The southern suburbs of Johannesburg have undergone significant growth over the past two decades with retail and residential development, and older suburbs experiencing a resurgence.
Johannesburg South is rich in history and culture and is surrounded by the natural beauty of hills and wildlife reserves. The scenic landscape is part of what makes the area so attractive, together with its proximity to Sandton and Soweto. “The South” as it is commonly known, is divided into two main parts – the older part on the north side of the N12, and the newer part on the south of the highway. Johannesburg’s southern suburbs offer a variety of property from freehold houses to sectional title apartments and townhouses. The area boasts the recently developed Meyersdal Eco Estate and Eye of Africa Golf Estate as well as residential developments aimed at the R1.5 million and below price range.
The neighbourhood has an array of malls, schools and social amenities. Furthermore, a variety of recreational activities such as cycling, golf, bird-watching and hiking are within easy reach. So too is Gold Reef City and the Johannesburg CBD, which has become a hotspot for dining out and entertainment. “Recent years have brought extensive property development to Johannesburg’s southern suburbs due to property buyers ‘rediscovering’ the neighbourhood. The area offers affordability and value for money and continues to attract young executives and families,” says Craig Hutchison, CEO of Engel & Völkers Southern Africa.
Focus on Oakdene
Lying in the South of Johannesburg, Oakdene is nestled amongst the neighbouring suburbs of Linmeyer, Rosettenville, Glenanda and Bassonia. The area is picturesque with hills and nature reserves making up part of the unique landscape. Oakdene is close to the Johannesburg CBD, an area which has been reinvigorated and is now a popular dining and entertainment hotspot, with hip restaurants, cinemas, rooftop markets and more on offer.
The leafy, well-established suburb is a mere five kilometers from Gold Reef City and a 20 minutes’ commute to OR Tambo International Airport. Part of the City of Johannesburg Metropolitan Municipality, Oakdene is a reasonably valued, family oriented, middle-class suburb ideal for new or growing families and those in corporate positions. The market in Oakdene has definitely seen a shift in the past few years. Entry level apartments start from around R720 000 and can go upto R1,5 for more luxurious options. Whilst your freestanding properties average around R1,6 to R2 million with the top end standing at over R5 million.
Ideal for Young Couples and Singles
Selling and buying trends show that the 18 to 35-year-old age group as well as the 36 to 49 age group are the predominant buyers and owners of residential property in Oakdene, giving the area a very particular, youth-orientated and vibrant culture. Craig explains that residents of the area have been drawn to it because of various factors that include the practical proximity to important amenities and activities, as well as affordability and developmental opportunities in the area. “People are also attracted by more abstract, but no less tangible, factors such as vibe, scenery and ambience. These elements are equally important to a sound investment, as they offer a lifestyle opportunity to mix and mingle with like-minded individuals,” Hutchison adds.
Stanley Park Estate
Engel & Völkers is selling Stanley Park Estate, which is situated in Oakdene. The estate is positioned in a prime location with easy access to major highways and roads, namely the N12 and consequently the M1 as well as Sandton and Rivonia via the N1 Southern Bypass. Stanley Park attracts young couples as well single people entering the middle-class sectional title market and the rental market, as the estate offers excellent long-term investment prospects. The Estate includes 24-hour security, gas hobs which are extremely cost-effective and energy-saving, a clubhouse, swimming pool, braai facilities, and communal gym for the fitness fanatics and easy access to public transport. With regard to architecture, Stanley Park offers ultra-modern, stylish and first class living with breath-taking views. One, two and three bedroom apartments are on offer and each unit is equipped with a gas hobs and electrical oven, the kitchen has been especially designed to allow space for three appliances and prepaid electricity and water units have been installed. Each unit also includes DStv points, is internet fiber ready and has covered parking and ample visitor’s parking for guests.
Affordability and lock up and go Lifestyle
With affordability considerations making sectional title properties the preferred entry point for first-time buyers and investors, demand for such properties is set to remain brisk for the imminent future. Sectional title properties offer sound capital growth and in line with this, price growth in this housing segment is still outstripping growth in freehold prices. “The demand for convenient, hassle-free sectional title units accessible to the workplace and all amenities continues and Stanley Park Estate in Oakdene fits squarely within this rising trend. It offers modern design, convenience and access to a plethora of entertainment options all ideally suited to a hip, contemporary, lock up and go lifestyle,” Hutchison concludes.