Diepsloot in the north of Johannesburg is deemed to be a mixed informal settlement but things are changing. Property developers are delving into their coffers and jockeying for the vacant stands and large tracts of land for sale in the suburb.
The demand for property in the suburb stems from various angles, it is in a prime location, situated on the N14, the proximity of William Nicol Drive and Mnandi Road. The other angle that has piqued investor and developer interest may be attributed to prestigious estates like Dainfern, Steyn City and Copperleaf Golf and Country Estate drawing attention to potential parties to the suburb.
There are currently a few lifestyle and prestigious estates under construction in the suburb which will no doubt put to rest any misgivings developers may have.
The vacant tracts of land are selling for well-priced market-related values which almost guarantees a successful investment after development is completed.
The suburb is surrounded by schools namely Diepsloot Combined School, Diepsloot West Secondary School, Sunrise Secondary School and for the well-heeled, there is Dainfern College.
Being on Mnandi Road gives the suburb access to constant commuter transport to all the major industrial nodes in Lanseria, Midrand, Randjesfontein and Olifantsfontein and malls in Fourways, Kyalami Corner Shopping Centre and Cosmo City. For those employed in the commercial sector, commuter transport connects with all the major commercial nodes in Bryanston, Rivonia, Hyde Park and Kya Sand.
Developers should also not discount vacant land for commercial, light industrial and agricultural use.
High-density or second-tier housing is in demand and creating a niche market with townhouse and apartment complexes will fill this need and it should be a venture that would match the general property values in this segment. A letting market will then be created adding a further opportunity for that segment of the property market.