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Estate properties in Fourways benefit from the boom

The popularity of homes within residential estates in the greater Fourways area has continued to grow unabated year-on-year. According to Jason Shaw, manager of Pam Golding Properties (PGP) in Fourways, well-situated homes in the area continue to offer good value, and on average sell within just four weeks of being placed on the market.


This home in Stratford Gardens is on sale through Pam Golding Properties for R4995 million.
 
“With residential, commercial and office space being developed and numerous infrastructure upgrades taking place, the greater Fourways area is truly flourishing with residents appreciating the good growth prospects it offers,” adds Shaw. “Fourways is home to a large number of attractive residential estates offering a range of different property options with more, such as the impressive Steyn City, currently being developed. ”
 
Shaw says the reasons for the popularity of these properties are not hard to find. “Residential estates in the greater Fourways area offer a lifestyle that is hard to beat. With few exceptions, they are secure, well maintained and offer good facilities,” he observes. “They also provide residents with the opportunity to live in an attractive village-type community close to the heart of Fourways.”
 
Interestingly, the concept of the residential estate was pioneered in the Fourways area in the 1980s, and it is a model that has become increasingly popular throughout the country. Today there are a number of estates in the area including well-known names such as Fourways Gardens, Dainfern, Dainfern Valley and Cedar Lakes. These are exclusive areas in which residential properties are in strong demand. Homes in these areas vary in price from between R2 million and R19 million, according to Shaw.
 
“In addition to these well known names, there are also a number of smaller estates within greater Fourways,” adds Shaw. “Some of these, such as Waterford Estate and Stratford Gardens, are real hidden treasures, offering some of the most outstanding suburban living in Johannesburg.”
 
PGP agent Kyle Ebben agrees, pointing out that Waterford Estate, which is situated just off Waterford Drive and north of Douglasdale, is not very well known even by residents of the Fourways area. This is perhaps not surprising: it is quietly nestled away on the banks of the Klein Jukskei River, with some 250 homes in western and eastern phases of the development.
 
“Although Waterford Estate is situated close to the heart of Fourways, its well-established gardens and the woodland that surrounds the area make it feel as if you are in the country,” reflects Ebben. “Residents appreciate the serenity of the estate, neighbours chat to one another and children play in a friendly, secure environment. One can take advantage of the park or take in the bird life that is very much in evidence in the woodlands,” he asserts.
 
In Ebben’s view, the properties in Waterford Estate also offer some of the best value for money within Johannesburg’s northern suburbs. “There are a range of different homes in the area built in unique designs; double and single storey homes that come in anything from Cape Dutch to African to contemporary styles. Stands vary in size from about 600 sqm to 1 200 sqm and some of those that overlook the Klein Jukskei River have fine views,” he notes. “Homes in the Waterford Estate may fetch between R2.5 million and R4 million.”
 
Stratford Gardens is another of the charming, lesser-known estates within the Fourways area. It is located in the rapidly growing little residential suburb of Broadacres, a stone’s throw from the upmarket Broadacres Shopping Centre and is well established having been launched fourteen years ago. PGP agents Tanit Kruger and David Litton say that, like Waterford Estate, Stratford Gardens offers a range of property options within a tranquil, leafy environment and a close-knit community.
 
“Stratford Gardens consists of 35 clusters and 94 free hold homes offering residents and their children the great South African outdoor lifestyle,” observes Kruger. “It is one of the few estates within the northern suburbs that still offers large properties of up to 1000 sqm. The freehold houses here are generally marketed from between R4 million and R5 million, while the clusters fetch between R2 million and R2.5 million.”
 
Shaw believes that homes in both of these estates offer good prospects for a growth in value, particularly as the greater Fourways area is booming and demand for well-located properties continues to grow. Both have a rich variety of amenities and residents of both appreciate their lush, landscaped gardens. Stratford Gardens has a clubhouse, tennis courts, squash courts and Olympic length swimming pool.
 
Waterford Estate has two parks that are equipped with jungle gyms, swings, roundabouts, sandpits, tunnels and slides for the entertainment of the children. There is a scenic picnic area overlooking the river and a nature trail around the estate servitude. For those who enjoy tennis and squash, courts are also available.
 
“The rental market in both of these estates is relatively small,” adds Jason Shaw. “However, we have seen a growth in demand for rental homes in recent years, with some individuals looking for properties that offer good value. There has been some demand from corporates looking for rental properties for employees, although these have traditionally looked to estates such as Dainfern, Cedar Lakes and Fourways Gardens to meet their needs.”
 
“The security of both estates is excellent, with access control, electric fencing that is always monitored, perimeter security lighting and roaming patrols both within the grounds and outside the perimeter. It all helps to create an environment that is tranquil and free from concerns,” suggests Shaw.
 
He adds that the estates have the added advantage of being just minutes away from the centre of Fourways, and consequently has exceptionally easy access to many businesses, excellent shopping, entertainment and restaurants, as well as a number of fine schools and medical facilities.
 
“The Fourways area is on the rise and with it we see properties in estates such as Stratford Gardens and Waterford Estate, which have so much to offer, becoming increasingly popular. Those looking for excellent value in the residential property market might consider taking a closer look at homes in these areas,” concludes Shaw.


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