Featured
On Show
Property options for all budgets in Bedfordview
Category Property News
The leafy, upmarket East Rand suburb of Bedfordview in Johannesburg is experiencing a notable surge in demand for residential property as investors are increasingly drawn by its convenient location and wide range of property options, which cater to all needs and budgets.
This four bedroom house in Bedfordview has four reception rooms, underfloor heating, a study, wine cellar, outdoor shower, patio and a manicured garden. It is on the market for R13.5 million - click here to view.
This is according to Tanya Sakota, Lew Geffen Sotheby’s International Realty Bedfordview CEO, who says although the residential market in Bedfordview was slow to recover from the 2008 credit crunch, it has gathered momentum in the past three years, and they are now experiences stock shortages in certain areas.
Sakota says the most popular properties are those in the lower- to mid-level segment of the market, and at the moment, they simply cannot supply enough homes in the R2.5 million to R3.4 million price band.
Although Bedfordview has an upmarket reputation and is regarded as an aspirant neighbourhood, its broad property range offers excellent investment opportunities for a wide investor demographic, from first-time buyers and young families, to captains of industry seeking trophy homes, she says.
Sakota says it’s one of the few suburbs where one can buy a one bedroom apartment for R700 000, as well as a five bedroom home for up to R30 million, and every property type and price band in between.
“Although area-wise, Bedfordview still consists largely of freehold full title properties, when one considers the number of sectional title units per complex, the development of apartment block complexes over the past decade has considerably raised the number of sectional title properties in the area, and they now outnumber freehold properties.”
This home in Bedfordview offers three bedrooms, a TV room, alarm system, covered patio and manicured garden. It is on the market for R3 million - click here to view.
She says the most sought-after area is Upper Bedfordview. Not only is it situated furthest away from the hustle and bustle of the shopping centres and restaurants, with many of the properties boasting spectacular views, it is also not far from the busy access points to the three major highways which make Bedfordview so conveniently located.
“The entry-level price in this area normally begins at no less than R3.2 million, and for this price, a buyer can expect either a freestanding family home, which requires considerable renovation or an old house on a sizeable erf which will be demolished to make way for a modern home, or even two, when erf size allows.”
She says there are also a few smaller cluster homes in a similar price range that would most likely also need upgrading or modernisation.
“The upper segment of the market has also recovered well, with the most recent sale of a top-end property being a six bedroom, triple storey home on a 2 500sqm erf with a cinema lounge, garage for 15 cars and a fully equipped gym, which sold for R29 million earlier this year,” says Sakota.
Lew Geffen, chairman of Lew Geffen Sotheby’s International Realty, attributes Bedfordview’sincreasing popularity to several key factors.
This apartment in Bedford Park, Bedfordview, is on sale for R800 000 - click here to view.
Geffen says not only is Bedfordview only 10 minutes from OR Tambo Airport, which makes it ideal for people who travel regularly, it is also in close proximity to the N3 and N12 freeways, as well as the Gillooly’s interchange, which offers residents an easy commute to most areas in Johannesburg, including the CBD and SandtonCity.
“Buyers are also being drawn to Bedfordview in the wake of substantial investment in the suburb’s commercial nodes and surrounding industrial areas, and many prominent companies have relocated to the area,” he says.
“The convenience of living close to work has stimulated all market sectors, including the rental market, as both business owners and employees seek the convenience of shorter commutes.”
Geffen says the burgeoning demand, as well as the variety of property options available, has resulted in a cosmopolitan demographic, and Bedfordview is home to a variety of cultures and classes, from top-earning professionals and young families starting out, to recent Muslim investors and established Italian and Greek communities.
This property in Bedfordview has five bedrooms, underfloor heating, a study, cinema room, fitted bar, games room, Jacuzzi, gym, covered patio and tennis court. It is priced at R30 million - click here to view.
Bedfordview also offers residents the convenience of close proximity to a choice of first-rate shopping malls and entertainment centres, as well as open family-friendly spaces like the Vodacom Driving Range and Gillooly’s Farm, which is a peaceful haven in the midst of suburbia.
Greater Bedfordview boasts several of the top private schools in the country, including Reddam, Saheti School, St Andrews and St Benedicts, which are all renowned for their excellent pass rates.
Sakota says forty years ago, Bedfordview was still a sprawling farmland, but the growing demand for residential property over the next three decades saw the gradual subdivision of this land, and the subsequent development of a suburb which became known for its large erven, quiet, tree-lined streets and spacious homes.
“Until as recently as 12 years ago, there were still a few agricultural properties in the area, with cattle roaming the fields, but as the demand for residential property has grown, all of these enduring farms have also been subdivided and sold off,” she says.
“There are now few sizeable vacant stands left, as the remaining land in the area is now slowly being developed into cluster homes.”
Author: Lew Geffen Sotheby's International Realty
