Monument - A Memorable Place to Stay

Monument - A Memorable Place to Stay

Private Property South Africa
Ben Kelly

Followers of school rugby probably have heard of Monument through its rugby team that over the years has consistently featured as one of the better performing school rugby teams. The suburb, on the other hand, is one that only those that travel to the west rand would be able to point out on a map.

Located between Voortrekker Road (the extension of Ontdekkers Road) and a relatively steep decline, some of the suburb has nice views over the rest of the west rand and out to the mine dumps that are emblematic of this part of the world.

The suburb’s location close to the intersection of Voortrekker and Paardekraal roads provides access to the Krugersdorp – Pretoria Highway and Ontdekkers Road (which makes it easier to reach the rest of Johannesburg). The suburb itself is split by Voortrekker Road and there are a number of shops along the road to provide for basic needs, otherwise there is Keywest Shopping Centre or President Hyper in the area for shopping and entertainment needs.

Property prices in Monument have fluctuated massively over the past few years ramping up from an average of R556 000 in 2004 and reaching R1.075 million at the peak of the property boom in 2007 before retreating to R860 000 in 2009. In the first part of this year the prices have bounced back to R1.1 million, restoring the price of freehold properties back onto their upwards trajectory. Sectional title prices (which make up only 25% of the available stock) have only escalated from R378 000 to R545 000 over the same period.

Monument has a larger proportion of older owners than other suburbs with 21% in the 65 years and older section. Only 7% comes from the 18-35 year old section with 44% of new purchasers coming from the 36-49 year olds.

Apart from the renowned Hoerskool Monument, there are both a number of primary schools such as Laerskool Paardekraal, Monument Primary and Laerskool Krugersdorp Noord in easy driving distance. There are also high schools such as Hoerskool Jan de Klerk and Krugersdorp High School close by and Saint Ursula’s Convent for those looking for a catholic girls education.


Found this content useful?

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

Related Articles

12 ways to support your local community right now
Wondering what you can do to make a difference in your community during this difficult time? Here are 12 simple ways to support your community right now.
Is it a good idea to think about selling your home in the current financial situation?
Estate agents say this is a good time for property owners to list their homes for sale.
5 affordable ways to make your space feel like new
For homeowners who are looking for ways to keep motivated within these challenging circumstances, a change in environment can help boost morale and make a space feel like new.
Property emerges under Level 3 to best buyers’ market in over 35 years!
Real estate emerges from Lockdown under Level 3 we enter the best buyers’ market in over 35 years.