Meredale is a residential suburb located south of Johannesburg. The suburb is sought-after for its location and proximity to major roads and amenities like industrial and commercial hubs and tourist attractions of Johannesburg.
The suburb is well-established and this is evident in the mixed architecture which comprises older conventional designs with more modern architecture.
The mixed property use of the suburb which comprises apartments, sectional-title townhouse complexes and freehold homes is the ideal suburb for first-time home buyers in the region with reasonably affordable property values.
The market segment catered for is mostly the middle income groups. This is worth considering for buy-to-let investors as the demand for rental property in the suburb is high and the added benefit of stable growth in property values make the prospect more lucrative in the long term.
Another indication of the suburbs’ stable market is the fact that there are extensions which command just as high a degree of demand.
The other benefit of the location of the suburb is the proximity to industrial hubs which is a major source of sustainability to the suburb and region as a whole.
The property market is driven by the same factors that govern suburbs across Gauteng which is more a case of preference and location or proximity to important amenities. The fact that property values have increased equal to those in other suburbs at an average of roughly 6% year on year should completely obliterate this myth.
The industrial hubs which serve the suburb of Meredale are;
Schools in and near to the suburb are;
Mondeor High School
Mondeor Primary School
Sir John Adams High School
Retail needs are taken care of at Southgate Mall which serves a large community including Soweto.
Myroof has a web page brimming with properties across South Africa. Take an armchair tour of the properties in Meredale via the Myroof website to find your new dream home.