select
|

Buyers find good value in peaceful Lonehill

When it was established in the 1970s, the northern Johannesburg suburb of Lonehill quickly became known for country-style living around the famous Lonehill Kopje and nature reserve at its centre; and it still boasts beautiful parks and green belts as well as a strong sense of community.


This exceptional property in Lonehill is on sale through Sotheby’s International Realty for R4,25m

Indeed, says Sally Andrews, the area specialist for Sotheby’s International Realty, the area’s most appealing feature for residents and prospective buyers is the “Lonehill lifestyle” – a safe and secure lifestyle centred around the Lonehill Shopping Centre, which offers good restaurants as well as a Nedbank branch, a Virgin Active gym and convenient shopping at Woolworths and Pick ‘n Pay.
 
“The area also has a very strong residents’ association and an affiliation with Fidelity Security that ensures secure living. Lonehillwas voted as SA’s safest suburb by E-Blockwatch last year. A specialised emergency medical response service is also available to residents at low cost.”
 
She says the Lonehill Residents’ Association fosters strong community spirit, organising annual events such as the Spring Day celebration, Mothers’ Day picnic, and Carols by Candlelight evening; “and our own office is the collection point for the winter soup drive and Christmas hamper fund that the LRA runs for our security guards”.
 
Andrews, who has lived in Lonehill herself for the past 24 years, says the majority of residents are between the ages of 36 and 64, although there is a bigger contingent of younger families buying into the area now, with the local Crawford private school being an additional strong attraction.
 
She says that homes generally sell for between R1,85m and R5,5m and that buyers believe that Lonehill offers much better value for money than surrounding lifestyle estates and areas such as Dainfern, Fourways Gardens and Cedar Lakes.
 
“There is, however, a shortage of homes for sale in the area at the moment, and prices seem to be on the increase reflecting up to 10% growth per year so if there are any homeowners thinking of selling it would be a good time to achieve a record price as demand is high in the area.”
 
Meanwhile, she notes, there is also high demand for sectional title rental properties in Lonehill, and buy-to-let investors can currently expect monthly rentals equal to about 0,7% of the value of their units.

Find more property for sale in Lonehill


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 24 Mar 2017
      Many 25 to 35-year-old millennials would love to buy their own homes – but don’t have the earnings, steady jobs or credit records needed to qualify for home loans and so have no choice but to keep renting.
    • 23 Mar 2017
      A home is the biggest financial asset most South Africans will ever possess, but what happens to that home when the owner passes away?
    • 22 Mar 2017
      There has been a mild improvement in the buying of secondary homes, such as holiday homes, homes for use by a relative and buy-to-let homes, in line with signs of an improved economic environment.
    • 22 Mar 2017
      If you’re renting a property, as either a tenant or a landlord, you should be quite familiar with the concept of incoming and outgoing inspections – they are, after all, required by law under the Rental Housing Act.
    • 20 Mar 2017
      The valuation of a property is one of the key factors in determining how long it remains on the market and for a seller it’s crucial that an accurate, market-related price be ascribed to a home, which means that the highest appraisal is not necessarily the best appraisal
    • 20 Mar 2017
      When putting one’s house on the market the primary objectives are usually selling your home quickly and efficiently and, hopefully, at a price that ensures you make a profit.
    • 18 Mar 2017
      The level of homes being resold at values below their previous purchase price has risen mildly in recent months, but still remains moderate by historic standards.
    • 17 Mar 2017
      Buying your first home is one of the most exciting times of your life, but there’s no denying the stress factor of such a huge financial commitment. With those monthly payments looming, having any extra cash in the bank might seem like a distant dream, but with a little work and a lot of creativity, it could be easier than you think!
        
    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