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.

Found this content useful?

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

Related Articles

Kerb appeal of low-income houses is important
With the real estate market shifting downwards currently, property prices become more competitive.
Pre-prepare to move: Five things that you can do well in advance
Regardless of why you are relocating or moving to a new property, the sooner you start to prepare to move home, the less stressful the actual moving day will be.
Does your insurance cover your garage and what’s in it?
The garage is one of the most versatile value-adds to a property
Secure your home before heading off on holiday
If you have ever left your home and had to return because you think you’ve left your stove or iron on, then you’ll not want to go on holiday with any niggling doubts that your property is not secure.