Area Overview:

Sandton is one of the wealthiest residential and commercial hubs of Johannesburg. The Sandton skyline has become synonymous with wealth, glamour and business opportunity. So much so that the area’s central commercial node boasts some of the most expensive commercial properties in the country.

The greater Sandton area has prestigious private and government schools and offers excellent international colleges and higher education providers, including The IIE’s Varsity College and Henley Business School. A number of the continent’s best shopping malls are in Sandton, these include Nelson Mandela Square and Sandton City. Both are located within the richest square mile on the continent.

Together with many large multinational corporations, the Johannesburg Stock Exchange is based in Sandton and as a result the area sees numerous business travellers. With many upmarket hotels to choose from, leisure travellers also make a stop in this cosmopolitan and glamorous business, residential and tourist hub.  The Gautrain Sandton Station means that getting to OR Tambo International airport takes a mere 15 minutes.

Known as one of the most opulent areas in South Africa, Sandton’s residential zones offer upmarket estate living, luxury freehold and a choice of sectional schemes.

Area Trends & Activity:

Properties in the area remain popular and range from luxury one-bedroom units in upmarket complexes to clusters in secure estates. The lock up and go lifestyle is in huge demand as it allows owners to visit their weekend or holiday homes.

The rental market is particularly active, with multinational companies renting residential properties for their employees, consultants and contractors.

The ongoing development in Sandton and surrounds means that property prices will remain stable and buy to rent opportunities will continue to be a viable option for investors.

With business, shopping and entertainment on one’s doorstep, Sandton is a hive of upmarket activity and residential aspiration.

Average Property Value:

The average price of property in Sandton ranges from R1.5 million for a 1-bedroomed flat, around R3,5 million for an ordinary freestanding home on the outskirts, around R5 million for a 3-4 bedroomed cluster and between R8 million to upwards of R10 million for a large house set in a lush garden in the more affluent streets.