Where is Ruimsig?
Ruimsig is located in the northwest of Johannesburg, Gauteng’s capital city. The small but thriving area is a suburb of Roodepoort, which in fact was an independent town on Johannesburg’s West Rand. Many of these towns developed following the discovery of gold in the area and existed independently for a period of time. They were subsequently absorbed into the municipality of Greater Johannesburg owing to urban expansion. Ruimsig property owners have easy access to main transport routes and those amenities in and around Johannesburg Central, being only about 20 kilometres away.
What is the Ruimsig property market composed of?
The market stock composition of Ruimsig as per national data reports is mainly comprised of residential estate properties (the likes of Ruimsig Country Estateand Featherbrooke Estate), making up nearly 60% of the total composition, whilst freehold (full title) and sectional-titleare around 27% and 15%, respectively. The large amount of estate properties is due to the prime location, undeniably beautifully natural landscapes and easy access to the best of educational, health, recreational and business-related amenities. These factors have rendered the area prime territory for exclusive living in sought-after security estates, homes and apartments.
What do various Ruimsig properties sell for?
Introspection of recent national data report trends – including municipal nearest town and national rankings, and general Ruimsig property sales analyses – provide good insight into Ruimsig’s investment and residential potential.
The average valuation of freehold properties in Ruimsig is estimated at around R2, 950 000 and is around par with Rozendal in Western Capeand Featherbrooke Estate locally. Over the past 12 months a total of 6 freehold properties have been sold: 1 of these sold for between R800 000 and R1, 500 000, 2 sold for between R1, 500 000 and R3, 000 000 and 3 sold for greater than R3, 000 000.
The average valuation of sectional title properties in Ruimsig is estimated at about R1, 235 000 and is around par with Stuarts Hill in Western Cape. Over the past 12 months a total of 14 sectional title properties have been sold: 1 of these sold for between R400 000 and R800 00; and 13 sold for between R800 000 and R1, 500 000.
The average valuation of residential estate properties in Ruimsig is estimated at around R2, 220 000. Over the past 12 months a total of 64 estate properties have been sold: 4 of these sold for less than R400 000, 6 sold for between R400 000 and R800 000, 5 sold for between R800 000 and R1, 500 000, 38 sold for between R1, 500 000 and R3, 000 000 and 11 sold for more than R3, 000 000.
The average price of all full-title properties in Ruimsig exhibit a steady rise since 2004, while sectional-title Ruimsig properties appear to be on a gradual incline since 2011.
What are the major attractions in Ruimsig and what makes it unique?
Despite being so close to a thriving metropolis, Ruimsig is home to a variety of bird life and natural landscapes. It is also located just outside the Walter Sisulu National Botanical Gardenwhich draws tourists and outdoor enthusiasts annually. The municipality has done well in creating open green areas with space for flora and fauna to flourish. Furthermore, the many attractions and amenities of Johannesburg are well within reach of Ruimsig property owners and visitors – promising entertainment, excitement, leisure and activities suitable for all members of the family. Other nearby attractions include the intriguing Cradle of Mankind, the magnificent Magaliesberg Mountain Range, and the nationally renowned Roodepoort Country Club to mention a few.
Ruimsig offers the best of Estate living with the Ruimsig Country Estate and Featherbrooke Estate situated in beautify natural landscape of the area. Free-hold and Sectional Title properties are also on offer in this ideally located area, only 20km from Johannesburg this area offers
Despite being so close to a thriving metropolis, the Cradle of Man Kind and the Magaliesberg Mountain Range, Ruimsig is home to a variety of bird life and natural landscapes and the Roodepoort Country Club. It is also located just outside the Walter Sisulu National Botanical Garden.
Author: Barry Davies