What are the chief pricing and sales trends of Northwold property?
Buyers seeking Northwold properties for sale have at their disposal a wide selection of options as evidenced by the diverse stock and the active property market. There are reportedly over 2660 properties in the area and the total composition is dominated by 63.05% sectional title properties, followed by 25.42% residential estate and 11.53% freehold homes.
Growth and activity trends indicate that property values within this category have risen steadily over the past ten years, increasing in value by over 60% in fact – with a current average resembling the above-mentioned overall average price. The wide selection of affordable homes in this area, with its still increasing value, makes it an obvious location of choice for buyers with different profiles, and unique purchasing requirements.
Where is Northwold situated, and what makes its location advantageous?
The sought after suburb of Northwold is beautifully located in the upmarket district of Randburg, surrounded by similarly profiled suburbs such as Boskruin, Sharonlea, Sonneglans, Bromhof and Kelly Ridge. You will find Northumberland Ave to the left, the N1 Western Bypass to the right and Malibongwe Drive to the north as well as the famous Coca-Cola Dome in a north westerly direction.
The sought-after area also gives residents access to a hive of entertainment and shopping activity in the general locality, plus is known for its affluent class of resident. Northwold is ready to provide an exclusive lifestyle with a great selection of homes and apartments suited to the varying needs of the property market.
What are some of the amenities that Northwold property owners can look forward to?
Schooling and Healthcare
Northwold offers a variety of reputable schools nearby that cater to children of all ages and provide a high standard of education. Sharonlea Primary, Rand Park Secondary, Summerfield Pre Primary and Bush Hill Pre Primary School – to name a few – are all easily accessible to residents of the suburb.
There are two main medical facilities available close by. They include the Crescent Private Clinic and the larger Randburg Medicross Centre just a short drive away as you proceed further out of the suburb.
Entertainment and Shopping
The suburb contains a Northwold Spar as well as a Woolworths for residents’ convenience. The Bromhof Village Shopping Centre, Banbury Cross Village Shopping Centre, Northwood Junction Shopping Centre, Northview Shopping Centre and the Bel Air Shopping Centre are also in close proximity to property owners.
What investment and lifestyle value can Northwold property owners enjoy?
Northwold is a suburb that is favourably situated within Randburg and is neighboured by three other prestigious districts - Sandton, Bryanston and Roodepoort. Even a brief look at average Northwold property prices above clearly suggests excellent value for money coupled with healthy returns for the future. In addition the lifestyle that residents can enjoy is nothing less than enviable with access to world class amenities, catering to all members of the family.
Our locally based property specialists will be able to offer you insight whether you are buying or selling a home in Northwold. Contact our office in Randpark Ridge in Randburg today for the latest listings on the market - our friendly and efficient agents look forward to hearing from you.
Author: Barry Davies