Insider’s Guide to Parkview
In real estate circles Parkview is generally considered to be one of Joburg’s most popular suburbs that continues to perform consistently, even in the wake of downturns in the economy and unfavourable market conditions
WE REFER to Parkview as an evergreen suburb, Antonina Selina of Ennik Estates says of this popular spot. “However, Joburg property prices in general are too low and are due for a correction,” she says.
“Simply put, it’s a good time to buy right now.”
Selina says there are about 50 properties on the market in Parkview, which amounts to just over 5% of the entire neighbourhood – a statistic that should be seen as healthy.
A landmark property in
Parkview recently sold for a record R12.75million in under 100 days, says Selina.
Lately, they have seen entry-level properties sit for many months on the market, although the average sale period is calculated at 60 to 90 days.
Selina describes Parkview as well-suited to anyone seeking a “care-for-your-neighbour” lifestyle, and says there are various reasons for its perennial popularity.
“The obvious choice must be its unquestionable sense of community, something that developed over many years, driven by the active residents’ association,” she says.
Parkview is also a neighbourhood with a good range of heritage, character-filled, modern and quirky homes that were built in the
1920s and 1930s, many of which have since been renovated.
“The attractive heritage architecture, mixed with some modern flair, attracts a wide variety of people from young corporate families and mature journalists to international artists,” says Selina.
“The beauty of Parkview is its ability to attract modest people who carry thick wallets.
“Entry-level (full renovation required) properties will start at R3m and top out at R7m. The average is R4m.”
Selina says most stand sizes are 1020m², although one will also find the odd 4000m² property.
The attractive heritage architecture, mixed with some modern flair, attracts a wide variety of people from young corporate families to mature journalists and international artists – ANTONINA SELINA, ESTATE AGENT, ENNIK ESTATES