Being situated next to OR Tambo International Airport and with easy access to both Johannesburg and Pretoria, Kempton Park has a diverse selection of both residential and commercial opportunities, and there is something for any budget.
“Often, Kempton Park locals tend to climb the property ladder locally, buying a smaller, less expensive home initially, and aspiring to own larger, more expensive properties later,” says Alan Phillips, Principal of Jawitz Properties Kempton Park. “The area affords an opportunity for any level of aspiration.”
The Gautrain has sped up the popularity and accessibility of the area, with Rhodesfield Station providing businesspeople the opportunity to live in Kempton Park and easily commute. Some choose to move out of the northern suburbs and find the sacrifice of time in the traffic well worth it when property prices are more reasonable.
Kempton Park properties situated more closely to the airport are less expensive, with average prices shifting dramatically when looking further afield in estates such as the Dunblane Lifestyle and Equestrian Estate, Serengeti Lifestyle Estate or the upmarket Glen Marais area. “An entry-level one bedroom property in Kempton Park could be priced from as little as R350 000, while upmarket estate homes could sell for R30 million. The diversity is vast,” adds Phillips.
Kempton Park’s CBD is popular too, though some locals may not yet have had an opportunity to explore it. “While it might be the more ropey part of Kempton Park, rental returns are booming. Living in the CBD caters to those who rely on public transport and gives easy access to chain food stores, shops and other city life conveniences.”
Phillips says a one bedroom basic apartment could rent for R4 500 per month, whereas a three bedroom sectional title home could rent in the region of R7 000 to R10 000 and would be further out of the CBD.
“Kempton Park also offers everything you’ll need, from the Arwyp Medical Centre Private Hospital to Festival Mall and more elite shopping options in Greenstone. It would depend on your preferences as to where you shop.”
Another noticeable trend is that of the emerging market moving out of local townships into luxury estates. “Living close to family still based in the local townships, while enjoying the comforts of living in an estate is a very appealing move. One can purchase a property for R2.5 million in Serengeti Lifestyle Estate or even an entry-level property in Dunblane for approximately R8 million to R9 million. There are a lot of options, depending on your budget,” explains Phillips.
In terms of commercial or industrial space, there is huge variety, from small mixed-use offices and factories to 10 000sqm warehouses. Agricultural options are also to be found, proving how endless Kempton Park’s property possibilities are.
The investment potential is firmly rooted around improvements to OR Tambo that are set to make the airport an attraction, not just a pitstop or destination. “It’s an interesting space to watch, and should bring about a positive effect on Kempton Park’s property market and prices as well,” says Phillips.
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