Live, work and play lifestyle in Johannesburg South

Live, work and play lifestyle in Johannesburg South

Artist’s impression of Stanley Park in Oakdene, 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 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 properties from freehold houses to sectional title apartments and townhouses. The area includes the recently developed Meyersdal Eco Estate and Eye of Africa Golf Estate as well as residential developments designed for the R1.5 million and below price range.

The neighbourhood has an array of malls, schools and social amenities, and 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, chief executive of Engel & Völkers Southern Africa.

“The suburb of Oakdene neighbours Linmeyer, Rosettenville, Glenanda and Bassonia. The area is picturesque with hills and nature reserves making up part of the landscape. Oakdene is close to the Johannesburg CBD.

“The leafy, well-established suburb is just 5km 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.”

He says the market in Oakdene has definitely seen a shift in the past few years. Entry level apartments are priced from around R720 000 and can go up to R1.5m for more luxurious options. Freestanding properties average around R1.6m to R2m with top prices of over R5m.

Hutchison says 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 youth-orientated and vibrant culture.

He says that residents of the area have been drawn to it for various reasons, including 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 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 people,” Hutchison says.

Engel & Völkers is marketing Stanley Park Estate, a new development in Oakdene, with easy access to 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,” says Hutchison.

“The estate includes 24-hour security, a clubhouse, a swimming pool, braai facilities, a communal gym and easy access to public transport. The architecture is modern and homes have good views.

“One, two and three bedroom apartments are on offer and each unit is equipped with a gas hob and an electric oven. The kitchen has been designed to accommodate three appliances and prepaid electricity and water units have been installed. Each unit also includes DStv points, is internet fibre ready and has covered parking and ample visitor’s parking for guests.”

He says that 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.

Visit www.stanleypark.co.za.