The peaceful, tree-lined suburb of Gallo Manor offers first-time buyers and young families an excellent entry to Johannesburg’s upmarket northern suburbs, with accessible prices ranging between R1.6 million for a comfortable sectional title property to R6 million for a spacious family home with all the bells and whistles.
This four bedroom, two bathroom home for sale in Gallo Manor, Sandton, has a covered patio with built-in braai and travertine marble tiles, swimming pool and ample garden. The house has a gourmet kitchen with gas and built-in Miele appliances and separate scullery, and is selling for R4.25 million - click here to view.This is according to Alan Bak, Area Specialist for Lew Geffen Sotherby’s International Realty, who says an investment of between R2.3 million and R3 million will buy a comfortable freehold family home on a sizeable erf, compared to neighbouring suburbs like Morningside where the entry-level price for houses is now nudging the R4 million mark.
“In areas like Morningside and Sandton, the only single title homes that are still available for under R4 million are those which are much older and are often bought for the land. The houses are then demolished to make way for modern houses, which are generally worth at least three times the original price,” he says.
Bak says although 95% of the properties in Gallo Manor are freestanding, the few sectional title properties available are in great demand as they also offer excellent value for money.
“According to the Deeds Office, in 2009 the median sale price of sectional title properties was around R1.16 million, and despite a slow start to the market recovery, this average had jumped to R1.4 million by 2014, and has further increased substantially to R1.7 million in 2015 to date.”
Bak says these properties are likely to increase in value exponentially in the near future as there is no more land available in the area for further development and the suburb is becoming increasingly popular with investors who are now realising the value for money that Gallo Manor still offers.
This two bedroom, two bathroom townhouse selling in Gallo Manor has been completely renovated. The property is situated in a pet-friendly complex and has a covered patio, private garden and swimming pool. It is on the market for R2.3 million - click here to view.Lew Geffen, Chairman of Lew Geffen Sotheby’s International Realty, says a major appeal factor in a city where security remains one of the main factors influencing home buying decisions is that Gallo Manor is a high security area with access control.
“Aside from the security aspect, figures from the property data company, Lightstone, show that property prices in access controlled areas in Johannesburg have increased on average by 10% more than they have in other areas over the past five years, which makes Gallo Manor a sound investment in both the long and short term.”
This has resulted in a very cosmopolitan demographic as investors from all walks of life are drawn by the secure upmarket lifestyle and proximity to all the top-class amenities on offer in the northern suburbs.
Bak says there is a large Jewish community due to the number of synagogues and a Jewish day school, King David, in the area. There has also been an increase in Asian and Muslim buyers as a result of new mosques in Riverclub and Morningside.”
Bordered by Wendywood, Morningside and Woodmead, Gallo Manor is close to the vast Buccleuch Interchange linking the N1, M1 and N3 highways, which offers residents easy access to the busy commercial nodes of Sandton City, Kyalami, Fourways and Midrand, as well as OR Tambo Airport.
This four bedroom, two bathroom home on the market in Gallo Manor has a living area with wood-burning fireplace leading to a patio with swimming pool and garden. It has a double garage and generator that powers the whole house. It is selling for R3.495 million - click here to view.There are also many excellent private and government schools in the neighbouring suburbs, as well as first-class medical care and myriad shopping facilities such as the Woodmead Value Mart and the Woodmead Super Value Centre.
The suburb is a stone’s throw from the Vodacom World of Golf and the Woodmead Golf Driving Range.
An added attraction is that Gallo Manor has managed to retain an almost park-like atmosphere as most properties in this well-maintained suburb boast established gardens with lush lawns and the streets are mostly tree-lined.
Adding to this tranquillity is the fact that there is little traffic using Gallo Manor as a thoroughfare, because much of the suburb is cordoned off as a high security area, says Bak.
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