What are the chief pricing and sales trends of Kibler Park property?
Like many other sought-after Johannesburg suburbs, Kibler Park has experienced significant growth over the last few years, with more properties also being occupied by young, working professionals who want easy access to the CBD. The growth in demand and prices has been noted across both sectional title and freehold or full title properties - with the former’s average price more than doubling and the latter’s more than tripling over the last ten years.
In terms of market stock composition, freehold title properties dominate the property landscape in Kibler Park accounting for approximately 83% of the total composition, while sectional title and residential estate homes make up 14% and 3% respectively.
The latest property reports indicate that around 62 freehold property sales were concluded over the past year, with average prices ranging from about R 600 000 to around R 1, 800 000. The overall average price of a fraction under R 1, 000 000 is approximately R 200 000 below the current average as per growth and activity trends, and about R 160 000 below the prevailing municipal average.
The above places average freehold property prices here, higher than the likes of Mayfield Park locally and on par with average prices in places such as West Riding in WC, on a national level. You can find modest freestanding homes competitively priced at around R 500 000 up to R 3, 000 000 or thereabout, for more exclusive properties. This speaks volumes for the areas excellent investment potential.
Sectional Title Property in Kibler Park:
32 sectional title property sales were concluded over the recent twelve months, ranging from average prices of about R 300 000 to just under R 1, 000 000 – with an overall average price of close on R 648 000.
This average is about R 50 000 under the figure depicted by current growth and activity trends, while being approximately R 40 000 below the recent average municipal valuation. This places prices here on par with areas like Parktown inGauteng locally.
Kibler Park properties in this category offer residents secure community living and represent the ideal opportunity for first-time buyers to acquire their dream home. Only one successful transfer was recorded over the past year, which is not surprising considering the small proportion of this segment of the market stock composition. The home was sold for R 875 000 which is extremely competitive for the convenience, security and exclusivity that goes with residential estate living. Again investors may be on the scout for one of these rarer residential estate gems within the vicinity.
All in all Kibler Park has a great spread in terms of available property types – all of which have demonstrated excellent growth in terms of value.
Whether you’re looking to find a dream family home, a small starter home, an apartment that suits your preference and pocket or simply looking to invest in a property affording excellent ROI considering recent trends – look no further than Kibler Park.
Where is Kibler Park situated, and what makes its location advantageous?
Kibler Park is a quiet suburb situated in the south of Johannesburg and lies on the western limits of the beautiful Klipriviersberg Nature Reserve. It’s the perfect area to settle for young working professionals who are employed in the CBD. This is largely down to the fact that traffic isn’t as heavy in the south as it is in the northern parts of the city. On a good day you’ll be able to make it through to the city centre in around 15 – 20 minutes.
Despite the tranquil countryside appeal of the suburb, the area also comes with first rate amenities.
What are some of the amenities that Kibler Park property owners can look forward to?
Kibler Park is serviced by a number of outstanding amenities – all of which are within the immediate area or just a short drive away. The Mondeor Police Station is situated nearby as are several reputable schools, including the Danie Theron Primary School, Dalmondeor Primary School, the outstanding private school Waterstone College and the Mondeor Secondary School.
The area also plays host to the well-established Mulbarton Hospital as well as Kibler Park Clinic.
Residents will also find a nature reserve, 18 hole golf course, fully-fledged recreational centre, shopping centres and much more – all within easy reach.
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Author: Barry Davies