The demand for townhouses in the Bryanston and Rivonia areas in Johannesburg continues to gain strength.
The townhouses at Homestead, which are available in two bedroom, two-and-a-half-bathroom, as well as three bedroom, two-and-a-half bathroom configurations are ideal for investors, small- to medium-sized families and young professionals. Prices at Homestead are set to start just below the R2 million mark.This is according Chris Renecle, MD of Renprop, who says as the main supply of residential properties in the area is mostly made up of large freehold homes or sectional title apartments, there is nothing in between for buyers who don’t want a property too big or too small.
“Therefore the need for townhouse-style homes in the precinct is evident,” he says.
He says the strong demand for medium-sized, sectional title townhouses in the area can be judged from buyer response to Habitat on Cowley, a 54 unit secure townhouse development on Cowley Road.
Only a stone’s throw away from Habitat on Cowley, Homestead, a new 32 unit townhouse scheme, is being brought to market this month.
Renecle says the rapid development in the general Rivonia region in recent years is another factor fuelling demand for this kind of residential property in the area.
“Renprop, together with some other high profile developers, have built and sold out several successful sectional title apartment buildings in the Rivoina precinct over the past few years,” he says.
“During this time, prospective buyers have constantly reminded us about their need for homes with more space and private gardens in the area. More and more people who are looking to live in secure environments, close to their place of work, will continue to drive the demand for residential property in Rivonia.”
Russel Peach, Divisional Manager of Renprop Residential Projects, says Homestead is well-located on the corner of 12th Avenue and Homestead Road in Rivonia.
The 32 contemporary, semi-detached duplex homes that make up Homestead are ideally placed for those who work or have children attending school in the Bryanston, Rivonia and Sandton areas.
“Homestead is also situated within proximity to a selection of shops, schools, the Sandton CBD, medical facilities, as well as N1 and M1 highway and the Gautrain,” says Peach.
The townhouses at Homestead, which are available in two bedroom, two-and-a-half-bathroom, as well as three bedroom, two-and-a-half bathroom configurations are ideal for investors, small- to medium-sized families and young professionals.
As a semi-detached duplex townhouse development, each unit will be practically freestanding with private, walled gardens, says Peach.
Prices at Homestead are set to start just below the R2 million mark.
To attend the launch function, or for more information, contact Russel Peach on 082 8002 082.
