Apr
2020
Glenwood in Durban is middle-class suburb with a mixed property use which comprises freehold homes, apartments and sectional-title townhouses.
There are a number of commercial and industrial properties close to the suburb which does not in any way detract from the stable growth in property values which are comparable to the same suburbs across South Africa. In fact there commercial properties could offer a lot in terms of property use such as back packers lodges or apartments for the astute investors.
Architecture is mixed with a lot of the homes dating back to the early 50’s and conventional and modern homes which all contribute to the average prices of properties in the suburb.
The other major selling point of the suburb is that the suburb is set on a hill offering views over to the sea and surrounding Durban which adds to the property value in a small way.
The rental market is performing strong and the sectional-title homes will suite investors in the holiday residence market and the general rental market due to the location of the suburb to the beach front, commercial and industrial hubs. The suburb is also favored by retirees due to the fact that it is a tranquil suburb even in peak holiday seasons.
The suburb is well-established which means schools and malls are catered for.
Permanent resident to the suburb have the advantage of having the University of KZN on the doorstep which opens up the market for student residents in the apartment market.
The proximity to the Durban CBD is another factor to consider making the suburb the ideal location in terms of travel to work.
Here is a list of some of the popular schools in the suburb such as Durban Girls High School, Penzance Primary School and Glenwood High School. The Durban University of Technology is close to which further highlights the ideal location of the suburb.
Take a tour of the homes in Glenwood via the Myroof web-site.
