Sep
2017
The suburb of Sharon Park on the East Rand is still a young developing suburb of Nigel. There is no doubt that property in the suburb has a high demand as the suburb is in a prime location, situated close to all the major commercial and industrial hubs. This is of course made possible by the many major roads connecting to the various hubs.
The property usage seems to cater primarily for the first-time buyers’ market as there are numerous townhouse complexes in various stages of completion, freestanding homes, cluster homes and commercial real estate.
The property usage is not limited to sectional title developments as there is a large selection of freestanding homes and apartments which seem to cater for the middle-class income groups.
Being a developing suburb means the architecture is modern and fresh attracting scores of buyers and even rental investors in the sectional title property market. This makes perfect sense as the demand for rental property is as high as the buyers’ market. There is of course also a number of more conventional designed homes which fall in the more affordable income range but these are home that should not be overlooked for their size and the large stand on which they are constructed.
One could classify the freestanding homes as the upper end of the property market when taking into account the sales values achieved for freestanding homes on the open market.
Major roads connecting Sharon Park to commercial hubs, industrial hubs, schools and retail malls are the N17, Welgedacht Road and the N12.
Schools catering for educational requirements are Selpark Primary School, Springs Girls’ High School, Springs Boys’ High School and Olympia Park High School.
Malls catering for retail and entertainment needs are Springs Mall, Mall@ Carnival Shopping Centre, Palm Mall Springs and The Avenues Shopping Centre. Carnival City is a frequented entertainment venue for a large part of East Rand residents.
