select
|

Popular Inanda, Illovo and Atholl continue to grow in-demand

Dotted with some of Johannesburg’s most sought-after private schools and situated just a stone’s throw away from Sandton, the Inanda, Illovo and Atholl areas seamlessly blend old-world charm with a mix of contemporary chic. Here sprawling old Johannesburg residential properties intermingle with newer, more modern, sectional title developments and apartments.  


On the market for the very first time through Pam Golding Properties for R12,5 million, this immaculate, contemporary home is situated in a prime position in a secluded gated enclave in Atholl.

Rupert Finnemore, Pam Golding Properties Gauteng regional head, says while the region is one of Johannesburg’s older, more established residential areas, it is also fast becoming the location of choice for young up-and-coming professionals and families. This, he says, is in large part due to its highly central location.

“Inanda, Atholl and Illovo are situated directly between the Sandton and Rosebank Gautrain stations, and because these areas are within close proximity to Sandton, they provide a convenient base for professionals who are increasingly cognisant of the time and cost involved in long-haul commuting, as well as families who are looking for a discerning lifestyle with the convenience of easy access to top schools, as well as shopping and entertainment amenities. 

“Home to a multi-cultural and eclectic mix of young and older residents, these suburbs also provide easy access to a number of religious places of worship, which play an important part in the lives of many of our residents. The same is true of the prestigious Inanda and Wanderers sports clubs, both of which are situated in close vicinity, and comprise diverse inter-generational memberships,” he says.

Lynne Baker, Pam Golding area specialist of the Illovo, Inanda and Atholl region, believes that the continued popularity of these thriving suburbs can, to a large degree, be attributed to the fact that they together offer something for everyone.

“A big draw card when it comes to buying in this area is that it offers a range of possible property options to suit every pocket and taste, from apartments and townhouses to large luxury freehold properties. There are also a number of impressive estates.


An exterior view of a Mediterranean style home with a magnificent garden in sought after Atholl. This home is currently on the market through Pam Golding Properties for R8,5 million.

“One of the key aspects which is evident across all of these suburbs, is the strong sense of community that exists within them and they are all well run and maintained by local authorities. All have strong home owners associations and great pains have been taken with their security, including the installation of hi-tech security cameras on key intersections,” says Baker. 

The mix of age groups living in these suburbs is reflected in the most recent area report released by residential property research company, Lightstone, which indicates a relatively even spread across age groups among recent buyers in the Inanda area, whereas many of the recent sellers here have tended to fall into the 65 or older age group. Finnemore says that this indicates that the latter have reached a stage of life in which they are looking to downscale to a more compact and easily manageable property.

With a higher density of sectional title apartment developments, all within easy reach of the trendy restaurants and shops that abound in the area, the suburb of Illovo, not surprisingly, has a younger demographic that is largely responsible for most of the market movement in this area.

“With 45% of the recent buyers ranging in age from 36 to 49 years and recent sellers mostly falling into the pensioner category, Atholl is very likely to experience an upcoming resurgence as the older generations give way to their younger counterparts looking to settle down in leafy suburbia with their growing families,” notes Finnemore. 

“Most residents within the Illovo, Inanda and Atholl areas tend to stay here long-term with many starting out as property owners of an apartment in one of the many residential blocks in the area, before moving on to larger homes after starting a family, and then again downscaling to a more compact townhouse or apartment during their more mature years when their children leave home and they become ‘empty nesters’. 

“This is one of those areas where you always bump into somebody you know whether it be from school, the sports club or your place or worship, with many of the families having deeply entrenched ties that go back decades,” adds Baker.

Spanning a total of 1 700 residential properties across all three suburbs, the average freehold property in the Atholl area is valued at more than R6.7 million, while the average property is valued at some R8 million in Inanda and R8.3 million in Illovo. A one-bedroom apartment in Illovo may be acquired from R1.3 million. 

“These suburbs not only offer easy access to Sandton and Rosebank, but are in close proximity to major roads such as Katherine Street and Corlett Drive, which conveniently takes one directly to the M1 highway. In terms of amenities, residents have access to any number of world-class services and top shopping, dining and entertainment facilities, including the recently upgraded Blubird shopping centre, and the popular Atholl Square, which has a young, vibrant feel to it.

“Thrupps, which is situated in Illovo, is something of an institution in the area, where many residents have called in for many decades to order their groceries. The large number of outstanding schools situated in the area, which include the likes of St David’s, Kingsmead College, St Theresa’s, Pridwin and Crawford Sandton, is another factor that contributes to making these suburbs highly desirable.

Given its superb location, the residential property market in the Illovo region will no doubt continue to make it highly sought after. “However, sellers should keep in mind that we are in broad terms in a buyer’s market in which investors are showing considerable care before investing in a property. 

“This means that residential properties need to be appropriately priced if they are to be sold in good time. A trusted property agent with excellent local knowledge and experience will be able to assist in providing the necessary guidance in this regard,” concludes Baker.



  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
        
    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