Alberante Estate Information
Alberante Estate is situated close to Johannesburg in the suburb called Alberante, which is located in the municipal area of Ekurhuleni in the Gauteng Province. It is a developing estate that boasts freestanding, as well as sectional title scheme units.
Alberante Estate is close to Alberton City Shopping Centre, Netcare Union Hospital and Clinton Clinic. Many of the Doctors and specialists that practice in the above hospitals live in the Alberante Estate.
In the main, property prices in the Alberante Estate range from R2.5 million up to R6 million.
The majority of the market stock in this exclusive estate consists of freehold units, with a smaller portion consisting of sectional title units.
Alberante Estate is a must for any prospective property investor as it offers you the luxury of estate living and is ranked nationally on par with estates found in the Western Cape and KwaZulu Natal. It is one of the most upmarket and exclusive residential areas in the Alberton area.
Alberante Estate Location
Alberante Estate is situated 12.5 km’s south from Johannesburg Central and is situated within close proximity to major highways and off ramps, making it easily accessible.
The main business and industrial areas are within close proximity with Gosforth Park, Alrode and Wadeville being only 12 minutes away. OR Tambo International Airport is also conveniently situated just a mere 20 minutes from the Estate.
Alberante Estate is situated in the southern parts of the Gauteng Province and is bordered by two provinces, namely Mpumalanga Province to the east and the Free State Province to the south. The climate in the Gauteng Province compliments the surroundings in and around the estate, making it possible to enjoy the summer and winter month’s alike.
Alberante Estate General Information
Alberante Estate is originally one of the first extensions of Alberton that was converted into a residential Estate in the recent years.
The estate itself is characterised by gracious homes and you are able to choose an estate home that best suits your needs, as they are available with 2, 3, 4 or 5 bedrooms. This upmarket estate will no doubt satisfy the most discerning individuals that desire the highest standard of living with quality security and maximum safety.
According to the most recent Lightstone area report, the Alberante Estate boasts nearly 340 properties of which 61 are held in Sectional Scheme units and the majority are Freehold units.
Demographics of Alberante Estate
The average age of the residents is between 36 and 49 years of age, which is indicative of a middle-aged family community.
Second to the middle aged residents are the mature and young adult residents.
According to the statistics, the young adult residents were the majority of recent buyers, with the majority of recent sellers being found to be the mature residents.
Home Sales in Alberante Estate
Homes in Alberante Estate continue to sell well, particularly the ones that have been upgraded.
Of the property transfers that took place in the past 12 months there were 2 first time registrations of Freehold units, 16 repeat sales of Freehold units in the same period and 4 of the Sectional Schemes units.
The total number of units transferred was 22 for this period with the majority of sales being between the R1.5 million to R3 million price ranges, with 8 of these transfers being done within the previous 3 months alone.
There were 22 bond registrations of which 17 were registered as ordinary loans, 2 as further advances and 3 as switch in’s. The lending by financial institutions was spread across various banks and is indicative that the lending institutions support the purchase of properties in an estate environment.
Author: Barry Davies