One of Joburg's most popular residential suburbs is also a drawcard for city slickers heading to a street filled with top restaurants, popular pubs and quirky shopping choices
Trendy Parkhurst offers a rare amalgam: a relaxed lifestyle in a neighbourhood that throbs to a vibrant cafe culture.
When you add projections that envisage property values to hold steady for the foreseeable future, it becomes clear why Parkhurst’s popularity is enduring, and why you cannot go wrong by investing here.
“With its popular 4th Avenue café culture, energy and vibe, Parkhurst will always be a suburb that will draw people to its lifestyle. It is known as one of Joburg’s most popular residential suburbs,” says Lynda de Wet of property company Property.CoZa.
She says residents stroll freely through the area in the evenings. “Apart from street-side cafe dining, Parkhurst offers a lifestyle where families walk their dogs, community events take place in the lively 4th Avenue and there’s a glamorous mix of couture, interior design, dining and entertainment on your doorstep,” says De Wet.
She says establishments such as The Wolfpack and upmarket trattoria Cafe Del Sol TRE as exceptionally popular.
Parkhurst has a dynamic not easily matched in Joburg, and that’s refreshing from an investment point of view as it offers buyers the alternative to being locked behind high walls, says De Wet.
“Due to the consistent demand for the buzz of Parkhurst from young and old, values will remain steady in the near future.”
A total of 140 sales have been recorded in Parkhurst over the past year. The majority (66) were homes marked north of R3 million. A single sectional title sold for R2.05m and an estate freehold home that went for R2m were the only exceptions in an otherwise all full title property sales list that included 15 land sales ranging in price from R800 000 to R3m, says De Wet. She says a total of 126 properties within a huge price bracket were on sale in Parkhurst as of last week, ranging from R2.1m to R6.8m
Kathy Cohen, De Wet’s partner in Parkhurst at Property.CoZa, says demand comes from across the entire property-buying demographic spectrum.
“Young professionals are attracted to the area because of the proximity to work, the Gautrain, good schools and the coffee shops and cafes that fill the pavements,” says Cohen.
She says the community atmosphere is a strong attraction for older folk.
“Older residents who have scaled down enjoy the timeless feeling of a good quality of life with amenities close by,” says Cohen.
While some buyers sought an address within walking distance of the restaurant scene, others bought to start an Airbnb, says Cohen.
Parkhurst was established in 1904 and by the 1970s had its first antique shop, which was the precursor to its being known as “Antique Alley”. The bustling cafe lifestyle with which we now mostly associate it followed a few years later.
Parkhurst is rated slightly more expensive than Greenside but well below Greenside East.
Irene Roy’s favourite places and things to do
1 Espresso Café & Bistro
It’s got a very nice vibe and the service is good. They always produce the same high level standard of food and service. 4th Avenue and 10th Street, Parkhurst. 011 447 8700
2 Bottega Café
Mediterranean eatery in casual setting. 22B 4th Avenue, Parkhurst. 011 444448
3 Nice on 4th
They serve very good breakfasts and the choice is interesting. You also get value for money as they’re not over-priced. 37 4th Avenue, Parkhurst. 011 788 6286
4 Vovo Telo
I like the fact they can be a bit flexible with their menu. Staff are very friendly and make an effort to offer good service at all times. 087 808 6063
5 Village Green Shopping Centre
There’s lots you can do there as the centre offers many services, including a Woolworths and a post office. The centre was recently revamped. 127 Greenway Road, Greenside.
Late night restaurant with great cocktails. 33 4th Avenue and 13th Street, Parkhurst, 011 788 7111