SAFE AND AFFORDABLE IN THERESAPARK
THERESA PARK is known for its relative affordability and for offering investors value for money. It has a selection of well-priced freehold properties on huge stands which make the setting ideal for raising a family. “In total 410 properties were sold in Theresa Park in the past year. These are in estates, full title,sectional title and land,”. The area’s average income per household is between R35 000 and R45 000 a month. “Spacious, luxurious and modern homes enrich this area. There are old and new homes with excellent finishes inside and outside. “There’s also rich soil so your garden is always green. Around 45% of existing owners have owned their homes for 11 years or more,”. Most homeowners are aged between 36 and 49.
“Value-for-money homes are affordable for most wage-earners,”. Newcomers can expect to join well-educated peers in a close-knit community offering easy access to proven centres of learning such as the University of Pretoria’s faculty of veterinary science and Belgium Campus. Theresa Park is also close to several well-thought-of schools, including Laerskool Danie Malan (established in 1904), Laerskool Rachel de Beer, Laerskool Voortrekker Eeufees, Höerskool Gerrit Maritz, Höerskool Pretoria-Noord and Assumption Convent.
Although the area is not known for a busy nightlife – most inhabitants have a conservative outlook– there are places of amusement in the vicinity or within a radius of 30km. These include the Wonderboom Nature Reserve, Hartbeespoort Dam and the Margaret Roberts Herbal Centre, all well-known getaways for residents seeking a break. There are also numerous wedding, party and functions venues in the area. This is a feature in most Pretoria North suburbs, such as Amandasig,Dorandia and Karenpark. It is thanks to the affordability aspect, which sees investors picking up huge stands at relatively lower rates.
Theresa Park is “friendly and business-orientated for middle-class people”. Theresa Park’s popularity has seen the area grow from a population of only 400 in the 1950s to more than 60 000 in the 2011 census.
The neighbourhood has earned its stripes as an affordable place of opportunity, and the demand for property there is consistently high. “Buyers searching for property here search in safe areas.” One new residential development is The Nest in Pretoria North, close to Theresa Park, for sale by Century 21 Montana. It offers units in a security estate ideally located close to schools, hospitals and other amenities, which include the Spar in Nina Park, popular with residents from all parts of Pretoria North; Northpark Mall in the Pretoria North CBD; and Wonderpark Shopping Centre in Karen Park.
In terms of valuation, property sizes, LSM and other factors, Karen Park, Clarina, Nina Park and Eldorette are the neighbourhoods that closely match Theresa Park’s profile.