The Sandton suburb of Lonehill is conveniently situated in an area surrounded by Main Road, Witkoppen Road and William Nicol Drive.
Lonehill is around 4.5 square kilometres and hosts a population of approximately nine thousand.
Lonehill Sectional Title Property
There are some 36 sectional title complexes in Lonehill representing a total of 3 500+ units. Lonehill properties in this sector range in price from R550 000 for a studio apartment to around R3 000 000 for an upmarket 3 bedroom 2 bathroom &double garage type duplex townhouse.
A total of 185 sectional title Lonehill properties were sold for the year ended 31-05-2012. The sales value of these sectional title properties was R145 million.
Of the 36 sectional title complexes in Lonehill, 28 are guarded 24 hours by staff belonging to a select few security companies. The balance of 8 complexes utilise intercom systems.
The age of a sectional title complex in Lonehill varies from 20 to 2 years. The newer complexes in Lonehill have mainly been developed by Summercon, the latest being Tequila Sunrise which was completed in 2010.
Sectional title properties in Lonehill are very attractive to investors as buy to rent ventures. Complexes such as 21 Sunset Avenue have approximately 85% tenant occupancy. The average rental return for an investor on this type of Lonehill property is approximately 0, 7% of the market value of the property.
There are also a number of sectional title complexes in Lonehill that are referred to as “Lifestyle Estates”. These complexes offer, besides the usual pool and clubhouse, tennis courts, restaurants, beauty salons, gyms and wellness centres. Levies are accordingly high.
From a demographic standpoint, the sectional title properties in Lonehill tendto attract people in the early twenties to late forty age groups.
Lonehill affords easy access to Bryanston, Sandton CBD and Randburg where many Lonehill property owners and residents have their places of work.
Lonehill General Area Information
Lonehill is famous for its Lonehill Kopje which stands out as a lone kopje and is a reminder of what Johannesburg used to look like before it was settled – rocky veld with small streams trickling through it, dotted with shrubs, small trees and knee-high grasses.
There is a small dam called Lonehill Loch, about 200 metres north of the Kopje, a popular walking spot for Lonehill residents.
Since the Lonehill Residents Association was formed six years ago, incidents of crime have dropped by 92% which makes Lonehill one of the safest suburbs in South Africa. Security is provided to Lonehill residents 24 hours 7 days a week. The Lonehill Residents Association promises zero tolerance for crime.
Lonehill is well positioned and offers access to many amenities. Shopping centres close to Lonehill include: Lonehill Shopping Centre, Fourways Crossing, Leaping Frog Shopping Centre, Fourways Junction Centre, Fourways Value Mart and Pineslopes Shopping Centre.
The popular and famous Monte Casino is just around the corner from Lonehill which offers a variety of upmarket restaurants, theatre entertainment and many interesting shops.
Schools and colleges in Lonehill include Buttercup Pre-Primary, Crawford College, Crawford Preparatory School, Lonehill Nursery School and Lonehill Village Pre-school.
Lonehill Estate Agents
The Lonehill property market is covered by Chas Everitt’s Bryanston franchise situated at 321 Main Road in the La Rocca Office Park.
Feel free to call on 011 463 2033 and chat to our Lonehill property specialist regarding our selection of Sandton, Bryanston and Lonehill properties for sale.
Alternatively, should you be looking to sell your Lonehill property, let us advise you on current market trends in the area and explain to you Chas Everitt’s unique property marketing Solutions.
Author: Barry Davies