Lonehill a top pick for young professionals
Category Industry News
A rising number of young professionals are purchasing property in Lonehill due to its unrivalled lifestyle.
Dylan Rodda, Adrienne Hersch Properties Area Agent, Lonehill offers buyers an ideal 'live-work-play' lifestyle, adding its convenient and easily accessible location is a major drawcard for this demographic of buyers.
"Millennial and Gen Z buyers are all about convenience. Lonehill is ideally situated close to major transport routes, dining and entertainment attractions, leading schools and hospitals as well as to several corporate headquarters in the Fourways, Bryanston, Rivonia, Sunninghill, Woodmead and Sandton areas."
Recent figures by Lightstone show that 47% of buyers in the area for the period January to December 2018, were between the ages of 18 and 35.
Dylan says Lonehill offers buyers excellent value for money as well as a wide selection of property from freehold homes to cluster and estate developments, to sectional-title apartments and townhouses.
He however says that sectional-title property remains the most sought after among this demographic of buyers.
"A large chunk of these buyers is new to the market and seeking entry level one, two and three-bedroom sectional-title units that offer a secure, lock-up-and-go lifestyle."
A one-bedroom apartment sells for between R740 000 and R1 million. A two-bedroom apartment can fetch between R875 000 to R1.7 million. A three-bedroom townhouse sells for between R1.5 and R2.5 million. A three-bedroom cluster can achieve between R1.7 and R2.7 million while a four-bedroom cluster home sells for between R2.6 and R3.1 million. Dylan says price is determined on property size and age, architectural design, and extras such as bathrooms, garage and staff accommodation.
He says Lonehill's strong community focus and emphasis on security is another major attraction for buyers.
"Lonehill is a tight-knit, family-oriented community. There are always people on the move whether it be the Park Run, a mother walking with a pram or even a group of friends climbing the Lonehill Koppie. The area is also renowned for its strong security drive."
Dylan says he anticipates demand to be further bolstered by the multi-million-rand development of the Fourways Precinct, which is set to rival the likes of Sandton and Menlyn.
"This high concentration of development will see Fourways and surrounds emerging as one of Gauteng's premier lifestyle, business and entertainment destinations."
Author: Adrienne Hersch Media Team