More than 230 properties, worth just R118-million, have been sold in the southern suburbs of Johannesburg so far this year and Seeff’s Shawn Mackrell says the area is providing excellent value for money considering that the average sales prices is just R505 324.
He says the lowest price for a property was in La Rochelle where a home was sold for just R260 916. According to estate agent Les Wilsenagh, the southern suburbs of Johannesburg provide excellent access to all the main bus routes into the city, are close to amenities such as schools, crèches and shops are have read access to the highway network.
“With the average selling price of just over R500k, repayments on a bond are about R5k and this means that a joint household income of about R17k is required to purchase a property in these suburbs,” says Wilsenagh.
He says that for the price buyers will get an average home comprising at least three bedrooms, a bathroom, kitchen, lounge and garage.
“Houses in the old Johannesburg southern suburbs represent really excellent value for money, particularly those that have been properly maintained over the years,” Wilsenagh says.
The number of properties sold in the southern suburbs so far this year includes: Rosettenville, 35; Turffontein, 32; Kenilworth, 30; South Hills, 24; Regent’s Park, 23; The Hill, 22; Crown Gardens, 14; Forest Hill, 12; Booysens, 9; Haddon and Townsview, 7 each; La Rochelle and Unigray, 6 each; Lindbergh Park and Turf Club, 3 each and Moffat View, 1.
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