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Edenglen a sweet spot for families

The suburb of Edenglen is attracting increasing attention from young families looking to live in the feeder areas for certain sought-after schools, and is currently the busiest property sales area in the popular East Rand town of Edenvale.


This stunning townhouse in the heart of Edenglen has three bedrooms and two bathrooms and is for sale through RealNet for R1,185,000
 
Total property sales in the suburb over the past 12 months were more than double the number in any other part of Edenvale and accounted for almost a third of all property transactions in the town, says Mike Dobbin, owner of the RealNet Bedfordview and Edenvale franchise, who notes that sales of sales of sectional title units in housing estates were particularly buoyant, with a total of 163 units sold in the past 12 months for a combined value of R122,76m.
 
Almost 70% of buyers in Edenglen over the past 12 months were younger than 45, he says, and many are employed in surrounding industrial areas such as Sebenza and Isando or in industrial parks in nearby Boksburg. “And although other suburbs in Edenvale also offer good value, Edenglen seems to be the ‘sweet spot’ since it falls in the feeder area for top local schools such as the Edenglen primary and high schools, and the Eastleigh and Hurlyvale primary schools."
 
Dobbin says the suburb also offers good infrastructure and easy access to main routes, and that family buyers in the area, generally target comfortable full-title homes on large stands, of which 101 were sold at an average price of R1,9m in the 12 months to the end of April. “However, many are also buying sectional title units in modern and well-maintained housing estates at lower prices to get a foot in the local property market.”
 
Young buyers between the ages of 25 to 34 are also targeting sectional title units because Edenglen offers such convenient access to main routes to the Johannesburg CBD,Sandton, Pretoria, and the Oliver Tambo International airport. Many of them also buy with a view to upgrading to larger units or full-title homes once they start families, he says.
 
“Prices for sectional title flats start at around R350 000 for one-bedroom units but the biggest demand currently is in the R750 000 to R1,3m bracket, where units of 100sqm typically offer three bedrooms, two bathrooms and two parking bays.”
 
At the same time, rental demand for units in complexes is high among young people who still cannot afford homes of their own but want to settle in Edenglen, he says, and investors are now very active in the market. “Buy-to-let units in all price ranges are popular as investors are confident demand will be sustained because of the extensive mixed-use developments now being planned on the Edenvale boundary.”


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