Whether you are looking to buy a home before the end of this year or whether property hunting is on your “to do list” for the New Year, take a look at property for sale in Bedfordview – a significant and popular area in Gauteng that you should consider before deciding where to invest.
Bedfordview can be distinguished from other areas based on a number of factors including the ambience of the region, proximity to important amenities and activities, affordability, and important developments or developmental opportunities.
The upmarket suburb of Bedfordview has a location that provides easy access to excellent private schools, a number of entertainment facilities, great restaurants and top shopping malls. This upmarket suburb in Gauteng offers bachelor flats from around R500 000 and up, and spacious residences from around R30 million and up.
David Ingle, Seeff’s Managing Director in the Bedfordview area says those looking to invest in the area can apply to have the area rezoned for their investment purposes, and develop cluster units of up to eight on a site. Individual units can then be sold at the same price as the land was originally purchased for, making it a not to be missed investment opportunity.
“While there has been a stage where sales were slow in Bedfordview, the trend is lifting and there is now renewed interest in the area. Above average rentals are achieved in Bedfordview in relation to the surrounding areas and there is a perception that Bedfordview is the place to live in the East Rand.”
The rental market in the area is currently very robust, which means that there is a great demand by renters for property, and above average rental prices can be achieved.
