Feb
2022
Pretoria North West is very much an expanding region of Pretoria and this is evident in the suburbs found in this region of Pretoria.
Karenpark is one of the suburbs, it is a well-established and expanding suburb that has a mixed-use consisting of sectional-title properties and freehold homes. This has created a broad pool of various property usages prospective buyers can choose from and in their budget category.
The suburb has a middle to the middle-upper-class status which is reflected in the sales values achieved for property on the market. The architectural style of homes in the suburb reflects the relatively young age of the suburb and is made up of classic conventional, modern and modern contemporary designs to choose from. Sectional-title properties will attract young couples and young professionals along with pensioners and freehold homes will appeal to the executives and established families. The buy-to-let rental market is a stable environment and demand for rental property is high.
The suburb is in a prime location in relation to accessibility to all the major industrial precincts and commercial precincts close to the suburb. Industrial precincts in Rosslyn, Ga-Rankuwa, Pretoria North and Hermanstad are nearby and commercial precincts in the north of Pretoria, Rosslyn and Sinoville.
Numerous schools service the suburb namely Laerskool Akasia, Amandasig Secondary School and Laerskool Theresapark.
Malls the cater to commercial entertainment and retail needs are Wonderpark Shopping Mall, Goldfields Mall and Karenpark Crossing Shopping Mall.
There are large tracts of vacant land that is perfect for property developers in the sectional-title segment and commercial developers and numerous vacant stands in the suburb that are waiting for the right owner to build their dream home on.
The extension of the Wonderpark Mall is a further indication of the popularity of the suburb as a residential address as retail needs determine the feasibility of investing in costly extensions of commercial property.
