A Closer Look at Glen Marais’ Rental Market
Category Property News
Glen Marais, situated in the bustling town of Kempton Park, is showing remarkable rental activity in the third quarter of the year. This residential suburb has some of the best and most affordable homes in the region, which has made it a popular destination for renters in Gauteng. Subsequently, the buy-to-let market has transformed to the meet insatiable rental demand, with more small-scale investors capitalising on the active market.
Unpacking the Glen Marais residential market reveals the 3 key reasons the suburb has emerged as a competitive player in the industry.
Affordable Price Range
The demographics currently renting property in Glen Marais largely fall into three groups that centre around young professionals relocating to the area for employment opportunities, families who require spacious homes with good yard space and young couples who require affordable starter homes. Since the market is diverse, with various types of homes and budget preferences on offer, it is not surprising that the demographics moving in are from various walks of life.
According to the latest data, the most popular rental prices are as follows: Apartments – R5 600pm, houses – R12 950pm and complexes – R9000pm. And of these properties, the most popular is a 3 bedroom complex priced at R9 700pm. The affordability is a significant deciding factor when renting a home in Glen Marais, and this is magnified when you compare the rental prices of the surrounding suburbs of Edenvale and Bedfordview, where, for example, rental prices for a two bedroom apartment can easily reach R12000pm or higher and houses can go up to R20 000pm.
Commercial Precincts at your Doorstep
The main impetus for people relocating to Glen Marais is to be situated close to Kempton Park’s CBD, which is comprised of 365ha of industrial and commercial nodes. Here you can find prominent business parks such as Plumbago Business Park, Transit Industrial Park and Clearwater Estate Business Park.
Furthermore, the OR Tambo International Airport as well as the town’s very own Gautrain station, has fuelled the business sector. As more businesses relocate or expand into the town, the rental market will continue to experience a high rental demand as an increased number of professionals move here for employment opportunities.
It is also interesting to note, recent data suggests that many professionals are choosing to live in Glen Marais even though they work in locations such as Sandton, Rosebank, Midrand and Pretoria. And this is because the Gautrain station, which is situated in the Kempton Park suburb of Rhodesfield, lies only 14 minutes away and effortlessly connects to key business hubs.
Like all high rental areas, premium amenities is a deciding factor when relocating to a certain area. And this is true for Glen Marais, which is surrounded by shopping malls, hospitals and schools. Here, you can find, Glen Marais Shopping centre, Intercare Glen Marais Medical and Dental Centre, and Maranatha Christian School. Tenants also benefit from a network of amenities in the wider Kempton Park, such as Kempton Gate Mall, Arwyp Medical Centre and Edenica Private School.
A Haven for Renters and Buy-to-let Investors
The success of Glen Marais’ rental market is owed to its affordability and perfect location close to the CBD, the Gautrain and a range of amenities. This has created an optimal environment for both renters and buy-to-let investors.
At De Lucia Group, we have recognised the importance of this suburb in terms of the secure and affordable homes it provides renters and the ROI’s it generates for investors. We have therefore secured over 200 listings from Glen Marais to buy, and five homes to rent. If you would like to find out more about the homes here, speak to our helpful agents today.
Author: De Lucia Group