select
|

Prices rise as more buyers aspire to Bedfordview

The huge commercial investments being made in key nodes in Bedfordview and the surrounding industrial areas are giving the local residential property market a welcome boost.
 
So says Mike Dobbin, owner of the local RealNet franchise, who notes:

“New factories, warehouses, offices and retail venues are being built on the doorstep of Bedfordview in the Greenhills Industrial Estate and Meadowdale, while existing shopping precincts undergo multimillion-rand upgrades.


This magnificent home currently under construction in Upper Bedfordview is for sale through RealNet for R18,75m
 

“This bodes very well for the local residential market and already we are seeing record prices being achieved for top quality properties here. We are also seeing many more high-end properties being placed on the market now, such as a newly-built home priced at R18,75m, for which we have an exclusive mandate (see photo).”
 
The huge Eastgate mall, which is Bedfordview’s premier shopping destination, will shortly be expanded, he notes, to include an IMAX Theatre, two new Cine Prestige theatres and new SterKinekortheatres, as well as a huge new Edgars store.
 
“In addition,the soon to be launched Oriental Shopping Centre in Bruma will bolster the already considerable Chinese community in Bedfordview, which also has large Italian, Greek and Lebanese communities contributing to a vibrant cosmopolitan ambience with many tennis, bowls and social clubs and a multitude of top eateries.”
 
Bedfordview also offers many open spaces like the Vodacom Driving Range and Gilloolly’s Farm, as well as one of the biggest Virgin Active gyms in SA.“And another very strong driver of the local property market is the presence of excellent schools, including St Benedict’s for boys, St Andrew’s for girls, Bedfordview Primary, Leeuenhof, Saheti, Bishop Bavin, Redham House and Bedfordview Christian School.”
 
Dobbin also says that while Bedfordview is almost fully developed, there are still a few property development opportunities. “We are seeing a trend of developers building six to 12 cluster homes on one site, offering luxury accommodation with the emphasis on ‘green’ technologies and security.
 
“Typically these clusters range in size from 350sqm to around 600sqm and are priced at R4,5m and R7,65m, which is an sure sign that Bedfordview is once again attracting a more affluent category of buyers who really see it as the ‘Sandhurst of Ekhurhuleni’ - and don’t in any way consider luxury finishes such as marble countertops and bathrooms as overcapitalisation.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
        
    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