Where to find value-for-money homes in northern Johannesburg

Within the northern suburbs of Johannesburg, residential properties priced up to R5 million are sought after, with the sweet spot being properties priced below R1.5 million.

This three bedroom, three bathroom home in Parktown North, Johannesburg, has folding doors opening onto a covered patio, sparkling pool, tranquil water features and a landscaped garden. It is on the market for R4.45 million - click here to view.

Notably, the R1.5 million price band remains very active in many northern suburbs of Johannesburg as it offers value for money for those looking to enter the property market for the first time, as well as those looking to either upscale or downgrade to smaller properties, says Bradd Bendall, general manager of real estate operations for Pam Golding Properties.

“In certain suburbs, properties priced below R5 million are snapped up as soon as they are listed, with greater demand and activity taking place within the R1.5 million price bracket.”

Sandton

This one bedroom, one bathroom apartment in Morningside, Sandton, offers 24-hour security, access to a pool and is close to amenities. It is selling for R1.199 million - click here to view.

Sectional title properties priced under R1.5 million are in great demand in suburbs including Morningside, Ferndale, Sunninghill, Paulshof, Pineslopes, Lonehill, Olivedale, Jukskei Park, Douglasdale and North Riding, says Bendall.

Midrand

Midrand, which is more affordable when compared to other northern suburbs, offers accessible prices of R500 000 for studio apartments in Erand Gardens and Sagewood, with one to two bedroom apartments priced from R750 000 in Carlswald, Vorna Valley, Halfway Gardens, Noordwyk and Country View, according to the Pam Golding Properties Johannesburg North Quarterly Report April 2019.

This two bedroom, one bathroom apartment in Halfway Gardens, Midrand, has access to a clubhouse with a communal pool and tennis court, and is close to amenities. It is on the market for R780 000 - click here to view.

Johannesburg

“Properties priced below R5 million in some suburbs continue to sell within a short period of time, reflecting that Johannesburg does offer good value for money, despite this currently being a buyers’ market,” says Bendall.

These suburbs include Parktown North, Parkwood, Parkview and Parkhurst with prices ranging between R3.5 million and R5 million. Established suburbs including River Club, Parkmore, Petervale, Benmore Gardens, Rivonia, Craighall, Moodie Hill, Duxberry, Dunkeld, Orchards and Victoria offer value for money with a number of property types to choose from. In these areas, sectional title properties are priced up to R2.5 million while cluster homes are priced between R3.5 million to R4.5 million.

This four bedroom, three bathroom home in Parktown, Johannesburg, has living rooms opening onto a patio, pool and pretty garden. It is on the market for R3.95 million - click here to view.

Bendall says a number of buyers also seek properties in secure estates which offer good security and lock-up and go convenience coupled with easy maintenance. For many, it’s really about lifestyle choices determining where they buy.

New developments such as Park Central in Rosebank and One on Whiteley in Melrose Arch, scheduled for completion in May 2019 and August 2019 respectively, continue to sell well as these are prime locations. Prices in these developments range from R2 million.

This three bedroom, two bathroom home in Douglasdale, Sandton, offers open-plan reception and living areas and a covered patio overlooking the well-maintained garden and pool. It is on the market for R1.65 million - click here to view.

Steyn City is experiencing steady demand, and in this development it is still possible for buyers to purchase vacant land and build their own dream homes, or they can choose to buy existing ones, says Bendall.

Here, vacant stands range from R3 million to R17 million with current land prices ranging between R3 300 per square metre to R5 200 per square metre, which represents an average increase of between 18% and 20% since the development was launched in 2015, according to the Pam Golding Properties Johannesburg North Quarterly Report April 2019.

This three bedroom, two bathroom apartment in Steyn City, Midrand, has vaulted ceilings with exposed trusses, stacking doors opening onto an enclosed balcony with stunning views. It is selling for R4.45 million - click here to view.

Bendall notes that in the inner city of Johannesburg, areas such as Braamfontein, Bellevue, Bellevue East, Hillbrow, Joubert Park, Marshalltown and Yeoville remain sought after as properties are accessibly priced with entry-level prices of R100 000 for bachelor apartments in Hillbrow, which is considered the most affordable of all the inner city suburbs.

According to Lightstone data, in the past 12 months (2018), buyers were significantly younger than the age profile of existing homeowners - most noticeably in Hillbrow, where 90% of recent buyers were 35 or younger, and presumably predominantly first-time buyers.

Park Central, a development in Rosebank, will offer apartments priced from R2.03 million to R19.65 million - click here to view.

“With a young population steadily entering the housing market, 2019 is likely to see an increase in the number of first-time buyers, particularly in Hillbrow, where prices are more affordable,” says Bendall.

Furthermore, the Pam Golding Properties Johannesburg North Quarterly Report April 2019 reveals that Bellevue East, located on the border of the upmarket suburbs of Observatory and Upper Houghton, emerged as one of the top-performing suburbs in Johannesburg in terms of property price growth.

This one bedroom, one bathroom apartment in Braamfontein, Johannesburg, is within walking distance to many amenities. It is on the market for R485 000 - click here to view.

Property prices in Bellevue East grew by 5.4% in 2018 for homes priced below R650 000. The median price of freehold homes in Bellevue East was R1.025 million in 2018, reflecting a healthy increase of 50.7% over the past five years, according to Lightstone.

“Bellevue East is in demand as it is less congested when compared to Yeoville and Hillbrow which are the most densely populated, and have the highest number of people per square metre,” says Bendall.