New townhouse development for Rivonia to appease demand

The demand for townhouses in the Bryanston and Rivonia area continues to gain strength. Chris Renecle, MD of Renprop, points out that as the main supply of residential properties in the area is mostly made up of large freehold homes or sectional title apartments; there is nothing in between for buyers who don’t want a property too big or too small. “Therefore the need for townhouse-style homes in the precinct is evident,” he says.

Homestead Exterior

Based on the strong demand for medium-size, sectional title townhouses in the area, judging from buyer response to Habitat on Cowley - Renprop’s 54-unit secure townhouse development on Cowley Road, a stone’s throw away from this new townhouse scheme - Renprop is bringing a further 32 townhouse units, named Homestead, to market this month.

Renecle points to the rapid development in the general Rivonia region in recent years as another factor fuelling demand for this kind of residential property in the area. “Renprop, together with some other high profile developers, have built and sold out several successful sectional title apartment buildings in the Rivoina precinct over the past few years. During this time, prospective buyers have constantly reminded us about their need for homes with more space and private gardens in the area. More and more people who are looking to live in secure environments, close to their place of work, will continue to drive the demand for residential property in Rivonia,” says Renacle.

“Homestead is well located on the corner of 12th Avenue and Homestead Road in Rivonia. The 32 contemporary, semi-detached duplex homes that make up Homestead are ideally placed for those who work or have children attending school in the Bryanston/Rivonia/Sandton areas. Homestead is also situated within proximity to a selection of shops, schools, the Sandton CBD, medical facilities, as well as N1 and M1 highway and the Gautrain,” says Russel Peach, Divisional Manager of Renprop Residential Projects.

The townhouses at Homestead, which are available in two-bedroom; two and a half-bathroom as well as three-bedroom; two and a half-bathroom configurations are ideal for investors, small to medium sized families and young professionals.

As a semi-detached duplex townhouse development, each unit will be practically freestanding with private, walled gardens.
Prices at Homestead are set to start just below the R2million mark. 

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 22 Jun 2018
      The rental market in many Johannesburg suburbs has shown encouraging signs of revival this year but it remains a competitive market and landlords who best cater to their market’s needs will reap the healthiest returns.
    • 22 Jun 2018
      Home design is constantly evolving to reflect the changing needs of society. We look at some of the ways in which our use of space is changing.
    • 22 Jun 2018
      While estate agents can help the seller with correctly pricing the property and marketing a property to the right pool of potential buyers, at the end of the day it’s the impression that the property will make on buyers that counts the most.
    • 21 Jun 2018
      Anyone who’s ever been involved in a building project that’s gone wrong will appreciate the importance of adequate insurance cover in the construction industry.
    • 21 Jun 2018
      A recent news story about a blind tenant caught in a legal battle with his body corporate over letters and notices he was unable to read and consequently comply with has raised the question: what are the legal obligations for landlords with disabled tenants?
    • 21 Jun 2018
      A trend that’s taken the world by storm in recent years is that of hygge (pronounced: hue-guh), a Danish concept that is about creating intimacy, connecting with loved ones and taking pleasure in small, ordinary things.
    • 20 Jun 2018
      Buying or selling real estate isn’t as easy as it is portrayed sometimes, especially if there is a death of a party during the transaction which can make it awkward, tricky and inconvenient.
    • 20 Jun 2018
      With interest rates remaining at historic lows and banks continuing to compete for mortgage finance business, first-time buyers with funds at their disposal are currently well-placed to gain that initial foothold on the property ladder, particularly in the light of the slightly lower growth rates currently experienced in residential property values.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us