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Buyers already eyeing new Midrand Estates developments

Demand for units in the sprawling Midrand Estates complex is strong and new extensions to be launched in the near future are already attracting enquiries from prospective buyers.
 
Lynette Gregorowski of the local RealNet franchise reports that interest is particularly high in the Midstream estate where homes priced at R3,5mand more are selling well. Stands have been sold out at prices of around R1000/sqm, she says.
 


Several new developments in the complex are currently under construction, including a new pre-primary and primary school in Midstream Ridge to complement the successful college in Midstream. The new school will open at the start of the new academic year in 2014.
 
Also under construction is a Mediclinic hospital in Midstream Hill, while a new residential extension in this estate will be launched soon.
 
Interest in units atRetire@Midstream is also high,says Gregorowski, and construction and sales in phase 9 have exceeded expectations. Indeed, only a few units in this phase are still available. Full-title stands in extensions 41 and 42 have been sold out, but the developer has announced that stands in extension 40 will be available in the near future.
 
The final estate in the complex, Midstream Ridge, comprising about 1500 stands of approximately 1000sqm each, is expected to be launched next year. Midstream Ridge will be in the same style and character as the four existing estates, namely Midstream, Midfield, Midlands and Midstream Hill, but only full-title properties will be offered, says Gregorowski.
 
She attributes the popularity and success of the Midrand Estates to the secure lifestyle and central location between Johannesburg and Pretoria.
 
"The estates offer all amenities such as shops, fuel stations, restaurants and sport and recreational facilities. Security is excellent and residents can safely walk their dogs while children can play outdoors in complete safety.
 
"The wide spectrum of properties available, from sectional title units to stately full-title homes and secure retirement units, appeals to a cross section of buyers and the new school and hospital will greatly enhance Midrand Estates' appeal for discerning buyers who place a high premium on convenience and security."


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