select
|

Midrand Estates set for last phase

The prestigious Midrand Estates, comprising several separate estate developments, is set to expand with the final estate in the complex now in the environmental impact assessment (EIA) phase.

Although a decision based on the EIA is only expected towards the end of the year, Ananda du Plessis, co-owner of the RealNet franchise marketing units in Midrand Estates, reports that news of the planned development has elicited keen interest in the market.

The new development, named Midstream Ridge, will follow the same style and character as the other estates, namely Midstream, Midfield, Midlands and Midhill, and is expected to comprise about 1500 stands of approximately 1000sqm each.

As in the existing estates, security will be a top priority and the current interaction and security-related project between the estates will be extended. A business node focusing on offices and commercial use is also being planned while vehicle access will be improved through construction of a link to the Irene/Olifantsfontein Road.

The central position of Midrand Estates relative to Pretoria, Sandton, Johannesburg and the OR Tambo international airport is one of the main attractions and improved access roads will enhance the popularity of the development, says Du Plessis.

A new pre-primary and primary school is also being planned for Midstream Ridge, based on the success of the private college at Midstream Estate, she says.

"The average age of buyers in Midrand Estates is 38 and that accounts for the huge demand for placement at the double medium college that caters for children of all ages, from babies through to Grade 12. A separate creche and pre-primary school have already been built in Midlands Estate due to overwhelming demand."

So-called green components being considered for the new residential estate include piped LP-gas reticulation to decrease dependency on electricity and LED street lights to reduce overall energy consumption, a refuse collection system geared to recycling domestic waste and rainwater harvesting and solar heating models for residents. The storm water drainage system has been designed to ensure that peak run-off after development will equal run-off before development.

Du Plessis says units are still available in Midlands and Midhill estates with prices starting at R600 000 for undeveloped stands and R1,7m for homes.

Full-title and sectional title units at the retirement village, Retire @ Midstream, remain popular. The development, aimed at buyers aged 55 or older, offers a medical centre open 24 hours a day, a large community centre with ladies bar, lounge, library, internet and computer facilities, and an a la carte restaurant.


  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