PROPERTY: The Most Expensive Suburbs in Gauteng Revealed
Recent Gauteng Business News
ACCORDING to Lighstone’s latest newsletter the most expensive suburbs in Gauteng are, with the exception of Blair Atholl, all located in Sandton.
Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
Charles Vining, Seeff’s MD in Sandton, says although Blair Atholl is not technically part of their license area they do sell property here.
“This exclusive estate is home to the successful elite, situated conveniently nearby Lanseria airport, and the convenience of private hangars. Positioned beyond the hustle and bustle, Blair Atholl offers country-living with maximum security on a magnificent golf estate”.
Vining continues that Westcliff is a leafy suburb with a rich history reflected in its architecture and homes here have views over the greenbelt area that is the Johannesburg zoo.
“Many of the stately homes in Westcliff have impressive gardens shaded by Jacaranda trees”.
Vining says although Dunkeld is at the same time in the heart of Sandton, it is also tucked away in well-established avenues as the quiet neighbour of Hyde Park and Rosebank.
“Sandhurst is arguably the most prestigious suburb in Sandton, where the most super-homes in Johannesburg are found. Home sales in Sandhurst have been as high as R80 million in recent history and many international businessmen and women looking for a Johannesburg base, invest in Sandhurst.
Coronation Road in Sandhurst is also highlighted as the most expensive street in Gauteng at an average value of R 26.8 million per house”.
Inanda is home of the elite Inanda Polo Club and the impressive functions and events hosted here. Properties here are mansions set on sprawling lawns and many of Johannesburg’s who’s-who call Inanda home”.
Vining adds that even though Hyde Park is not featured on Lightstone’s list, having an address here is a hallmark of success.
“Properties of all types and styles are to be found in Hyde Park and the suburb has held its value well over the years. Investors who’ve owned property here for the medium term have experienced good returns when on-selling because Hyde Park is always in demand”.
Lightstone also lists 4th road in Hyde Park with an average value of R16.9 million per home, 1st road in Dunkeld West (R16,6 million per home), Woolston road in Westcliff (R13.7 million), 9th Street in Houghton estate (average value of R13.2 million) and The Stables Close (R13 million) as the most expensive streets in Gauteng following Coronation road.
Business News Sector Tags: Property|