Dec
2021
The tranquil residential suburb of Miramar is surrounded by upmarket suburbs which means buyers will add the suburb to their search list. The mixed property usage attracts the full income spectrum which also includes pensioners.
The architectural styles in the suburb vary from modern, classic conventional, Art Deco, Edwardian and Victorian styles. The Victorian and Edwardian styles are a part of the British colonial era which capture how the town of Port Elizabeth and its suburbs have developed. The market value of these styled home varies, depending on the condition of the home and for commercial renovators and resellers these homes have above-average returns.
Freehold homes set the benchmark for property values which influence the sectional-title segment ensuring stable growth in both segments. This bodes well for the prestigious homes in Miramar as there is a lot of stock in the suburb. The middle-class income group, in turn, want value for their money and Miramar offers this to the market too.
The other benefits of being a resident in Miramar are its prime location as it is close to numerous schools, malls, industrial and commercial hubs.
Schools in or near to Miramar are St Dominics’ Priory School, Mount Pleasant Primary School and Hoerskool D.F. Malherbe.
Malls that cater to retail needs and commercial entertainment are Emerald Square Centre, Kings Court Centre and apartments and Greenacres Shopping Centre.
Industrial and commercial nodes close to the suburb are Sydenham, Sidwell, North End and Perseverance Industrial.
Uitenhage is a major manufacturing and industrial node where automotive manufacturers are a major source of household incomes. Compared with cities like Jo’burg and Pretoria the 37-minute drive is negligible.
