Midrand is a great place to call home for a variety of reasons, such as a wide range of amenities and things to do, as well as easy access to freeways and arterial routes that will take you wherever you need to go. Thanks to its convenient location between Johannesburg and Pretoria, it is often described as the beating heart of Gauteng. It is a vibrant, cosmopolitan area that is home to South Africans from all walks of life.
What Midrand has to offer investors
Midrand has a property to offer the residential property investor in every price bracket, whether you're looking for a one-bedroom apartment or a spacious family home. The latest TPN Investor Report reveals that Midrand offers a good blend of freehold and sectional title properties, with 46% of properties available in the area being freehold houses and 47% being made up of flats, townhouses and cluster homes. According to census data from Statistics South Africa, 43% of properties in Midrand are rented, which means great scope for tenants looking for their dream home, and a lucrative investment opportunity for buy-to-rent investors.
Everything on offer for residents
From a residents' point of view, properties in Midrand tend to be spacious, and rental properties typically have at least four rooms, excluding bathrooms and kitchens. Three-bedroom duplexes in Midrand suburbs such as Kyalami Hills can be rented from approximately R13 500 per month. Many such properties are pet friendly and offer a wide range of amenities. A browse of the properties available to rent in Midrand on the CSi Properties website shows that two-bedroom apartments can be rented in the R6 500 to R9 000 per month price bracket. Meanwhile, a trendy one-bedroom apartment can cost as little as R5 500 per month, making Midrand an extremely affordable place to call home.
According to Heidi Cook, who is a CSi Property Group real estate agent specialising in the Midrand area, the location of Midrand makes it an excellent choice. "It's central between Johannesburg and Pretoria," she explained. "There's a large variety of schools and shopping centres in the area, as well as hospitals." Midrand offers an array of complexes and estates, which offers a particularly appealing way of life for those interested in a lock-up-and-go lifestyle. "The estates in this area are extremely modern," commented Cook. "Many boast facilities such as clubhouses and swimming pools, as well as braai facilities." In short, real estate in Midrand has much to offer those looking for a great home.
Lots to do when it's time to relax
One of the first things that residents of Midrand will tell you is that there's plenty to do in the area. For starters, the Irene Village Market, which happens on the first and last Saturday of every month, is within easy reach. It's a great spot to visit for live music, local produce, and arts and crafts. When it's time for some shopping or window shopping, Midrand residents are spoilt for choice by the wide range of tenants at the Mall of Africa.
Midrand is home to Lory Park Animal and Owl Sanctuary, where locals have the opportunity to meet a wide range of furry and feathered creatures ranging from owls and vultures to tigers and other big cats.
When it's time to enjoy a meal out, residents of Midrand are spoilt for choice from casual to fine cuisine. Ristorante La Trinita brings a taste of Italy to Midrand, while The Mall of Africa offers a wide range of well-loved restaurants, such as Wasabi Sushi & Grill, Mad Nomad Restaurant and Casa Bella, amongst many others. In addition, beer enthusiasts can make the most of having Brewhogs Brewery and its wide range of craft beers close by.
In a nutshell, Midrand offers many reasons why it should be your next home. Contact the team from the CSi Property Group and allow us to help you find your Midrand home.