Our pick of the week featured properties for sale which will take your breath away.

Live, work and play lifestyle in Johannesburg South

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.

For more information, go to www.stanleypark.co.za

Midrand – Growing property investments potential

By Veruska de Vita

Gauteng has been undergoing massive infrastructure upgrades and residential development over the past two decades with Midrand being one of the key corridors earmarked to lead this growth plan. In the last two decades Midrand has enjoyed exponential growth and continues on the upward trajectory, with plenty of room and opportunity for investment. The area has grown into a residential and commercial hub with executive office parks, malls, social amenities and a diverse spectrum of residential offerings.  Underpinned by ongoing rapid commercial growth, Midrand remains an attractive area for first-time buyers and investors.

“Midrand offers a range of price points in terms of residential property and this attracts a cross-section of buyers. The strategic location of Midrand makes it a very desirable area for families wanting to buy property as well as investors looking for high yield investment opportunities. There is no doubt that the area is positioned for a positive long-term outlook,” says Sancha Olivier, Project Manager of Engel & Völkers Developer Driven Projects.

Focus on Clayville

Clayville, an area of Olifantsfontein, is in the heart of Midrand and falls under the Ekurhuleni Metropolitan Municipality. It is poised to be the next residential hub. Areas of Clayville have been staked as part of the Clayville-Tembisa Mega Housing Project, which will benefit the entire area by undertaking urban renewal, creating employment opportunities and the upgrading of infrastructure.

Clayville is a peaceful, safe and quiet suburb conveniently situated on public transport routes, with easy access to the N1 and R21. The area is surrounded by a number of convenience and regional malls including Blue Hills shopping Centre, Boulders, Carlswald Lifestyle Centre, Tembisa Phumulani Mall as well as the shopping and entertainment destination that is Mall of Africa.

In terms of positioning, the suburb is a mere 20 minutes’ drive to either Pretoria or Johannesburg CBD, 40 minutes’ away from Sandton CBD, a 15 minutes’ drive to OR Tambo International Airport and just 20 minutes from Midrand Gautrain station.

There is plenty to do around Clayville, families can take a day outing to the Stoke City Adventure Park, plan a trip to the local library and in summer enjoy a day in the sun at the Olifantsfontein communal swimming pool.

Midrand Village the perfect choice for a family or property investors

Positioned in Clayville, Midrand Village offers an excellent selection of properties for the first-time home-owner as well as investors wanting to expand their rental portfolio. Midrand Village is a private and neat 24-hour security, access controlled estate with patrolling guards for added peace of mind. It comprises 335 uniquely designed free-standing homes with modern interior finishes and spacious, walled-in gardens for extra privacy. Midrand Village is a pet-friendly estate that offers a safe environment for children and includes open park areas, a soccer field and a jungle gym.

The units vary between 2-3 bedrooms, 1-2 bathrooms, with either a covered, lock-up carport or garage. All units have functional open plan kitchens and spacious living areas, energy saving solar geysers and prepaid electricity metres. Stand sizes range from 326m2 to 1355m2.

Midrand Village offers an authentic neighbourly atmosphere and a true sense of belonging.  From a game of soccer on the communal areas to moms meeting at the jungle gym for a chat, it’s a way of life that connects like-minded residents. In the estate, the diversity of cultures creates a sense of community, safety and security which is very satisfying.

“Buyers don’t simply look for bricks and mortar, they buy lifestyle. They want a home in an area that has excellent infrastructure, amenities, schools, malls and are central in relation to business hubs. They want to be part of a community. Well-located urban properties, such as those on offer within Midrand Village, provide buyers with a desirable lifestyle and sound investment returns over the long term,” concludes Olivier.

For more information, visit www.midrandvillage.co.za

Creative Property Investments

Investing in property is invaluable, offering long-term rewards and is still regarded as one of the safest permanent investments. Most people would like to diversify their property portfolio but think they won’t be able to afford it or that they will not have the money for a deposit.

“Purchasing investment properties can be capital intensive, but there are ways to reduce the capital requirements by approaching the investment in an informed manner.” says Craig Hutchison, CEO Engel & Völkers Southern Africa.

When it comes to property investment, there are many strategies to adopt, depending on your personal situation and goals. We look at a few creative ways to approach your real estate investments:

  • Partnerships: a typical way of obtaining financing. It is the way many young real estate entrepreneurs go about financing their projects. By finding investors who can put the money up and split the profits on the upside. This also limits your risk and makes the money go further.
  • Private Lenders: a less risky alternative to a better cashflow. This is because you can often arrange the terms of repayment with the private party. They can be anyone such as a friend or business acquaintance. The loan’s terms are agreed upon by the two parties, which can make purchasing a property with little or no moneya likely possibility.
  • Rent-to-own or lease with an option to buy: This option is especially great when considering how to buy first rental property. If you have a lease-option for 5 years, at the end of that time, you will need to purchase the house and can get a bank loan then. Meanwhile, you can use the time to fix your credit and/or save for a down payment. Some contracts may put some or all of the rental amount towards the deposit.
  • Use a home equity line of credit from another property:If you have equity in another property, you could use that as a deposit on purchasing another investment property.
  • Borrow against your own home: Some people in this situation choose to extend their mortgage to release the cash to invest elsewhere. Some financial institutions will be happy for you to borrow more against your house in order to invest in property. Once you are able to buy an investment property, you can refinance it in one year.
  • Rent rooms in your home: If you own your own home, you can raise money by renting out a spare room. If you’re willing to put in more work, you’ll get higher returns by renting your room through a short-term lettings agency. The profits can be very high if you live in an area with decent tourist, student or business demand.
  • Borrow money for a deposit from a relative: If you are fortunate to have a relative with some extra funding and you really know your stuff and can produce a compelling business case, it might be worth a shot, asking them for funding towards/for a deposit to purchase the property.
  • Invest with friends: If your friends or business partners are also have a passion for property, you could always invest together. If you do decide to invest with someone you know, make sure you’re 100% aligned, discuss what you want to do, and all those scenarios that could go wrong. Plan what will happen if someone wants to sell and the other doesn’t – or one person needs their money back unexpectedly, and get it all down in writing.
  • An instalment sale: Is an agreement, documented in a water-tight contract between a buyer and a seller that the buyer will pay off the purchase price in monthly instalments within 5 years. This enables a buyer to acquire a property by paying the seller in more than two instalments (in usual bank-financed transactions there are two instalments: the deposit and the final settlement amount) and over a period longer than one year, but not longer than five years. Once a buyer and a seller have agreed on a price, the payment arrangements and the terms and conditions, a special purchase contract is drawn up by attorneys that specialise in ALA transactions, which meets all the requirements of the ALA to ensure the transaction is legal and protects the interests of all parties.

Only a handful of investors will make it past their first investment whilst climbing the property ladder even though their intentions were to make it big in real estate. “Establishing and expanding your property portfolio needs to be done with careful forethought to ensure you get the most out of it” Craig concluded.

Featured listing: Natures Living at its best in Hawaan Forest, KwaZulu Natal North Coast

About the property:

Nestled in Hawaan Forest Estate, One of the North Coast’s most exclusive gated estates, this luxurious jewel has been designed as a work of contemporary art and creates a living experience unmatched anywhere in the region. Masterfully designed by Paul Nel, who has created just the best of the best, the exemplary design of this masterpiece emphasises an amazing continuity between nature, indoor and outdoor living.

The single level home boasts spectacular reception rooms with impressive floor-to-ceiling glass with breathtaking views of the Hawaan Forest Estate that gives you that true out of country feel. Three spacious rooms and a separate tv/lounge that can be converted into the 4th bedroom. The Main en suite walks out to an amazing outside shower. In all rooms the clear volume, straight lines and simple shapes harmoniously define the modern architecture. Other joys include an outdoor pool, exclusive coffee service bar, entertainers patio, pit fire area and a three-car garage.

 

3 |  2  |  397 sqm  |  1,045 sqm  |  3

 

Find out more about the property:

Contact Engel & Völkers North Coast

Conrad Vorster 083 306 1768 or +27 31 561 4353 or view full details by visiting their website

Hawaan Forest Market Overview

The estate comprises 87 full title homes. Owners are mostly in the LSM 10+ group and although the area has a diverse group of homeowners, it is a popular area for owners aged 36 – 49 years of age. The area has seen 5 sales in the past 3 months to the value of over R42 million. The average price for properties in this area range at around R8-10 million with exceptional higher end properties reaching beyond this mark. This specific property is an example of a unique property which is a must for those seeking the ultimate luxury in life.

 

About the Area:

Amenity Type Distance (km)
Umhlanga Rocks Beach 2.27 km
Selection Beach Beach 3.67 km
Newsel Beach Beach 4.69 km
Caltex – Lighthouse Service Station Filling Station 2.30 km
Engen – Umhlanga Filling Station 2.30 km
Caltex – Gateway Filling Station 2.71 km
Police SAPS – Umhlanga Rocks Police Station 2.02 km
Police SAPS – Umhlanga Rocks Police Station 2.36 km
Atholton Primary School Primary School 1.21 km
ML Sultan Blackburn Primary School Primary School 3.19 km
Crawford College – La Lucia Secondary School 4.56 km
Hilken Shopping Centre Shopping Centre 2.06 km
Umhlanga Shopping Centre Shopping Centre 2.23 km
Lighthouse Mall Shopping Centre 2.28 km

Getting there: