Jan
2022
Eike Park is a suburb of Randfontein on the West Rand. The suburb has a middle-upper-class status that attracts a broad income demographic consisting of first-time buyers, start-up families, medium-sized families and pensioners.
The property usage in the suburb consists of sectional-title townhouses, sectional-title apartment building complexes and freehold homes. With this variety buyers looking to take up residency in the suburb will find the home to suit their lifestyle needs and budget.
The West Rand has become an appealing buy-to-let investors market with sectional-title properties being favoured and generally these investors prefer to have the letting agents manage the property and monthly transactions, this would include Eike Park as there are numerous sectional-title townhouse complexes and sectional-title apartment building complexes in the suburb that are highly sought after with tenants.
The townhouses are the core of the market in the suburb and many instances, their values are higher than freehold homes especially the modern architectural styles. Large homes can achieve sales values of roughly R 2 mil and townhouses very closely priced. That would imply large family homes are affordable, not incorrectly priced.
The suburb has convenient access to all the industrial and commercial precincts in the town and Chamdor, Boltonia, Factoria and Krugersdorp. It is not unusual for residents to travel to Sandton, Rivonia, Bryanston and Hyde Park to access the commercial nodes.
Schools close to the suburb are Wescol College, Randfontein Primary School, Randfontein High School, Riebeeckrand High School and Helpmekaar School.
New residents in the suburb can treat themselves to some sightseeing and visit The Cradle Of Humankind at the Sterkfontein Caves or the Krugersdorp Botanical Gardens or explore the beauty of nature at Muldresdrift or take a tour of the well-known blanket manufacturer Aranda at Club Aranda. For retail needs, numerous malls offer commercial entertainment namely Tambotie Mall, Randfontein Shopping Mall, Village Square Shopping Mall and Randridge Shopping Centre.
