There is a new breed of renovator in the Johannesburg suburb of Highlands North, where houses are generally located on double stands of 1,000m², and range in price from between R1,3m and R3,7m. The post-War face brick homes that were once a common feature have been transformed slowly over the years, said Howard Hoff, area specialist for Lew Geffen Sotheby’s International Realty.
“The current crop of renovations is mainly being undertaken by a new breed of renovator; they are well-financed, fast-moving young builders who buy cheap, dilapidated old homes and spare no cost in bringing them onto the market with the latest trends and finishes,” he said. “This has resulted in notable growth at the top end of the market where you can buy a spacious, fully renovated modern family home with four to five bedrooms and three reception rooms for between R3m and R3,7m.”
Despite the recent surge in development, this has mostly been confined to renovation and there are very few sectional title properties in the area. Very few properties in Highlands North are demolished, as people prefer to buy and renovate to suit their requirements, said Hoff.
Photo: This Highlands North home is on the market for R2,495m, and features three bedrooms as well as a separate two-bedroom cottage and staff accommodation.