Engel & Völkers Licence Partner South Africa > Blog > Dainfern residential property enjoys significant growth due to investment and development

Dainfern residential property enjoys significant growth due to investment and development

Established a little over 25 years ago, Dainfern is an upmarket suburb within a sprawling residential and commercial hub touted as Johannesburg’s ‘New North’. The suburb is home to well-known celebrities, artists, entrepreneurs, business owners, wealthy individuals and expatriates who enjoy the many live, work and leisure benefits that the area and its surrounds offer.

Dainfern is part of the greater Fourways area – the New North, which is one of Gauteng’s most rapidly expanding and developing nodes. Craig Hutchison, CEO of Engel & Völkers Southern Africa explains that the growth shows no sign of slowing down and may soon overtake Sandton as a prominent business district.

“Dainfern property is back in demand, especially with the R2.4 billion expansion of Fourways Mall and significantly, within the next 10 years, the next two stages of the Gautrain development,” says Hutchison.

Fourways is ideally situated between Johannesburg and Pretoria, providing convenient access to major highways and arterials. The area is also equipped with an array of excellent private and public schools including Fourways High School, Crawford Fourways, Bryandale Primary School, Chartwell Country College and Cedarwood School. In terms of essential amenities Life Fourways Hospital is highly regarded and Sandton Clinic and Sunninghill Hospital are in close proximity.

World-class shopping and entertainment are also on offer at Monte Casino, Design Quarter and the expanding Fourways Mall. Lanseria International Airport is a few kilometres away and for individuals who enjoy the outdoors it is an easy drive to the Magaliesberg Meandor and to the Norscott Koppies Nature Reserve.

Hutchison explains that Dainfern residents have the opportunity to enjoy all that the area has to offer and more. Dainfern Lifestyle and Golf Estate is at the heart of the neighbourhood, and is flanked by the smaller suburbs of Dainfern Valley and Dainfern Ridge.

A wide range of properties on offer

For both buyers and investors, the neighbourhood offers a wide range of properties from apartments and townhouses to clusters and sprawling family homes. The area attracts young individuals and families with the majority of buyers in the 36 to 49-year-old age bracket followed by consumers aged between 18 and 35. Many buyers view property in the area as a long-term investment and will rent units out, taking advantage of the buoyant rental market.

Studio apartments sell from R600 000 onwards. Two-bedroom, two-bathroom apartments range from R960 000 to R1.5 million. Cluster homes in secure complexes or estates start at approximately R1.7 million. Whilst freestanding properties average around R1,6 to R2 million with the top end standing at over R5 million.

“Dainfern’s residential properties have once again become sought after assets and property prices will climb as demand continues. The new Fourways Precinct currently underway makes the suburb a thriving Metropolitan area offering convenience, growth and lifestyle,” says Hutchison.

“We have recently been mandated by International Housing Solutions to sell a current development on their books, The Paddocks Estate” stated Craig. For both buyers and investors, the Paddocks is ideally situated within this thriving neighbourhood. The lifestyle is perfectly suited to young professionals, those starting a family or investors with a keen eye for a quality development,” concludes Hutchison.

The Paddocks is a 3 storey walk-up development catering for everyone with 4 options to choose from ranging from Studio apartments from R610 000, Bachelors from R645 000, 2 bedrooms, 1 bathroom from R900 000 and 2 bedroom, 2 bathroom from R965 000.

The complex has 24 hour security with access control offering a secure lifestyle with abundant open park spaces, children’s play areas, a tennis and basketball court, clubhouse with pool and onsite laundry facilities.

The Paddocks is conveniently situated with direct access to the trendy Dainfern Square Shopping Centre, which is home to a Virgin Active Gym, Woolworths, Pick n Pay and a selection of restaurants – a world of retail and entertainment on your doorstep.

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