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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. 


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