Oct
2014
Inner city re-development is value for money and offers very good returns on both residential and buy-to-let investment.
Inner city living is itself, frugal and vibrant and it bustles with life. Braamfontein has a life of its own. There is no beach or bathing spots in Braamfontein, it's just property and value.
Newtown is in a re-development phase and the revival is going to pay off. Student numbers will keep rising while universities can't cater for all the students’ accommodation. The 80's lifestyle is returning to Braamfontein and the other re-development areas in and around Johannesburg.
This can only lead to one thing. Property values are going to sky-rocket in the inner city re-developed areas.
If you look at all the universities in Johannesburg then it is a simple conclusion to make. Wits University, Johannesburg University, Lyceum College, Damelin, Boston City Campus and John Orr Technical High School is only a few to mention. This can mean income and investment to the investor.
JHI and its investors are wanting in on the action in Braamfontein's re-development. JHI's David Reid, investment broker, says, “We have a number of investors who perceive the potential of this area and are looking at acquiring property with the view of refurbishment and upgrading”.
Quoting Reid as follows, “There are further opportunities presented by old civil service type buildings and railway buildings for the conversion into residential-specific student accommodation. Over the past 10 years investors have been able to acquire old offices at approximately R400/ m2 for conversion to student accommodation, which is currently rented out at around R2500 for a self-catering unit”.
Looking at the property value of general residential homes in Braamfontein you will see that the demand has already gotten hold of the upsurge in pricing.
MyRoof consultants will assist you in doing a search for properties in Braamfontein. We have many on offer.
