What are the main Linmeyer property sales and market trends?
This developing suburb is currently comprised of 68% freehold or full title and 32% sectional title properties, with no residential estate homes – as per current national SA property data reports.
This increasingly popular area has shown a considerable uptick in average prices over the past decade, with both freehold and sectional title properties (townhouses, apartments, flats and the like) more than doubling in value.
The sales trends and ongoing developments in Linmeyer and the surrounding areas have opened up tremendous real estate investment potential as well as fabulous residential purchase opportunities forJohannesburg property purchasers.
Freehold Linmeyer Homes
Recent reports indicate that over the past year 35 freehold properties have been sold. These have ranged reasonably broadly from approximately R 660 000 up to close on R 1, 700 000, with an average of around R 1, 050 000.
The overall average of these transfers is just under the current growth and activity property price average of R 1, 130 000 and the municipal valuation of R 1, 200 000.
This places pricing of homes in this category above the likes of Towerby and Roseacre locally, whilst being on par with areas like White River Central in Mpumalanga.
Sectional title Property in Linmeyer
Reports further indicate that a total of 26 sectional title property transfers were successfully concluded over the past twelve months.
These ranged from average prices of around R 370 000 to close to R 530 000.
The overall property price average based on these transfers is approximately R 510 000. This is similar to the current growth and activity average of R 478 000 as well as the current municipal valuation of R 521 000.
This average is virtually on par with areas including Woodgrange in KZN, Delmas in the province of Mpumalanga as well as the likes of President Park AH in Gauteng.
Where is Linmeyer situated – and what makes its location an advantage?
Linmeyer is a small but sought-after and growing suburb just south of Johannesburg. It is conveniently just twenty minutes away from OR Tambo International Airport and only five minutes away from the coveted entertainment facility and casino - Gold Reef City. It is flanked by the M38 to the north and the Southern Bypass to the south giving easy access to surrounds.
What makes Linmeyer properties favourable investment or purchase opportunities?
Linmeyer has its roots in humble beginnings and a very small close knit community.
The slow but steady development over the years has attracted investors and homeowners from all over. This has contributed in earning Linmeyer the status of being a quaint, yet beautiful suburb within a prime location. It presents great potential investment wise and in creating the ideal family friendly environment.
What academic and health related amenities can Linmeyer property owners expect?
Residents have access to necessary amenities within the immediate and close proximity – from schooling to recreation and medical care. Here’s a bit more information on education and healthcare:
Education: Marist Brothers Linmeyer, Saint Martin’s Combined School and The Hill High School are well-respected schools that service the region in terms of quality education as well as extracurricular activities.
Healthcare: For healthcare, residents have access to South Rand hospital, Glenada Clinic and South Day Clinic, which among others can accommodate severe and minor health and related needs.
Author: Barry Davies