A R700 million ‘game-changer’ for property prices in this Joburg suburb

 ·18 Feb 2024

Property experts have noted that prices for homes in Northcliff, Johannesburg are expected to increase as demand in the area spikes on the back of a new private hospital worth approximately R700 million being built in the area.

This is according to Seeff Property Group, which highlighted the addition of the new state-of-the-art Johannesburg Surgical Hospital (JSH) is a “medical game-changer” for property in the area.

“The area will benefit tremendously from the hospital, which is the first on the continent to offer groundbreaking new technology and less invasive surgical techniques.”

It boasts 150 beds, 13 theatres, and 36 specialists across a wide range of medical fields,” said Johann du Plooy, licensee for Seeff Randburg.

According to the City Press, 36 of the country’s top medical fraternities have put their own money into a new private hospital – worth around R700 million.

The JSH is located on Beyers Naudé Drive and feature advanced equipment, scanners, and digital systems. It will also have a radiology department, emergency, intensive care and high-care units, pathology services, and laundry facilities.

The hospital opened to the public at the end of 2023, and a medical complex expansion worth R180 million is expected to open in the first quarter of this year – followed by a third expansion project worth R230 million, which is still in the pipeline.

Du Plooy noted that Northcliff – situated in Randburg, Johannesburg – is one of the most dynamic property markets with well over 32 suburbs and housing ranging from security complexes with apartments, townhouses and clusters to luxury lifestyle estates and freestanding houses.

According to Seeff, on average, you can expect to find luxury homes in the R4 million to R9 million, while some high-end homes range from about R25 million.

Despite a notable slowing in the Gauteng property market, the area achieved well over R6.2 billion in transactions over the last year.

Du Plooy added that this revival – with the addition of the JSH – could give Northcliff the stature it had when the bank managers and the mine bosses lived in the big, opulent, north-facing houses.

Aside from attracting surgeons, medical staff and so on, Northcliff offers an excellent alternative for luxury home buyers to escape the busyness of Sandton.

The suburb attracts a cross-spectrum of buyers but is especially popular with professionals and families.

An example of an average-ranging house in Northcliff is listed below.

7 bedroom house – R8 million

Features include:

  • Open-plan living area,
  • Granite bar and jacuzzi,
  • Outdoor patio, swimming pool, braai area, and landscaped garden.
  • A fully separate flat with its own entrance,
  • A staff flat, and
  • Garaging for four vehicles and security.

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