Lonehill Suburb Report

Private Property South Africa
Ben Kelly

Just before Johannesburg runs out into the equestrian wonderland that is Kyalami and its surrounding suburbs down Main Road, you pass through Lonehill. With Leeukop Prison in close proximity and wedged between Main Road and Willian Nicol, Lonehill is one of the stereotypical new generation of Johannesburg suburbs. With 55% of the suburb comprising of sectional title units and another 26% in estate developments, the freehold market is largely relegated to the older parts of the suburbs and in these areas residential security is strong and visible as one would expect in a suburb were the average freehold price sat around the R1.7 million mark. The figures for the suburb at the moment point to a recovery in the market with the average selling price over the past 12 months at the R1.9 million mark. This average selling price has been reasonably stable over the past few years after increasing from R900 000 in 2004 to R1.6 million in 2006. The years between 2004 and 2007 also marked a significant escalation in number of freehold properties changing hands with more than 1200 properties being sold in that four-year period. To put this into context the total freehold stock in Lonehill at present sits at under 1100 units. Sectional title units have seen a similar pattern with prices rising from an average of R530 000 in 2004 to R810 000 in 2010, but with flat growth between 2007 and 2010. The most recent 12-month period, however, has seen the average price passing R900 000. Sectional title in Lonehill is the tale of two suburbs. On the one side there are the more recent developments, closer to William Nicol and bordering on Fourways Crossing where recent sales would fall into the R400 000–R800 000 area (30 sales in the last 3 months); and the older and mostly smaller developments in the older parts of Lonehill where prices move into the R1.5 million–R3 million plus area (6 sales in the last 3 months). From an entertainment perspective Lonehill manages to be both slightly off the beaten track, but also right in the heart of the northern suburbs life. Monte Casino is a stone’s throw away and the shopping mecca that is Fourways is right on your doorstep. Lonehill Shopping Centre provides a central gathering point for shopping and eating out with a great collection of shops and restaurants. Traffic is not necessarily the best aspect of the suburb with both main access roads (William Nicol and Main Road) partial to congestion and, when they get backed up, getting in and out of the suburb can be difficult. While there is a limited choice of schools inside Lonehill, with only Crawford inside the suburb, Private schools such as St Peters and government schools such as Fourways High and Bryanston Primary School are within easy reach. With the stable owners in Lonehill falling mostly into the 36-64 year bracket it is likely that these education choices provide adequate choice without having to venture too far afield.

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