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Good schools earn top marks for Randpark Ridge

Homes in Randpark Ridge are now in high demand thanks to its proximity to several top government and private schools.
 
Traditionally seen as a suburb offering good value for money among buyers with young families, the emphasis has now changed to desirability, says Rob Allan, owner of the RealNet Randburg franchise. "It is now an area of choice, rather than one where affordability is the first consideration," he says.


This Randpark Ridge home with four bedrooms, four living areas and a study was recently sold by RealNet Randburg for just over R2m.
 
Strong demand has indeed influenced property values and homes near the sought-after schools now command premiums of between 10 and 15%, says RealNet area specialist Jane Allan.
 
"Randpark Ridge is bisected by Beyers Naude Drive and homes in the western section are especially in demand because of their proximity to local schools such as Randpark Ridge Primary – rated as one of the top 10 government schools in the country – the equally prestigious Randpark High, and private schools such as Trinity House and Aurora. Around 70% of current buyers want to settle in the feeder area for these schools and many buyers have well-paid positions in the banking and telecommunications sectors."
 
Price growth in the western section is being further underpinned by rocketing house prices in neighbouring Boskruin, currently also a “hot spot” in Randburg, she says, and large stands and comfortable, family-sized homes are other draw cards. Stand sizes start at around 800sqm, but most stands measure between 1100sqm and 1300sqm.
 
Prices for older family homes in the area start at around R1,4m, but Allan notes that homes in this price range are scarce and typically need a fair degree of renovation. "However, they are highly sought-after because the area offers much scope for renovation with little danger of over-capitalisation."
 
Properties priced at up to R2,5m are currently selling well (see photo) and there is also reasonable demand for top properties with up to four bedrooms, three or four reception areas, an entertainment area and pool and a double garage at prices up to R2,8m, she says.
 
Townhouses in the 1,3m to R1,7m price range are also in demand among buyers with young families. "These prices are obviously more affordable and many buyers view a townhouse as away to gain a foothold in the suburb. Such properties are also popular with older residents who are downscaling but don’t want to leave the area.”
 
Cluster homes priced between R1,5m and R2,5m make up a small percentage of available homes in the suburb and are seldom offered for sale. When a unit does become available it is usually snapped up in short order, Allan adds.


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