Primarily a mining and farming town, the residential property market in Middelburg in Mpumalanga caters for a varied and broad range of home buyers and is currently experiencing a strong demand for homes to rent, says Elisme Swart, Pam Golding Properties area principal in Middelburg and nearby Witbank.
She says apart from the mines and construction companies, local major industries which contribute to the economy and demand for housing accommodation include Columbus – a chrome refining company, numerous mining equipment suppliers such as Barloworld, Babcock, JVC, Bell and MAN and companies which supply parts for trucks such as Transerve, TB Hydraulics, Bearing Man and Auto Spares.
“There is definitely an opportunity for buy to let investors to acquire homes at realistic prices to rent out to those working in industry. Contract workers employed at the mines and manufacturing companies tend to look for property to rent or buy as long as it’s at an affordable price, with purchase prices ranging from R450 000 to R650 000 and up to around R1 million. Homes to buy in this price range would comprise anything from a bachelor flat to two or three bedroom house or flat in the suburbs of Mineralia, Middelburg South, Nasaret and Mhluzi. These areas are situated within easy reach of the mines and most people living there utilise mine transport,” says Swart.
She says in the local township called Mhluzi there are small two bedroom, one bathroom houses available from R380 000 to R900 000. Houses to rent which have appeal for contractors start from R3 900 per month for a small two bedroom, one bathroom flat in Nazaret or Mhluzi, while in Middelburg South rentals start from R5 000 per month for a two bedroom house, and range upwards.
“In the middle market in Extension 18, newly built modern houses vary from R650 000 to R2 million in price and as this area is close to the local schools it is popular among families. Other new homes are coming to market in a new development called Sam Rose Valley which is situated in the suburb of Nazaret. Affordable housing in this new development is selling from R450 000 for two bedroom, one bathroom homes to R650 000 for three bedroom two bathroom homes – each with an open plan kitchen and lounge.
“At the other end of the scale Middelburg is also home to a large number of high net worth individuals and said to have the arguably the most millionaires among its residents. The affluent residents of the town are mainly mine or large construction company owners, many of whom are concentrated in the suburb of Aerorand. Houses here vary from R4.5 million to R30 million, comprising modern and luxurious five and six bedroom houses with large living areas, spa’s, swimming pools and lavish entertainment rooms and areas.
“Currently we are marketing two top-end, four-bedroom homes in Aerorand, priced at R4.5 million and R9.23 million respectively. Rentals at the top end of the market range from R9 000 per month up to around R20 000 per month, with an appealing four bedroom house with swimming pool currently available to rent for R17 500 per month in the sought after suburb of Golfsig,” says Swart.
PGP is also marketing sectional title commercial units of 100, 110 and 400 square metres in size which are available to rent in an office block well situated just behind Middelburg Mall. The ground floor comprises 400sqm consisting of a board room, kitchen, undercover parking and including air conditioning, switchboard system, back-up generator and cleaning services – at a rental rate of R153 per square metre. Upstairs on the second floor are offices of 110sqm at a rental of R81 per square metre plus 100sqm at R74 rental per square metre.
For further information contact Pam Golding Properties Middelburg on 013 2435903 or email firstname.lastname@example.org.