Upmarket Oaklands

Oaklands is an upmarket area where the size of the properties is around 3,000 m². The area is especially appealing to young families and is a perfect setting in which to raise a family, thanks to plenty of space, ground for the kids to play in the established gardens.

Majority of sales are from older residents considering down-sizing. Around 14 residential property sales are recorded a year in the suburb. The average selling price for the older, un-renovated home on 3,000m² would be in the vicinity of R4.5m while cluster-type and newly renovated homes can sell for up to R15m.

The area is a greenbelt where the streets are lined with old oak trees and jacarandas. Oaklands lies next to Houghton off the M1 and just across the M1 is Melrose and Rosebank.

Nearby Neighbourhoods

Oaklands is close to trendy Norwood, which has a choice of restaurants and shops. It is also close to Melrose Arch and the Wanderers Cricket Stadium, and for the golfing enthusiasts they have the choice of Houghton or Killarney golf clubs.

Proximity to the vibrant commercial centres of Sandton CBD, Joburg CBD and the CBD of Rosebank ensures consistent demand for accommodation. It is this attraction and others, such as its location adjacent to Houghton Estate, the former residence of Nelson Mandela, that make Oaklands a noted investment destination.

Home Values

The median value for free hold property  in Oaklands is R4,400,000.  Lightstone shows that majority of purchasers in the area in the last year, are between the ages of 36-49 years old.