Underpinned by a strategic location and rampant commercial development in recent years, Midrand’s burgeoning residential property landscape offers a broad spectrum of properties and excellent value, especially in the estate sector which is attracting considerable investor interest.
“Despite the economic slump, there’s has been a surge in activity across the board, but most notably in the secure estate sector where we’re seeing the newer estates becoming more established with their growing popularity spurring a proliferation of amenities in the area,” said Grahame Diedericks, manager principal for Lew Geffen Sotheby’s International Realty in Midrand.
“Property prices range from an accessible R3.1 million for a modern three-bedroom family home to around R13 million for an expansive designer home with all the bells and whistles.” Property values have shown considerable growth on this estate, with the freehold median price almost doubling in the past four years, from R2m in 2018, to R3.6m in June this year, said Lew Geffen Sotheby’s.Carlswald offers the quintessential country life, yet is only minutes away from modern urban amenities.
“Buyers seeking lock-up-and-go convenience can buy a modern one-or two-bedroom flat for between R830 000 and R1.2m and house prices generally range between R3.5 million and R6 million for very spacious three-to five-bedroom family homes with sizeable gardens.”
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