Properties offering views of Johannesburg's skyline in the leafy Northern suburb of Northcliff are experiencing a resurgence in demand among buyers and investors.
Maria Grieve, Adrienne Hersch Properties area specialist, says a key reason for this demand is lifestyle.
"Buyers see this as a lifestyle investment. Young families seeking to put down roots want more than a home, but a way of life, where they have space for their children to play, easy access to various entertainment and lifestyle amenities, as well as can experience peaceful skylit evenings every day away from the city buzz."
She says an interesting trend she has picked up in the area among buyers aged between 30 and 45, is that many are seeking larger, freestanding homes as opposed to smaller lock-up-and-go properties in which they can raise children.
Maria says other major drawcards to the suburb are easy access to the best private and public schools in the city, large gardens for children to play ball and dogs to run, as well as proximity to a range of amenities.
She says the suburb offers excellent value in comparison with nearby Westcliff, where buyers pay significantly higher prices for similar views.
Maria says buyers are willing to pay a premium for properties with views, adding that a number of buyers are seeking well-priced fixer uppers with fantastic views for both residential and commercial purposes.
"A number of buyers have expressed interest in opening up a luxury guesthouse or AirBnb in the area due to its central location and quiet suburban feel, close to the pulse of the city."
Two-bedroom apartments in the suburb range between R1.2 million and R1.9 million depending on location, finishes, size and features, while three-bedroom townhouses sell for between R1.3 million and R2.3 million. Buyers can expect to buy between R2.8 million and R6.5 million for three-bedroom homes. Four and five-bedroom homes are selling for between R3 million and R10 million.
Maria says she has some amazing stock on the market, each offering a unique opportunity for buyers and investors.
"I currently have two properties on offer in Ethel Avenue, which boasts views to the West and the East. The first property is a guest house boasting 180-degree views from Soweto, downtown Johannesburg, Brixton and Hillbrow towers to Parktown and Rosebank. Buyers can configure the property for a variety of purposes including a residence, traveller retreat or upmarket guesthouse. Further down Ethel Avenue, we have another house boasting North West views. On Rockey Drive, we're selling 4 ,955sqm vacant land with North East views, which is ideal for luxury cluster or sectional-title units. The pricing for all of these properties is excellent, in the R3.2 million and R4.5 million range."
"Another amazing opportunity for the discerning buyer is a three-bedroom penthouse ideal as corporate VIP accommodation or as yuppie lifestyle pad. You don't come across penthouses often in Northcliff, so this is really a once-in-a lifetime opportunity. Some notable features include motion sensor lighting, electric blinds, ultra-modern kitchen, media room and private entrance by elevator."
For more information on properties in the Northcliff area, contact Maria Grieve on Tel: 072 436 7666 or Email: firstname.lastname@example.org