select
|

Stalwart Kensington still a ‘best buy’

Kensington property prices have risen only slowly for the past five years, and it is one of Johannesburg’s “best value” suburbs, where you can still buy a solid family home on a sizeable stand for well under R2 million.


This stylish home in Kensington is for sale through Harcourts Full Circle for R1,78m. Situated on the border of Bedfordview, it has two bedrooms, two bathrooms, spacious open-plan lounge and dining areas, and a separate large entertainment room leading out to an enclosed courtyard with pool. There is also a cottage on the property, and lock-up garaging for three vehicles.
 
That’s the good news from Werner Lilleike of leading local agency Harcourts Full Circle, who says:“With its proximity to the airport, several freeway onramps and the CBD, Kensington is very central and a great choice for those who prefer a traditional suburb but also want the convenience of living close to everything – good schools, shops, sports facilities and entertainment venues.
 
“And home prices here are a steal compared to any other suburb in Johannesburg that is as well-located. You can buy a three or four-bedroom house on a 495sqm stand here for between R1,2m and R2m, and many have additional staff quarters or cottages that can be let to earn income.
 
“Apartments are available at prices from around R480 000 for a one-bedroom unit in a traditional building in Roberts Avenue, to around R900 000 for a contemporary one-bedroom on the ground floor close to shopping centres.”
 
A favourite among journalists, academics, artists and others who commute to the inner city, Kensington attracts a diverse group of buyers looking for comfortable homes with large rooms and classic “bones”. Many of the homes here also still feature pressed-steel ceilings, Oregon pine floors, bay windows and art deco fittings.
 
Schools in this suburb of around 4500 houses include the Glenoaks, Leicester, and Kensington Ridge primary schools, Kensington Secondary and the Jeppe Girls and Jeppe Boys high schools. Shopping venues include the Park Meadows centre and the nearby Eastgate Mall.
 
“Being a middle-class suburb, Kensington is sensitive to fluctuations in the economy, and the home prices here will always reflect that,” Lilleike says. “But we seem to be on an even keel now and prices are moving up again as demand rises.
 
“And for buyers who are looking for a place to settle, to be part of a tight-knit community, to bring up children, slowly rising prices are an advantage. While the homes here provide one with a good investment, you can also afford to make an investment in an area that provides an excellent quality of life and stability. Many residents have lived here for decades and they take pride in looking after the parks and public amenities.”
 
At the same time, he says, Kensington attracts people who are creative and enterprising and often upgrade or renovate their homes. “People who purchase a home here tend to be sensitive to the architecture, though, and will generally mix the old and the new very tastefully.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
    • 19 Apr 2018
      The rental market is a cut-throat sector of the real estate market that waits for nobody. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, first-time renters need to be fully prepared before they even start the process of looking for a place to rent in order to avoid the disappointment of losing out on their ideal property.
    • 19 Apr 2018
      Choosing to buy your first home instead of continuing to rent is a big decision that will usually take some time to put into action, but the sooner you can save up a sizeable deposit, the closer you will be to reaching your goal.
    • 18 Apr 2018
      Selling your home is no small task and as you will quickly find out, there are a lot of misconceptions about the process. Gerhard van der Linde, Seeff's MD in Pretoria East lists the top 5 misconceptions when you are selling your home.
    • 18 Apr 2018
      The Cape Town municipality is now installing water-management devices at properties that have been non-compliant with the new level 5 water restrictions and there are talks of fines between R5,000 and R10,000 for households that use too much water.
    • 17 Apr 2018
      The recent interest rate cut has stoked the coals in the first-time buyer’s market. At least for the next two months until the next interest rate announcement, homeowners are guaranteed lower monthly instalments than in the previous quarter. But, is it wise to take out a 100% bond just to enter the property market while interest rates are low?
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK