Oct
2020
Illiondale is a middle-class suburb located on the East Rand. Most of the suburbs on the East Rand were established as the increased industrial activity in increased within the major industrial hubs in support of the mining industry.
The suburb is in a prime location in relation to the many industrial hubs of the greater Ekurhuleni municipality. The prime location is further enhanced by the major roads offering access to the suburb and amenities. This increases demand for property in the suburb and is in turn a stabilizing factor in property values.
The property use of the suburb is yet another benefit catering for larger families, investors, tenants and first time home buyers with a large price range. Townhouse complexes range from the low R400’s to above the R1.5 mil mark to give an indication of the diverse value of the properties.
The letting market typically yields the standard 1% of registered bond value with the added growth in property value which is comparable to the market as a whole.
Freehold homes are from affordable 2 bedroom units with the prospect of further development and then the more upmarket properties in the range of R1.5 to above the R1.85 mil mark.
The suburb is also close to some of the major commercial hubs which are easily accessable on the major roads.
Property values in the suburb have received a positive injection with the construction of the Greenstone development in attracting more interest to the suburb.
The architecture of the suburb is both modern and conventional which means the market is sated with choice.
Schools and malls are catered for either within the suburb or near to the suburb making the suburb almost exclusively a residential suburb.
Industrial and commercial hubs close to the suburb are;
Sebenza
Isando
Longmeadow Business Park
Schools near to the suburb are;
Edenglen Primary School
Dower Glen High School
Edenvale High School
St Andrew’s School For Girls
Malls close to the suburb are;
Stoneridge Shopping Centre
Greenstone Shopping Centre
Green Valley Shopping Centre
Take a tour of the properties on offer in Illiondale via the Myroof website.
