The mixed property usage in Parktown North comprises commercial property, freehold homes and apartments. Because it is such a mixed vibey young culture that flock to the suburb it has brought with it the demand from this young executive culture a need to find exclusive homes in the suburb.
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The attraction to the estate and suburbs is also driven by its central location as you could almost walk to the office, access to major roads like Oxford Road, the M1 north and south and 11th Avenue east and west, access to the Gautrain Terminal in Rosebank, schools and malls which for part of the estates needed infrastructure.
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Like its neighboring suburbs Melrose is an affluent suburb with palatial homes and breathtaking architecture and wise use of land. Property usage in the suburb is diverse which consists of freehold homes, apartments, cluster homes and townhouses. None of the properties are inexpensive by any definition of property values but the location, up-to-date architecture, growth in property value and surrounding amenities make up for this.
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Property usage in the suburb consists of freehold homes, cluster homes, duets and townhouses. For people starting out in the property market townhouses and clusters would be an ideal staring point with slightly lower values but offering stable growth in value and for resale their value is supported by the high degree of demand for homes in the suburb in general.
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Townhouses in Waterkloof Heights is one good way of entering the suburbs competitive market which are still reasonably high priced but this reflects the exclusive status of the suburb.
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The suburb of Nieuw Muckleneuk is a diverse and evolving suburb although it is a well-established suburb. One of the major reasons for this is its prime location in relation to amenities like schools, commercial and retail hubs along with main roads in the suburb that offer commercial property usage for gust houses and B&B’s.
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Property usage in the suburb is diverse with a make-up of freehold homes, cluster homes and townhouses which all lean towards the exclusive end of the value spectrum. The main driving factor in property values is the architecture which mostly modern and sizes of the homes which in many respects compare to homes in the north of Johannesburg in suburbs like Fourways and Bryanston and Sunninghill with the added benefits of the close proximity to major highways and access to the industrial and commercial hubs located in Sandton, Bedfordview and Bucchleuch.
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The architecture which tends more towards the modern end of the spectrum is one strong feature in setting a high degree of demand for homes in the suburb within the permanent residential market and second holiday home market.
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The rental market in Atholl Gardens is always in high demand which is ideal for investors as this ensures a stable growth in rental income and then the increase in property value added to that. The other added attraction to owning an apartment in Atholl Gardens is the views many of these apartments offer over the Johannesburg skyline.
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Most of the apartments offer secure living with access control via electronic gates which also means it is the ideal suburb to enter the property market in. Coupled to the high degree of demand and stable growth in property values it is the ideal young address.
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