Sales steady in Midrand Estates

Homes in Midrand Estates, the "city within a city" near Centurion, are continuing to sell steadily despite the recession.

That's the word from Linda Dunne, sales agent for the local Chas Everitt International franchise who says there are two main reasons for the development's continuing popularity.

The first is of course location. Set halfway between Pretoria and Sandton, Midrand Estates offers residents much shorter commutes to major office nodes, which is especially a consideration for those using the M1 highway. "And secondly," she says, "the development is rapidly shaping up as total lifestyle precinct complete with its own schools, shops and entertainment venues, which makes it a good choice for families."

A club house, cricket oval, squash and tennis courts and 20m swimming pools have already been completed for residents' use and there is also a shopping centre with a Super Spar as the anchor store as well as medical facilities, a post collection depot and a service station.

There are three separate villages making up Midrand Estates, the oldest of which is Midstream Estate, which offers stands of around 1000sqm at prices from R750 000 and full-title homes ranging in price from R2,1m to R8m. The best sellers in this village at the moment are properties priced around R2, 7m says Dunne, which are largely being bought by young executives.

A private pre-school, primary school and high school are situated in Midstream. Midstream also boasts an owl sanctuary and enjoys the same high-security provisions as the rest of the development. These include a double perimeter barrier, 24-hour patrols and controlled bio-metric fingerprint access via a manned gatehouse.

The second of the villages is Midfield Estate, which features homes at prices from R2,2m up and stands of 600sqm and more at prices from R500 000. This village lies alongside a 10-hole family golf course in a greenbelt interspersed with fly-fishing dams.

Midlands Estate is the newest of the three villages and construction is still under way on many of the homes here. Stand sizes range between 500sqm and 1200sqm and homes are typically more contemporary than those found in Midstream and Midfields. Homes here are selling for between R1,5m and R4m.



  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 20 Mar 2018
      Located close to the fast growing Fourways precinct, Dainfern continues to attract local and international interest from buyers seeking a secure lifestyle with affordable entry price of approximately R3 million.
    • 20 Mar 2018
      Property owners in the Durban CBD are addressing the affordability challenge that faces many prospective tenants in their area – and reconfiguring the inner city rental market in the process.
    • 20 Mar 2018
      One of the most misunderstood concepts in the process of selling a property is an exclusive or sole mandate.
    • 19 Mar 2018
      If a landlord opts to use a managing agent for the rental of his or her property, the inspection process can be easier as the agent is not emotionally involved and will certainly have concluded an in-depth inspection report in the interests of all parties.
    • 19 Mar 2018
      We all wish we could have the cheat sheet for selling a property – a simple Ctrl+Shift+C code that will magically secure an offer on your home in an instant. Though it is not possible to provide you with this cheat code (sadly, reality does not come with such perks), it is possible to provide you with a list of the most common blunders some of your neighbours have committed in their efforts to sell their homes
    • 19 Mar 2018
      Although property technology is now widely accepted as an established trend, especially in the international real estate arena, the industry has been cautious to advance and smaller markets like South Africa are still hesitantly dipping their toes in the water.
    • 16 Mar 2018
      Strange as it may seem, there is a stock shortage looming now in the luxury sector of the Johannesburg property market, because astute buyers have for the past few months been hurrying to snap up high-end homes being offered at excellent prices.
    • 16 Mar 2018
      No one likes having to claim but having insurance for your household contents is vital, and at the start of a new financial year, homeowners either applying for new household insurance or revising their existing insurance should take a comprehensive inventory of their possessions and keep track of the total value.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us