Midrand Property and Area Information
Investment in property in Midrand is a safe bet as Midrand one of South Africa's most rapidly developing cities as well as being one of Africa's fastest developing investment centres.
From its humble beginning as a halfway point between Gauteng's two major cities (Johannesburg
), it’s now the dynamic centre of a major metro stretch with Centurion
set to the North, Sandton
down to the South, Edenvale and Kempton Park on the East and Kyalami
to the west.
From a real estate perspective its central position makes both townhouses andhouses for sale in Midrand highly sought after housing for both permanent and buy to let real estate interests.
The area itself is also home to a high number of corporate head offices (BMW, Vodacom etc) and businesses so townhouses and houses in Midrand also offer convenient access and a short commute to tenants and homeowners wishing to reside close to work. The fact that many large corporations and businesses are still relocating here is another great sign for Midrand property investors.
The easy access to workplaces also contributes to the appeal of property in Midrand amongst residential real estate investors – particularly the Midrand rentals market. Many of the townhouses for sale in Midrand are also very well priced and bring in a solid return to investors purchasing townhouses or flats in Midrand to rent.
Midrand properties are also well situated in terms of ease of access. The recent improvements to one of the N1’s busiest intersections - Allandale, as well as the alternative at New Road allows Midrands residents to quickly link up to JHB and the likes of Sandton
as well as Centurion
to the north.
The make-up of residential property in Midrand has undergone a radical change since its early days and as opposed to just plots and smallholdings now offers a full spectrum from smallholdings to luxury Midrand estates (Kyalami Estate, Carlswald Estate and Beulah) to traditional freehold houses in Vorna Valley
to a host of cluster developments and a plethora of Midrand townhouses and complexes.
Midrand houses have been dwarfed in growth when compared to the increase in the likes of the sectional title property in Midrand (townhouses, flats and apartments)
Townhouses in Midrand for sale under the R1 million mark, catering to the younger and first time home buyers are quick to sell and often attract multiple offers.
Cluster complexes and secure Midrand estates are probably in the highest demand when it comes to the higher pricedMidrand properties – and the Midrand estates such as Kyalami, Carlswald and Savannah Hills Estate perform very well from a real estate investment perspective.
Property in Midrand really has something for everyone in terms of size, taste and pocket – from a R15 million mansion in one of the Midrand estates, to roomy traditional Midrand houses in the likes of Vorna Valley and Halfway Gardens
, sprawling smallholdings in Glen Austin
and Beaulieu, to a host of Midrand townhouses from R650 000 upwards.