Johannesburg’s most sought after suburb - CNBC Africa

Johannesburg’s most sought after suburb

Southern Africa

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A 38 million rand home for sale in Sandhurst. PHOTO: Pam Golding Properties

“A Sandhurst address is a prestigious one and properties in the area are sought after. Sandhurst, which is more than 50 years old, has for long been one of Johannesburg’s most highly regarded suburbs. The area has lost none of its shine over the years and remains home to many of the city’s elite,” said Rupert Finnemore, Pam Golding Properties Hyde Park area joint manager.

(READ MORE: Sandton property: luxury living or sound investment?)

He added that even though townhouse developments have become a standard feature of the area in recent years, the suburb is still home to many large properties with well- established gardens. This has therefore ensured that the area remains how density.

Properties in the area are often sold for more than 40 million to 60 million rand.

“Sandhurst, with its attractive tree-lined avenues and secure, stately homes, some of which have superb views, offers the very best in Johannesburg suburban living. This and the immense status of owning a property in the area have ensured its ongoing popularity. Many of Johannesburg’s wealthier individuals aspire to live in an area such as Sandhurst,” said Finnemore.

Also, the diversity in property types from dwellings, freehold to estates gives potential property owners a wide range of options to choose from. 

One of the area’s main highlights is that it’s just a few minutes from Sandton City, South Africa’s financial hub and one of Africa’s most prestigious shopping and entertainment centers. The hustle and bustle of Sandton City however does not affect Sandhurst.

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Sandhurst is also close to major road routes, the Gautrain station and some of the most highly regarded schools in South Africa such as King David Primary School, Redhill School and St Stithians Boy’s College.

Jonathan Davies, Pam Golding Properties Hyde Park joint area manager, added that the properties in Sandhurst tend to hold their value well.

According to property research company, Lighstone, the average price of a freehold home in the area increased from 11 339 million rand in 2012 to 12 293 million rand in 2013 while sectional title properties rose from an average 1 820 million rand in 2012 to 1863 million rand in 2013.

(READ MORE: Most expensive apartment in Johannesburg at R60 million)

As a result, the sale of exclusive homes in the Sandhurst area happens very rarely.

“Convenience, tranquillity and exclusivity- Sandhurst has so much to offer and we expect it to remain one of Johannesburg’s most sought after suburbs into the foreseeable future,” concluded Davies.