With many CCTV cameras watching over the area and its good schools and shopping malls, Sharonlea is tops on security, and homes in the suburb are priced for almost every buyer’s pocket
Sharonlea is reputed to be one of the safest suburbs in Joburg, a reputation that has increased the demand for well-priced properties in the neighbourhood, says Vic Marini of Vic Marini Real Estate.
This has contributed to a good return on investment in properties in Sharonlea compared to neighbouring suburbs, says Marini. He says the suburb was voted the safest in Joburg in 2017. Should you plan to buy here, it’s a matter of which price bracket you are looking at, says Marini.
“For the older properties that have had no improvements and upgrading, the market is buoyant. The pricing of these properties is at the lower end and the turnover period of sale varies from three to eight weeks.”
These homes are generally priced between R1.35million and R1.5m, says Marini. Similar properties that have been upgraded are priced R1.5m to 1.75m, and modernised larger properties sell for R1.75m to R1.99m.
“For these higher-priced properties, if one were to buy similar properties in other upmarket suburbs, the price would increase substantially,” he says. This shows Sharonlea has the rare distinction of being both safe and relatively affordable.
The highest price achieved on these huge homes is between R2.5m and 2.7m while properties sold to developers have reached the R3.5m mark, says Marini. The mark-up price also usually determines a property’s average sale period, with lower-priced homes tending to sell quicker, says Marini.
Over the past six months, there have been 26 full title properties, 10 sectional title and seven complex sales in Sharonlea, according to statistics from the SA Property Transfer Guide.
Aside from the stated good return on investment and top safety levels for which Sharonlea is associated, it is also conveniently situated for easier commuting to main centres.
“The residents most likely to live in the suburb are middle to upper-income buyers. This is dictated by the catchment area and proximity of Sharonlea to the central business district of Randburg, Fourways and Sandton. This is where the majority of residents work,” says Marini, who emphasises the suburb’s location within close proximity of major routes as a leading factor for commuting residents who move here.
He says pre-schools, schools, medical facilities, shopping centres and other essential amenities are also easily accessible, underscoring the overall convenience aspect.
Noteworthy is the fact some families move here specifically to be close to good schools. Sharonlea Primary, which is exceedingly popular, is one of the top schools.
“For any family wanting to enjoy peace of mind and good quality of life, Sharonlea is the answer,” says Marini. He says homes in the suburb of Robindale are comparatively pricier.
Emmanuel Mdhluli’s favourite places and things to do
1 Throbbing Strawberry
I like visiting this Douglasdale restaurant whenever I can. The ambience is great and the food is tasty. 1, Douglasdale Village Shopping Centre, Douglasdale. 0117046982
2 Bel Air Shopping Centre
Modern retail destination with great tenant mix. 2162 Bellairs Drive, North Riding, Randburg
3 Doppio Zero
It’s got a nice vibe and it’s quite relaxed. It’s great to go to for a Sunday lunch. Bel Air Shopping Centre, 2162 Bellairs Drive, North Riding, Randburg. 0117042468
4 Koi Restaurant
They’ve got the nicest fare and seafood, and quite a huge range. One of my favourites that I can freely recommend is their shrimp. The Firs, corner Cradock and Biermann avenues, Rosebank. 0118837247
This gym is within a short distance of home. It takes me two minutes to drive there. I also like that it is open 24/7. This flexibility means I can go and gym at 10 pm if I choose.
6 Café del Sol
Vibrant Italian restaurant. Olivedale Corner Shopping Centre, President Fouché Drive and Olive Road, Olivedale. 0117046493