First-time buyer? Kempton Park suburbs offer great value
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With the buyer's market still active, first-time property-seekers are sitting pretty. Now's the time to strike and secure that dream home. Set your sights on Kempton Park with its unmissable opportunities. Located in the East Rand, this well-established area offers an enticing mix of top amenities, safety, and affordability. Kempton Park's suburbs each provide an exceptional lifestyle and plenty of property options for all pockets. And with the market on your side, you can make an assured real estate investment.
Factors driving Kempton Park's property market
Thanks to the booming property market, Kempton Park is seeing a surge in sales. The interest rate remains at a historic low, with the repo rate at 3.5% per annum. This makes it easy to pay back home loans, helping you get a foothold on the property ladder. The raised zero-transfer fees threshold remains in effect for properties costing R1 million or less, reducing costs.
There's good news if you require help with funding. Banks are motivated to assist buyers; there's been a distinct increase in the approval of 100% bond applications. There have even been exciting products launched such as FNB's collective buying home loan scheme, allowing up to 12 people to buy property together. Finally, if you qualify, a programme like FLISP can also assist you with funding your property as a first-time buyer.
In terms of supply, Kempton Park also offers plenty of options for eager buyers. Lightstone research has highlighted the appeal of Kempton Park for first-time buyers, ensuring properties are quickly snapped up from the market.
Affordable Kempton Park suburbs
Whether you're after a starter nook or forever home, Kempton Park's suburbs have great appeal. Here are some areas worth considering.
1. Glen Marais: This suburb is ideal for young professionals relocating for employment opportunities, families who require spacious homes, and young couples in search of their first home. Its sectional title and estate properties are desirable for their superb security features.
2. Kempton Park Central: Buying within the CBD places you at the heart of the hustle and bustle of Kempton Park. As a first-time buyer, you can save on transport costs as amenities are within walking distance. These include schools, convenience stores, medical facilities, and restaurants.
3. Edleen: With its green spaces and beautiful properties, this suburb is a popular place to put down roots. The Kempton Gate Mall on your doorstep provides a convenient stop for groceries, banking, clothing, or a quick bite to eat.
4. Birchleigh: This northernmost suburb of Kempton Park is arguably one of its most family friendly. There are two schools in the immediate vicinity - Laerskool Birchleigh and Hoërskool Birchleigh. A local reading centre can unlock your child's ability. There's also a public swimming pool, library, and park to keep the little ones occupied.
5. Pomona: If you're in search of a well-located area, look no further. Pomona enjoys access to major routes such as R21 and N12 highways, and the Great North road. The area is close to shopping centres, schools, and other amenities.
6. Birch Acres: This Kempton Park suburb will help you and the family meet your fitness goals. The area's streets are safe for jogging. There's a local gym and soccer field to help inspire a love of the sport from an early age.
7. Terenure: The suburb is close to schools, shops, the airport, and the R21 and N3 highways. It's an excellent choice for tranquil living. Of note is the presence of upmarket sectional title retirement homes in the area.
8. Bredell: This beautiful suburb provides a range of amenities including a school, post office, shops, restaurants, and even a kennel/cattery to board your furry friend. The nearby Dunblane Equestrian Centre also offers riding lessons and stabling facilities.
9. Bonaero Park: Perfect for mobile professionals and globetrotters, this Kempton Park suburb is just 10 minutes away from O.R. Tambo International Airport. Bonaero Park boasts plenty of spacious houses and townhouses with private gardens.
Buy your first home in Kempton Park
With favourable conditions and a range of budget-friendly property options, there's no excuse not to consider Kempton Park. Century 21 Kempton are your local property professionals in the area. With years of experience in helping first-time buyers find their match, we're ready to hand you your own set of keys. View our properties for sale here and make contact today.
Author: Century 21 South Africa
