Bedfordview; a suburb of unparalleled opulence

Bedfordview; a suburb of unparalleled opulence

Category Property News

Bedfordview is ultimately a location that attracts a wide range of demographics, from those seeking retirement options and professionals looking to upgrade, to first-time buyers who want to enter the luxury property market. This widespread appeal speaks of its dynamic and diverse residential market that caters to a wide range of preferences, age groups, and backgrounds.

Although demographic diversity exists, a common thread runs through Bedfordview’s residential market, namely, home buyers relocate here for properties that are opulent and set amid an environment that exudes modernity and fine-living, with world-class infrastructure and amenities.

It is this requirement that is driving the property market and increasing property values as more homebuyers flock into the suburb. 

Sectional-titles market most popular 

This is most apparent in the sectional title market which is showing year-on-year growth of 7 percent. First-time buyers are particularly interested in complexes and duplexes as it offers greater affordability and lower maintenance when compared to freestanding homes. This is coupled with advanced security features that ensure ultimate safety and peace of mind. In addition, the recently introduced transfer duty breaks have also played a big role in the number of first-time buyers entering the Bedfordview market. 

Freestanding homes attract the luxury market   

On the other end of the spectrum, the freestanding housing market is being driven by the higher-income group, including professionals and retirees. Although property value growth in this market has been fairly linear, the appeal of these homes is found in its sheer luxury, outstanding architectural designs, and liberating spaciousness.

One of the finest homes on the market from Lew Geffen Sotheby’s International Realty and a sole mandate listing is the epitome of Bedfordview’s exclusive properties. Seated on “Millionaires Row”, this five double bedroom home is nothing short of luxurious. It comprises of a regal marble staircase, a large cinema room, fitted bar and games room, a large lounge and dining area, and a patio complete with a private Jacuzzi. The grandiose home has sweeping views of the Magaliesburg Mountains and for keen investors, it can be converted into a guest house or boutique hotel.

Investment opportunity

A common feature in the South African property market is the incredible buy-to-let opportunities that exist for investors, and Bedfordview is no different. Rentals are currently attracting foreigners and local students, with investors having zoned-in on this potential. These demographics are increasingly attracted to sectional title flats as these represent most affordable options.

Lew Geffen Sotheby’s International Realty has exclusive apartments from Bedfordview that are not only upmarket but significantly affordable, ranging from R590 000 to R1.1 million. Currently on the market is an apartment ideally suited to students and investors looking to capitalise on the buy-to-let market. Promoting tranquillity, privacy, and 24-hour security, the unit is situated in Bradford Estate and comprises of 2-bedrooms, a well-maintained garden, semi-open plan kitchen and an open-plan lounge and dining room.

Bedfordview’s residential market is vibrant, and its innate appeal among a range of demographics is expected to see the market diversify as it grows to meet demands. With the middle-income market driving sectional titles and the higher-income market driving freestanding homes, property values will continue to increase, making it an ideal location for homebuyers and investors alike.

Author: Lew Geffen Sotheby’s International Realty