Glenmarais is a well-established and highly sought-after suburb of Kempton Park on the East Rand. The suburb is known as a middle class suburb which is very much reflected in the property values.
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The reasonable affordability of homes in the suburb means there is a high degree of demand which is also driven by the suburbs location. Affordable property should be viewed as the ideal entry point into the property market. The demand for affordable property has created a stable market with a broader buyer’s base and, by the same token, the tenant market in this sector is larger than the middle to high income market.
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The suburb has been re-developed and is now a middle to upper-class income suburb, with exclusive homes with prices from the mid R500’s to the R1.8 mil mark. The architecture which is modern, sets a standard for surrounding suburbs and is an attraction of the suburb.
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The mixed property use is another advantage and investment prospect of the suburb with a number of commercial properties that could be converted to sectional title residential use.
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The mixed property use which comprises apartments, clusters, townhouses and freehold homes caters for the whole buying market and ages. Townhouses will suite first time home buyers and buy-to-let investors as the market segment has a high demand with good returns with a large selection of property to choose from.
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The mixed property use which comprises townhouses and freehold homes is a major benefit to the suburb in general as this increases the market platform of the suburb catering for first time home buyers in both the sectional-title and freehold homes market with the reasonable affordability in mind.
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The architecture of the suburb is both conventional and modern which will please a larger market. Property growth rates are comparable to suburbs like Alberton and more exclusive suburbs with only pricing, being slightly lower.
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The mixed property use of the suburb means first-time home buyers are not forgotten as there are a large number of town-house complexes and apartment buildings to choose from and values which should entice buy-to-let investors and tenants alike. The proximity of the suburb to the Johannesburg CBD and other suburbs is a major advantage for those employed in the commercial sector.
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There are not many suburbs in Johannesburg that rival the views from homes in this tranquil suburb. This undulating setting makes for spectacular architecture which makes full use of the vista.
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This sedate suburb is today middle to upper-class suburb with groomed gardens and spacious grounds with a mixture of architecture from conventional to ultra modern. The mixed property use is one feature of the suburb that drives demand amongst first-time home buyers and investors.
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