Melrose Arch was redeveloped around 2007 and phase one completed in 2009 which comprised commercial property, hotels and an allocation for residential homes from the total 170 000 m2. This has had a great influence on property in Melrose in general which has spilt over to Melrose Estate.
Melrose, Park Town, Dunkeld and Rosebank have been the focal point for the well-heeled for as long as the greater Sandton was established. The region is known as the richest square mile in South Africa should be some indication of property values, exclusivity and a very stable property market which yields strong returns annually.
Melrose Estate is surrounded by these very popular suburbs and because of the central location of Melrose Estate it was a wise decision by investors to give the estate a facelift which added more value to freehold homes, apartments and cluster homes.
The suburb and estate is a mixed culture of young families and older well-established families.
The attraction to the estate and suburbs is also driven by its central location as you could almost walk to the office, access to major roads like Oxford Road, the M1 north and south and 11th Avenue east and west, access to the Gautrain Terminal in Rosebank, schools and malls which for part of the estates needed infrastructure.
The architecture in the estate is modern to ultramodern and use of the stands has been optimized which further adds to the exclusive status of the estate.
Apartment buildings offer all the amenities in-house like gyms and pools with the added aesthetically appealing gardens which offer tranquillity in the hub of a bustling city.
Shopaholics are very spoilt with the number of exclusive malls close to the estate like Melrose Arch, Rosebank Square, Sandton City Mall and Sandton Square on the doorstep.
Here is a list of some of the reputable schools close to Melrose Estate, Kingsmead College, St Vincent School, Bellavista School and Rosebank Mercy Convent.
Take a tour of the homes in Melrose Estate via the Myroof web-site.