Value of Bedfordview residential property appreciating in value by around 10% per annum

The Bedfordview area lying to the east of the Johannesburg CBD has seen a massive increase in property values in the last two years, but still has a good stock of affordable sectional title units to offer, says the Rawson Property Group’s new franchisee for the area, Tylon Naicker.

“The area my franchise covers,” says Naicker, “includes Morning Hill, Senderwood, St Andrews and Linksfield. Apartments here sell from just under R1 million to R3 million or more and the main call is for those below the R1,5 million level.  In the freehold market, homes here can be priced at anything from R2 million to R15 million, but again it is the units below R5 million that are most in demand.  Those below the R3 million bracket are ideal for buyers who want to refurbish.”

“The message we will be repeating again and again,” says Naicker, “is that Bedfordview homes have always been an exceptionally sound proposition.  Property here rode out the recession far better than most other South African residential districts and now prices are rising at ± 10% per annum.”

Being only 12 km from the Johannesburg CBD and 20 km from Sandton (as well as only 10 minutes from O R Tambo Airport), Bedfordview, says Naicker, is a near-perfect place for busy businessmen to live.  Its attractions include close proximity to two of Gauteng’s best golf courses, Glendower and Royal Johannesburg (and to the rejuvenated Huddle Park course now coming on stream), two or three of South Africa’s top ranked retail complexes and excellent schools (St Andrews, St Benedicts, Reddham House and Crawford House, to name but a few).

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