Evergreen in Hyde Park is one of Sandton’s most desirable addresses

Of all of Johannesburg’s suburbs, Hyde Park and Sandhurst, both of which are situated on the doorstep of Sandton, are considered among the most desirable addresses available within the Gauteng region.

According to Rupert Finnemore, who heads up Pam Golding Properties Gauteng region, these two suburbs are highly prestigious and have long been regarded as the home of Johannesburg’s elite. “Many of the city’s people aspire to live in Hyde Park and Sandhurst, and the immense status of owning a property in the area, as well as its geographically desirable location, have ensured the ongoing popularity of homes there,” said Finnemore.

“Interestingly, New World Wealth recently published The South Africa 2017 Wealth Report and respectively places Sandhurst and Hyde Park as the first and second most popular Johannesburg suburbs, after Houghton, for multimillionaires in 2016. And certainly, some of these exclusive mansions in these suburbs, with their extensive and immaculate gardens, can fetch as much as R80 million.”

In recent years, however, some of the properties in the area have been subdivided and have been developed into sectional title complexes or estates. Finnemore noted that more than half the properties in the two suburbs, both of which are more than 50 years old, are now sectional title developments.

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Louis Green, a Pam Golding Properties agent and area expert added, “Most residents of the area are affluent business people and executives. They appreciate the fact that the suburb is so central, being just a few minutes from the Sandton City centre, South Africa’s financial capital and a shopping and entertainment mecca, the close proximity to exclusive schools, as well as to the exclusive Hyde Park Shopping Centre, which is a favoured destination of Johannesburg’s more discerning shoppers.”

Hyde Park and Sandhurst are situated within easy reach of a number of arterial roads, a Gautrain station and some of the most highly regarded schools in the country, including St Stithians Boy’s College, Brescia House Ursuline Convent and Sandton Crawford College, to name a few.

“Considering the rapid and ongoing development of Sandton, and the ongoing desirability of suburbs such as Hyde Park and Sandhurst, we expect properties in the area to hold their values well. With its convenience, exclusivity and wide range of property options, the area has much to offer. We, therefore, expect Hyde Park and Sandhurst to remain among Johannesburg’s most sought-after suburbs well into the future,” concluded Finnemore.