The prestigious Winchester Hills lies in the south of Johannesburg and is located close to the suburbs of Mondeor and Crown Gardens. It is a suburb made up of remarkable homes and a vibrant community. At only five minutes away from the Jhb city centre, it is conveniently located so you can enter the hub of Johannesburg without delay. Winchester Hills is surrounded by adventure and excitement since the area is close to a wealth of theatres, museums and stadiums, including the famous Soccer City. Main roads and highways, such as the M7, M38 and M68 among others, are within close proximity to residents for easy private and work commuting.
Residents can enjoy being in close proximity to the tranquil Zoo Lake, which is a large urban park and is a favourite spot for many locals. The venue's main attraction is its annual Jazz on the Lake and Carols by Candlelight events. Every month Zoo Lake also hosts Artists under the Sun open-air art exhibition, to which residents can easily drive and experience the local talent and beauty of the area. Visitors can picnic or take a leisurely boat ride along the Coronation Fountain to make the time even more memorable.
This list is by no means exhaustive and locals can look forward to enjoying quality amenities Gold Reef City Theme Park and Casino, Winchester Hills Gym, Soccer Clubs that conveniently cater for the entire family.
Shopping and Entertainment: Residents can enjoy many high-end shopping centres including, Glenada Shopping Centre, Mondeor Village Shopping Centre, Southgate Shopping Centre, Winchester Green Shopping Centre and Ridgeway Shopping Centre. Apart from retail therapy, residents of Winchester Hills can indulge in fantastic entertainment at The Lyric Theatre and The Globe Theatre, both of which are just five minutes away, Schools and Hospitals: There are several quality schools found in Winchester Hills, two of which include Forest Hill Primary School, Dalmondeor Primary School, Mondeor High School and Sir John Adamson High School. For medical care the area boasts the expert Glenanda Clinic and South Day Clinic, with various private hospitals around Johannesburg CBD and within nearby suburbs.
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The Winchester Hills property market is split into two distinct sections, namely full tile or freehold and sectional title properties. There are 1863 sectional title units making up a dominant two-thirds of the entire composition or 69.83% to be precise. Full title properties on the other hand number at 771 and make up the balance of the 30.17% total composition.
Some 132 successful sectional title property transfers went through in this segment over the recent year, at an overall average price of R 654 000 with a low of R 305 000 and a high of R1 800 000. This range makes for a good spread that’s competitively priced in an active market with a prime location and secure residential community. Affordable prices mean low bond repayments as well as higher ROIs for investors.
These properties for sale in Winchester Hills have increased gradually but steadily in value looking at the last ten years. The excellent supply and market demand have kept prices low however, which is fantastic news for first-time homeowners, those looking to retire or downscale into more convenient living as well as long term property speculators seeking consistent rental revenue or income from accommodation such as B&B. The current average price as per growth and activity trends is slightly lower at R 586 000, while the prevailing municipal value is closer to R712 000. Prices here are thus on par with the likes of Aston Bay in Jeffreys Bay and Fordsburg more locally.
Some 30+ freehold property sales were closed during the recent twelve months with an overall average price of R1 400 000, ranging from a minimum of about R1 185 000 to a maximum of R 1, 900 000.
The average as per growth and activity movements is currently touching R1, 650 000 with healthy growth over the past ten years being shown, from an initial R642 000. The prevailing municipal average value is closer to R1 490 000, which is also more than the likes of Mondeor locally while nationally on par with pricing in areas such as Stand North in the Western Cape.
Author: Barry Davies