Midstream Estate: a “small town” oasis in central Gauteng

Posted On Wednesday, 29 August 2018 21:20 Published by
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Properties in security estates have become increasingly sought-after in recent years, providing a sense of safety and tranquillity that can be difficult to find in freehold neighbourhoods.

 CHEVONNE-REES

Far from the tightly-packed, gated communities of old, estates are now embracing a more comprehensive approach to secure living. Midstream Estate – located almost equidistant from Midrand, Centurion and Pretoria – is a prime example of this new, community-focussed lifestyle.

“Midstream Estate is much more than just a collection of security developments,” says Chevonne Rees, the Rawson Property Group’s franchisee for the Midstream area. “It’s more like a modern, self-sufficient, small town with the bonus of being access controlled for safety.”

Boasting three baby centres, three pre-primary schools, three primary schools and two high schools, as well as shopping centres, petrol stations, churches, sports and gym facilities, a business park, a medical centre, a retirement village and a Mediclinic Hospital, it’s difficult to argue that Midstream is anything less than a full-service community.

“The idea is that everything residents could possibly need is available within the estate’s boundaries,” says Rees, “but because of its central location, it’s also easy to take advantage of the facilities and business opportunities in the big cities nearby. Add to that the gorgeous communal gardens, tranquil parks and even the mashie golf course, and it really is a very special place to live.”

Midstream residents are primarily affluent, with an average household income of between R90k and R115k per month, but the eight developments comprised by the estate cater to a variety of age groups and price brackets. Properties range from luxury apartments to full-title townhouses, spacious family homes, and retirement villages. Entry-level properties start at R1.3million with luxury options topping out at around R16million.

“Demand is highest between R2million and R5million at present,” says Rees, “but there are opportunities in all the price ranges. Some buyers prefer to invest in the older, more affordably priced homes and update them to add value, but we’re also seeing huge demand for newly-built units that have no transfer duty and come with a five-year NHBRC warranty.”

Buyers aren’t the only ones interested in Midstream, however; its convenience and unique atmosphere have also attracted a thriving rental community. This, Rees says, offers its own opportunities for investors looking to take advantage of the estate’s stable capital growth and high rental yields.

Regardless of whether you’re looking for a profitable investment or your dream home, Rees strongly recommends getting in touch with a local agent before hitting the market.

“There are eight, discrete developments and over 5800 properties in Midstream Estate,” she says. “It can be quite overwhelming trying to assess all the options without a good understanding of the community. An agent who is familiar with the various neighbourhoods, as well as the market dynamics and opportunities in each, can be invaluable in helping you find the perfect property.”

According to Rees, picking the right agent is equally important for sellers in Midstream.

“Accurate pricing and the ability to maximise exposure through high-impact marketing is essential for performance in today’s property climate,” she explains. “The demand is there, but buyers are cautious, and sellers need to put their property’s best foot forward if they’re going to achieve the best possible prices.”

Last modified on Wednesday, 29 August 2018 21:39

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