Bryanston, one of northern Johannesburg’s more established and best-known northern suburbs, remains one of the most sought after residential areas in Gauteng.
This is according to Rupert Finnemore, regional head of Pam Golding Properties Gauteng. Finnemore says, “Bryanston remains an aspirational area and many individuals and families dream of owning a home in the area. As a consequence of this, property values within the area continue to hold their values well and represent a solid investment”.
“There are a number of reasons why properties in Bryanston are so popular including the fact that it is superbly managed, there is a wonderful sense of community that prevails in the area and the suburb continues to be seen as an address of choice,” he adds.
“Although it is considered to be an upmarket suburb, Bryanston does nevertheless offer a wide range of property options. Freehold, cluster homes and more affordable sectional title are available. Including for the first time buyer”.
“It’s a mature and sophisticated market with homes offered from between R1.5 million for a sectional title home through to R40 million or more. A four-bed cluster cluster or freestanding home may fetch between R4 million and R10 million or more, depending on location, amenities, quality of fittings and so on.”
Finnemore points out that Bryanston is centrally situated between Fourways and Sandton and is an easy commute to work for many executives working in the surrounding areas. Some of the suburb’s residents work at the many nearby office parks and businesses that are increasingly being developed down William Nicol Drive and Main Road.
“There has been astonishing development of the area in recent years including residential, commercial and retail spaces. This indicates the high levels of confidence that developers of all kinds have in the region. This also means that every amenity, including offices, quality retail and entertainment outlets, schools and hospitals, is close to hand to the residents of the suburb”.
Craig McIntyre, who heads up Pam Golding Properties Hyde Park office, points out that the residents of the area are from a variety of backgrounds, but most tend to be professionals working in the banking, finance or legal sectors, or are entrepreneurs. Most have families and seek secure four-to five-bed freestanding homes on large one-acre properties that are available in Bryanston.
“As the entire Johannesburg region densifies, secure family-sized residential properties are becoming more rare. They are still widely available in Bryanston, however, and those who want their children to grow up a traditional leafy South African suburban lifestyle, continue to look to a suburb such as Bryanston”.
“Sectional title and cluster developments, on the other hand, are also increasingly becoming a feature of the area, residents appreciating the facilities, security and sense of community that are on offer. Sectional title properties tend to fall between to R1 million to 3 million price range”.
“Well-situated sectional title homes, including simplexes and low-level apartment complexes, afford first time Bryanston home seekers the opportunity to purchase in this highly sought after area, and are much prized”.
“It is interesting to note that a new four-storey apartment building, the largest such block yet seen in the suburb, is to be developed between Main Road and William Nicol Drive. This indicates something of the high level of demand that exists for quality sectional title accommodation in the area,” adds McIntyre.
Fine shopping is to be had at more than half a dozen centres nearby such as Grosvenor Crossing, Post House, Hobart Road, Bryanston Wedge, Sloane Square and The Nicol. The many excellent restaurants and boutiques in Bryanston are invariably a hive of activity.
The family-friendly Bryanston Country Club offers an 18-hole golf course, bowling greens, squash and tennis courts as well as a swimming pool and lapa, and has become an immensely popular community centre. According to McIntyre, Pam Golding Properties has a close relationship with the Bryanston Country Club and regularly supports events and activities there.
“The rental market of the area also remains strong and a number of homes, particularly sectional title properties which tend to offer sound returns, are purchased as buy-to-let investments. Upmarket properties are often rented out to international corporates, which demand outstanding security and facilities for their employees”.
“Despite the rapid development of the area Bryanston has retained its reputation as a leafy family suburb and its properties remain in demand among those seeking both value and a good address. The local property market remains strong and, given the considerable confidence that is being shown in the area by investors, this is not likely to change anytime soon,” concludes McIntyre.