select
|

Continued demand makes Douglasdale an investment hotspot

The northern Johannesburg suburb of Douglasdale is often confused as being a part of the neighbouring suburb of Fourways, however it is actually wedged between the suburbs of Fourways and Bryanston.


Exterior of Douglasgate

Built upon the Douglasdale farm, which was first established in 1905 by Scotsman Thomas Douglas and his wife Janet Alexander, Douglasdale has developed over the years from a rural dairy farm into a popular residential node. However it is still well known for its milk and today the Douglasdale Dairy services most of the greater Gauteng region including distribution as far as the North West Province and Mpumalanga and accounts for around 1.5% of the country’s total dairy production.

As a fairly established suburb, property in Douglasdale comprises a mix of old and new sectional title developments as well as some older, larger family homes.

The access to a range of amenities from shops, gyms and restaurants to schools and medical facilities is what has contributed to the high demand for property in this area. “In fact,” says Russel Peach, Renprop Residential Projects Sales Manager, “Due to its ideal placement Douglasdale is now regarded as a hot investment node. Homes within Douglasdale do not usually remain on the market for long and sectional title properties are in particularly high demand, especially among those looking to rent.”

He says that buy-to-live purchasers are attracted to the area due to its excellent positioning proximate to a range of amenities and entertainment centres such as Monte Casino, as well as easy access to major highways and byways along with the business nodes within the northern Johannesburg area. Investors with buy-to-let portfolios are attracted to the area as there is an exceptionally high demand for rental units.

Chris Renecle, MD of Renprop points out that from an investment perspective; those who invest in rental property portfolios despite having to put down equity are enjoying solid returns due to the increase in demand for rental units in this area. “Demand is being driven by a lack of 100% bonds and the fact that there is a lag in supply stemming from the drop off in building of new developments post recession.”

Douglasdale however, is home to a number of new developments aiming to cater to demand for sectional title properties within the area.

Douglasgate, one of the new residential developments in the Douglasdale area, is launching Phase 4 on the back of the sell-out success of Phases 1 and 2, which are already completed. Comprising 232 units in total over approximately 25 blocks of three stories each, this traditional townhouse development has just 60 units still available between Phase 3, which is currently under construction, and the soon to launch Phase 4.

Designed for modern living with low-maintenance features and open plan living, buyers have a choice of one-bedroom, one-bathroom; two-bedroom, one bathroom and two-bedroom, two-bathroom units ranging in size from 50m2 to 120m2. All units have either a balcony or small garden as well as covered and open parking bays. Provision has also been made for visitors parking.

Communal facilities at Douglasgate include a swimming pool, clubhouse and tennis court, which are already built and in operation.

“Security is top of mind for most buyers in today’s market, and those looking to purchase in the Douglasdale area are particularly cognisant of security measures. Douglasgate has 24-hour security including a walled perimeter with electric fence and a manned gatehouse/access control,” says Peach.

Perhaps the most attractive feature of this development is its pricing. Peach says that units sell between R700 000 and R1,4million, making it the most competitively priced development in the area. He says a two-bedroom, one-bathroom unit in this development is typically priced at around R850 000 while the two-bedroom, two-bathroom units start at around R1,5 million.

“Fair-market value, ideal positioning and growing demand for property in the area will assist property investors to see healthy returns over the long term. When it comes to purchasing property, location is a key element to consider, and fewer suburbs are in a more prime position than Douglasdale,” Peach concludes.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 23 Nov 2017
      Reserve Bank Governor, Lesetja Kganyago, said that the Monetary Policy Committee had once again decided to let the interest rates remain unchanged with the repo rate at 6.75%, and the prime lending rate at 10.25%.
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
        
    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