For first time home buyers the suburb is ideal in this regard with values ranging from the mid R500 mark to above the R1.2 mil mark. Attaining bonds in the suburb falls within the same criteria as any other suburb in Gauteng and South Africa.
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Marais Steyn Park is a well-established middle class suburb located on the East Rand. The suburb is part of the Ekurhuleni municipality and is one of the more sought after suburbs near to Edenvale and the Royal Johannesburg and Kensington Golf Club.
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The suburb can be described as quaint with older homes and their typical old world charm of brookie-lace caped front porches and large sweeping bay windows. It is idyllic and has a sense of tranquility that is not often enjoyed in suburbs so close to major industrial hubs. The tree-lined neat streets speak of a well kept middle-class suburb with a predominantly freehold home property use.
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The mixed property use of the suburb caters for a large market from apartments, clusters, freehold homes to townhouses. This has created a varied pricing structure in the suburb and will suite single people, small or young families as well as already established families.
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The suburb should thus be viewed as the ideal starter suburb. It offers a stable growth in property values very much equal to the general property growth values of Gauteng as well as has a high degree of demand due to the location.
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The mixed property use attracts the whole income spectrum in the middle-class range from established families, young couples and first time buyers. The property usage comprises apartments, freehold homes and townhouses and a few undeveloped small holdings. The benefits of the location of the suburb are the well-established infrastructure like schools and malls which are within easy access.
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The architecture of the suburb is a good mixture of conventional and modern which will suit the larger market. This factor is the other factor indication growth in the suburb. This factor also means demand for homes in the suburb is equal to that of its neighbors.
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The suburb of Bendor and its extensions can be described as middle-class suburbs with a few lifestyle estates which help stabilize and drive market values of property. Demand for property in Bendor stems from factors like it’s more conventional and modern architecture, newer homes and its prime location within the greater Polokwane.
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The prime location of the suburb and varied property usage means a wide market will be satisfied and this includes commercial properties. Property usage comprises apartments, freehold homes and townhouses of which many have been given a major facelift to further enhance the possible income generated from sales and a very strong rental market.
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The mixed property use of the suburb comprises freehold homes, sectional-title town houses and cluster homes which mean young and old small and large families will find a home to suit their needs and taste. Being a well-established middle class suburb does not mean the homes are all on the conventional scale of architecture. Many of the homes are newer in architectural design which further proves that the suburb is a stable investment prospect.
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