Jul
2020
The median property prices for the greater Vereeniging has been fluctuating over the past 16 years and it seems as though this graph is in an upward trajectory for the region.
Bedworth Park is one of the suburbs that will experience this positive trajectory significantly as the suburb caters for the largest portion of the buyers’ market namely the lower to middle income groups with the average selling price around the R 880 000.00 mark. This would also indicate that the suburb does have some more upmarket homes thus actually allowing the upper middle-class an opportunity to buy into this well-established familial suburb.
Influential factors that contribute to demand for homes in Bedworth Park is its prime location as towns like Vanderbijlpark and Sasolburg are nearby and then Vereeniging with its major industrial nodes in both the steel mills and allied manufacturing and related industries. Coupled to the industrial sector there is then also the commercial side of the companies which add to household income. One of the major sources of household income in both commercial and industrial sectors is ArcelorMittal South Africa.
The mixed property usage is another factor which appeals to the buyers’ market as property usage consists of freestanding homes, townhouses and apartments. Single persons, young couples, medium sized families and established families will find a home to cater for their needs and then there is also a diverse architecture in the suburb consisting of conventional to more modern architecture.
Bedworth Park is also in the advantageous location to make use of the Vaal University of Technology and North-West University Vaal Triangle Campus which are on the doorstep and then a substantial number of schools.
Then Bedworth Park also has access to major roads like the R553 which connects to the N1 for easy access to town in the south of Gauteng.
Schools servicing Bedworth Park are Pinedene Primary School, The Vaal High School and Hoerskool Vanderbijlpark.
The Emerald Resort and Casino is part of the entertainment to Bedworth Park and then the malls that cater for retail needs are Bedworth Centre and Vaal Mall.
