The central northern region of Johannesburg in general commands a high degree of attention from potential buyers, tenants and investors and this is due to the prime location of the various suburbs like Melrose, Park Town, Hyde Park, Rosebank and Parkwood.
Due to the fact that “randlords” that chose to populate this region has had the effect of elevated property values to begin with and the trend as the region being exclusive has not lost its momentum.
Parkwood is surrounded by its equally exclusive neighbors meaning the same market factors drive demand and values.
As the name may suggest the suburbs sidewalks are lines with trees and the inviting atmosphere of the suburb is drawn into the living spaces with sprawling lawns and landscaped gardens and modern architecture mixed with classic and conventional architecture. The suburb could be classed as trendy due to the various nightlife and entertainment venues.
The prime location of the suburb is evident by the proximity of commercial hubs like Rivonia, Melrose and Houghton.
Other various amenities add to the appeal of the suburb as a residential address like its proximity to the University of Johannesburg and Wits University, proximity to reputable and well-established schools and malls.
Major or rather less congested roads like Oxford Road, Jan Smuts Avenue and 11th Avenue are convenient connecting roads to commercial hubs.
Properties situated on major roads like Jan Smuts Avenue and Oxford Road could be converted to commercial property due to the greater volumes of traffic during working hours and could serve as a long term investment prospect for established businesses.
The list of choices for reputable schools is endless; here is a short list of some of the schools you could consider, Greenside High School, Saxonwold Primary School, King David High School and Highlands North Boy’s High School.
The list of malls to cater for retail needs is extensive. Here is just some of the nearby malls, Melrose Arch, Rosebank Mall, The Zone @ Rosebank and Norwood Mall.
Take a tour of the homes in Parkwood via the Myroof web-site.