Craighall residential property looks good
CRAIGHALL – Want to know about great property areas in Gauteng?
Craighall and Craighall Park have been among the best performing local residential property markets in Gauteng, and homes here represent a sound investment.
This is the view of Pam Golding Properties agent John Ansell, who is a Craighall property specialist. According to him, the residential property market in the area has proved resilient within the context of a listless national economy and has shown steady house price growth over the past five years.
“There are numerous reasons for the popularity of residential property in Craighall and Craighall Park, or ‘The Craigs’, as they are popularly collectively known, including the fact that they are attractive, well managed by the Craighall and Craighall Park Residents Association, and offer an incomparable family-friendly lifestyle close to Sandton and every possible convenience,” said Ansell.
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“In addition, there is a wonderful sense of community in the area and homes here tend to offer investors good value.”
According to residential property research company, Lightstone the cost of the average freehold home in Craighall, which comprises the majority of properties in the suburb, increased from R2.4 million to R4.5 million between 2012 and last year. In Craighall Park, the median freehold house price has grown by 48.1 per cent since 2011, although there was a slight fall last year from R4.1 million in 2015 to R4 million last year.
“The Craigs are well established leafy suburbs where residents are able to run, ride bicycles and walk their dogs. The highly active residents’ association has paid much attention to the security of the area with security cameras on most street corners and patrols, assisting in ensuring the safety of residents,” said Ansell.
Craighall is, in addition, very centrally situated close to the major arterial roads of Jan Smuts Avenue and William Nicol Drive and is just a stone’s throw from Sandton and Rosebank which both have Gautrain stations.
About 45 per cent of Craighall Park residents have owned their properties for 11 years or more, according to Lightstone. This indicates a high level of stability of property ownership in the region.
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