Bright future for The Glens, says top agent

As increased commercial and corporate activity breathes new life into the Johannesburg CBD, housing demand is rising in the more affluent of the city’s southern suburbs, including Glenvista, Mulbarton and Bassonia, which are collectively known as The Glens.

This stunning double-storey Tudor-style home in Glenvista is for sale through Chas Everitt International for R3,495,000. It offers four bedrooms, 2,5 bathrooms, five reception rooms, kitchen with gas stove, laundry, staff accommodation, three garages and a pool on a stand of more than 1000sqm. It also has under-floor heating and full security.

“These areas offer easy access to the city centre on routes much less congested than those from the North and West,” says top selling southern suburbs estate agent Mark Botha, who has just joined the crack team at Chas Everitt International Glenvista.
“The Glens also offer excellent and convenient schools, shops and recreational amenities, including the top-rated Glenvista Golf Course, and a wide range of real estate to suit all types of buyers. This includes some magnificent executive homes in gated communities such as the Bassonia Estate, Aspen and the nearby Meyersdal Eco and Nature estates.”
Botha, whose award-winning real estate career spans 24 years of service to home buyers and sellers in the southern suburbs, says the highest demand in The Glens at the moment is for homes priced at between R1m and R2m, and that a shortage of stock is now developing in this bracket as young families, especially, seek to upgrade from suburbs such as Mondeor,Suideroord, Brackendowns and Brackenhurst.
“However, working couples and first-time homebuyers are well served at the moment as developers have responded to the growing demand and are breaking ground on several new projects that offer sectional title units at prices between R600 000 and about R1m.”

At the top end of the market, he says, homeowners from The Glens are taking the opportunity while interest rates are low to upgrade from suburban homes to the estates, where newly-built homes and architect-designed mansion are available at prices from R2m upwards.
Meanwhile, the demand for rental properties in The Glens continues to outweigh supply substantially, and ensure good returns for investors. Current monthly rentals start at around R4500 for a one-bedroom apartment and R5500 to R6000 for a two bedroom apartment. Houses start at around R8000 a month and can reach R25 000 to R30 000 in the estates, where there is currently a shortage of properties to meet demand.
Looking ahead, Botha says the new mixed use Millionaire’s Estate in Bassonia and further proposed developments along Klipriver Road promise to bring many more prospective homebuyers to The Glens and give the value of surrounding properties a further boost.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 23 Feb 2018
      RE/MAX Property Associates’ Table View Office, which services property buyers and sellers along the Table Bay coastline and surrounds, has recently sold a home in Woodbridge Island for R11 million – the highest price paid for any home in the sought-after security complex.
    • 23 Feb 2018
      Choosing to invest in an overseas property can be daunting. But as more and more investors recognise the value of a diversified portfolio that includes property outside of their own country of residence, international property investment is growing in popularity.
    • 23 Feb 2018
      The positive change in South Africa’s political landscape is paving the way for an upswing in the local property market.
    • 22 Feb 2018
      An excellent credit score is one of the most priceless assets a potential home buyer can have. This tool has the power to secure favorable mortgage and refinancing rate, influencing everything from the size of the loan repayment to the interest rate on the home loan.
    • 22 Feb 2018
      What do you do if you love your home’s location and the area, but the home no longer fits your growing family’s needs? Do you stay and renovate your existing home or find a home that meets your developing criteria?
    • 22 Feb 2018
      While every owner wants to sell their property at the best possible price, overpricing a home can be the kiss of death for a sale.
    • 21 Feb 2018
      Given the hand they were dealt, government has performed a delicate balancing act which it is hoped will serve to reignite confidence in investment in South Africa, regain our global credibility and satisfy the credit ratings agencies, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
    • 21 Feb 2018
      The real estate mantra, ‘location, location, location’ remains a strong market influence regardless of the prevailing economy, with suburbs like Rondebosch enjoying the buffering benefit of being ideally situated.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us