There is demand for properties of all types in an area with magnificent family homes, a convenient location, top schools nearby and streets shaded by majestic trees
The exclusive residential suburb of Melrose is conveniently situated midway between the country’s financial capital of Sandton and rapidly growing Rosebank.
While it lies within the heart of the city, magnificent family homes with established gardens can still be found in the attractive, tree-lined suburb, says Richard Smith, manager of Pam Golding Properties Hyde Park office. “Melrose is one of Joburg’s most coveted residential addresses,” he says.
The area has a rich history, dating back to 1893 when businessman Henry Brown Marshall bought much of the land within the Melrose area to establish a farm called Melrose Estate. Glenhove Road, which passes through Melrose, was named after the estate in Scotland where Marshall was born.
“Melrose is a relatively small upmarket suburb consisting of close to 360 residential properties. Most homes in the area, around 200, are large traditional freehold properties, although sectional title developments have become a feature in recent years.
“The neighbouring suburbs of Melrose North and Birdhaven contain more sectional title developments,” says Smith.
“The suburb remains idyllic and free from the hustle of the city yet is just minutes away from Sandton and Rosebank, and the mixed-use Melrose Arch development. The suburb has consequently remained popular and residential properties of all kinds are in demand.”
Pam Golding Properties Gold Club agent, Kimberly Dods, who specialises in marketing freehold homes in the area, says Melrose is home to a well-administered and tightly knit community with many homeowners keeping their properties for a number of years. Some have even remained within the same families for generations.
“According to the most recent area report released by property research company Lightstone, 56% of homeowners in Melrose have retained ownership of their properties for eight years or more.
“Both traditional freehold homes and sectional title properties come to market relatively infrequently in this small suburb, and well-priced properties tend to be snapped up, despite the current stagnation of national economic indicators.”
Dods says four-bedroom homes in Melrose fetch anywhere between R5.5million and R15m. Large luxury homes may be marketed for R30m or more, and a sectional title home can be acquired for around R2.25m.
“Most residents in the area are affluent business people, executives and professionals. They appreciate that they reside in such a family suburb that is at the same time central,” says Dods.
“Melrose is close to every possible amenity, including outstanding shopping, entertainment, restaurants, offices, places of worship, and some of the finest schools and educational institutions in Joburg.”
Kingsmead College, Pridwin, St Theresa’s Mercy School, Brescia House, Ursaline Convent, Sandton Crawford College, Redhill School, St David’s Marist Inanda and King David Primary School Sandton are all situated within easy reach of Melrose. The University of Pretoria’s highly regarded Gordon Institute of Business Science is situated within neighbouring Illovo.
“The suburb not only offers easy access to Sandton and Rosebank, but is also supported by major road systems such as the N3 freeway and nearby Gautrain stations,” says Dods.
Pam Golding Properties Gold Club agent Carol Truter, who works alongside Dods, says Melrose Arch with its many fine restaurants and retail stores, is nearby for residents, as is the popular Thrupps shopping centre.
“For those who enjoy sports, the Wanderers Cricket Stadium is in Corlett Drive, and the Killarney and Inanda clubs are minutes away. Inanda Club offers horse riding and other activities and services to members and guests.”
Resident Sue Truter says: “We’re very close to Melrose Arch, Rosebank and Illovo. The Gautrain bus passes every hour on its way to and from the Rosebank Gautrain station.
“The neighbourhood has a thriving birdlife, with more than 120 wild bird species at the Melrose Bird Sanctuary. The roads are tree-lined and around this time the jacaranda trees are in bloom.”