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
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
        
    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