The Johannesburg suburb of Linden is so popular that prospective buyers often bid against each other for the same property, according to Jandri Coetzee, the local Rawson Property Group franchisee.
“This has of course caused prices to rise quite steeply in the past few years,” he said. “According to property data company Lightstone the average price for freehold properties in Linden has risen from R1,8m in 2012 to R2,4m currently, and the average price for sectional title properties has increased from R800,000 to R1m in the same period.”
One of Linden’s main attractions for buyers is its proximity to good schools such as De la Salle Holy Cross, King David and Linden Hoër, as well as the Louw Geldenhuys and Holy Cross primary schools.
“In addition, Linden has its own well-managed police station, and an active Community Association that has implemented strong measures to prevent crime and safeguard the area,” Coetzee said, noting there are some 1,500 freehold homes in Linden and about 700 sectional title townhouses and flats.
Prices for sectional title units currently for sale range from around R750,000 for a two-bedroom, one bathroom flat, to R1,35m for a two-bedroom townhouse. A two-bedroom duplex in a brand-new development will set you back R1,95m.
House prices currently start at around R1,6m for an un-renovated three-bedroom “traditional” home and increase to about R5,5m for a five-bedroom, double-storey home on a 2,400m2 stand.
Current Rawson listings in the area include a luxury four bedroom, three bathroom home that is priced at R3,8m.