The suburb of Parkhurst is situated in the northern region of Johannesburg within the Randburg municipality, and has by association attained the same level of exclusive status as its neighboring suburbs of Hyde Park, Dunkeld and Melrose.
Property values are driven by the same factors determining prices in its neighboring suburbs which mostly stem form demand and architecture but above all it is the status the suburb enjoys which is the primary determinative factor.
The suburb may appear to be situated in a noisy part of Johannesburg but in truth the suburb is tranquil and serene which makes it a pleasure for families who prefer to entertain from home in the splendid Highveld summer weather.
The diverse architecture of the suburb is made up of modern, classic and some conventional designs and homes are constructed mostly on stands measuring roughly 600m2 which is ideal for intimate manicured designer gardens which easily maintained.
The suburb in general lends to a sense of family and community with tree lines streets, well-maintained street views and cleanliness.
The rental market in the suburb is a highly attractive investment prospect as the demand for rental property in the suburb is high and at current market trends the income derived from rent is generally equal to 1% of the mortgage value.
The property usage in the suburb is primarily residential but there are a few commercial properties adding to the diversity and then there are a few townhouse complexes which are also within the exclusive bracket within the market.
Amenities like malls and reputable schools are within easy access which is a further beneficial attribute to demand for property in the suburb.
Here is a short list of reputable schools in and around the suburb such as Hoerskool Linden, King David High School, Greenside High School and St David’s College.
For a suburb with an exclusive status there are all the right malls to add value such as The Zone @ Rosebank, Melrose Arch and Sandton City.
Take a tour of the homes in Parkhurst via the Myroof web-site.