Marias Steyn Park - Modern and Well Established

Marias Steyn Park - Modern and Well Established

Private Property South Africa
Ben Kelly

Marias Steyn Park is not one of those suburb names that trips off the tongue. Named after a long-forgotten politician the suburb sits alongside the N3 highway on the western boundary of Edenvale. The suburb, which sits among other areas that are dominated by sectional title developments actually is split evenly between sectional title developments and freehold properties.

Driving around the suburb may not adequately indicate this as the relative size of the freehold properties means that they take up the vast majority of the land, leaving the feel of a traditional Johannesburg residential area.

The biggest downfall of the suburb is the proximity of the highway, with some houses backing onto the road and this virtually guarantees that day or night there will be some level of noise from the freeway.

With wide verges and established greenery the suburb commands a reasonable price for its properties, with freehold properties fetching an average of just over R1.5 million in the past 12 months and sectional title properties sitting just under the R800 000 mark. With an average municipal valuation for freehold properties of just under R1.5 million the prices seems to be fair at the moment.

As with any other suburb that has a strong complement of sectional title properties Marais Steyn Park the majority of buyers tend to come from the younger age groups with just over 40 percent of buyers under 35. There remains a solid base of established owners, with more than 40 percent having owned their properties for 11 years or more.

The suburb is well positioned for shopping and entertainment with the Greenstone Mall just down the road and Bedfordview and Eastgate just down the highway. It is also relatively easy to get to the airport either on the highway or via the backroads. The Edenvale area has a number of good schools, both of the private and public variety and just across the highway there is a cluster of top private schools including St Andrews and Saheti.

Share:

Found this content useful?

Get the best of Private Property's latest news and advice delivered straight to your inbox each week

Related Articles

Reserve Fund compliance now urgent for ST schemes
Sectional title schemes are required t be compliant with reserve fund provisions.
Explaining price on application (POA)
Everything you need to know about price on application.
The lifetime benefits of buying young
Why buying property at a young age is beneficial in the long run.
Record breaking sales in Langebaan during lockdown
There was a surge of property sales in Langebaan during the lockdown.