to demand which drives the stability of the sectional title market.
There are other factor which seems to be a trend is that buyers in Bothasrus is that they forego the slight inconvenience and slightly higher fuel expenditure and thus saving on the bond repayments.
The suburb is not remote thus lacking in access roads, schools and malls. It is a well-established suburb with roads and infrastructure having long since been established.
For example, to travel to industrial sectors there is Alexander Park Industrial on the doorstep and for those that have employment in Port Elizabeth it a mere 26 minutes’ drive or 28 km thus to offset a higher bond repayment against a slightly higher fuel usage makes financial sense..
Schools in or near to Bothasrus are Despatch High School, Die Brandwag High School and Susannah Fourie Primary School.
