Apr
2019
The central northern suburbs of Johannesburg evoke the idea reminiscent of art deco and vibrant glitzy outdoor lifestyles which was one of the cornerstones of the regions development to echo lifestyle in New York. Needless to say these suburbs are well established and sought after.
This is true for the tranquil suburb of Cheltondale which forms part of the larger Park Town and Rosebank region. This by definition means the suburb is then a middle-class suburb with a mixed property usage which comprises freehold homes, cluster homes and apartments.
The central location of the suburb is one of its major contributing factors in setting the demand at current levels and contributes to stable growth in property values.
Due to the prime location the suburb has a high demand within the apartment rental market and due to this demand rental income is reasonably high making it the ideal suburb for long term property investors.
Other factors that determine the high degree of demand is the suburbs proximity to the commercial hubs in Sandton CBD, Rosebank, Rivonia, Melrose and Morningside on roads such as Louis Botha Avenue, Oaklands Road, Ivy Road and Hathorn Avenue which connects the suburb to the eastern region of Johannesburg which are all within easy access, avoiding the congested major freeways.
Having neighbors like Norwood, Highlands North and The Gardens have a positive influence on the suburb in that the overflow of buyers in neighboring suburbs include Cheltondale as a residential address. The suburb is also favored by pensioners with the apartments being the prime investment prospect.
Short streets are a major factor in contributing to the tranquility of the suburb which makes it the ideal family oriented suburb and residents enjoy the factor with entertainment in mind.
The suburb does not lack the proximity of amenities like schools and reputable schools. Here is a list of some of the popular schools, Orchards Primary School, Highlands North Boys’ High School, Maryvale College and St Mary’s School.
Malls servicing the suburb are Norwood Mall, Balfour Park, Kilarney Mall and Melrose Arch.
Take a tour of the home in Cheltondale via the Myroof web-site.
