In a time when real estate dreams are often displayed and analyzed on social media, Laws Real Estate’s recent ad for Borrowdale townhouses has ignited a spirited discussion on platform X (formerly Twitter) due to the nature of its structures and pricing.
The luxurious properties featuring at least two bathrooms, four spacious bedrooms, a dated kitchen, dining room, two lounges, and amenities such as a borehole and swimming pool, have become a hot topic.
Netizens have expressed a wide range of opinions on the value and affordability of these high-end homes.
The Hogerty Hill townhouse, in particular, has garnered significant attention.
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Priced at a reduced US$375,000 for a quick sale, this residence, which some unimpressed citizens feel lacks a harmonious blend of luxury and modern amenities, has ignited a spirited debate about its true worth.
While these homes undoubtedly cater to the upper market, the financial terms set by Laws Real Estate have become the center of discussions.
Information on financial packages, including mortgage deposits and tenures, has not yet been listed, though the acceptance of Nostro payments has been noted.
These terms have prompted users to weigh in on the practicality and appeal of such an investment.
The conversation took an intriguing turn when users began comparing this property to a South African one located at Mooikloof Heights Estate in Centurion Midstream Ridge.
The South African property, sold for USD 275,000 or ZAR 5,138,350, provided a stark contrast to the pricing and perceived value of the Hogerty Hill townhouse.
The online banter has showcased a spectrum of reactions:
“Buying an old house that may fall on you the next day urimu shower,” quipped @AfroEthic, highlighting skepticism about the property’s condition.
“Zimbabwe needs prayers. Why such an old house never developed and is overpriced,” lamented @manyika_ta5726, questioning the rationale behind the pricing.
“Tine nharo kani kkkkk. Siya takadaro,” added @TawawekwaKaseke.
“Buying property in Zim dzangova nharo,” echoed @machingura_tee.
“Comparing Mooikloof Heights and Hogerty Hill is an atrocity, coz wtf? A smart person will take Hogerty Hill,” argued @theheriondon, presenting a contrasting view favoring the Zimbabwean property.
The advertisement has not only sparked interest in the properties themselves but also highlighted broader issues within the Zimbabwean real estate market, including affordability, value for money, and the practicality of investing in local versus foreign properties. As the debate continues, it remains to be seen how Laws Real Estate and potential buyers will navigate these diverse opinions and whether the Hogerty Hill townhouse will find a buyer at its current price point.
