A look at the R53 million ‘Pearl in the Oyster’ for sale in one of South Africa’s richest areas – BusinessTech
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A six-bedroom house in Bryanston East, Johannesburg, is on the market for R53 million.
According to Lew Geffen Sotheby’s International Realty, “The Pearl in the Oyster” property has uninterrupted views of Johannesburg North, with the 15,000 sqm property’s pool and viewing deck offering stunning views of Sandton City.
The home has several large reception rooms for entertaining, such as an executive bar with a snooker table, study/library and wine cellar, which all open onto a large, covered and enclosed patio with folding doors.
The gourmet kitchen has top fittings, and an elevator is also in the property.
There are five double-bedroom suites and a guest suite with lounge. There is also a upstairs family lounge.
When it comes to home backup power supply, the property has a 75KVA generator and a grid-tied solar system.
The property also features ducted air-conditioning, a central vacuum system, a water-borne underfloor heating system and a home automation system.
Regarding security, the property has a dedicated guard house, burglar alarm & sensor beams and 16 CCTV surveillance cameras.
Bryanston is an incredibly sought-after area in South Africa.
A recent property newsletter by Lightstone showed that Bryanston was the most popular area for homes priced over R1 million when looking at total purchase price and sales numbers in 2023.
Bryanston saw 802 homes bought for over R1 million, with an overall total purchase price of R2.69 billion.
Sea Point in Cape Town was second, with 679 homes for R2.59 billion.
Midstream Estate in Centurion slipped from second place in 2022 to third in 2023, racking up R2.1 billion from the 537 homes sold in the area.
Sibaya Coastal Precinct in KwaZulu-Natal took fourth with R1.72 billion in sales, followed by Sunningdale in the Western Cape, where R1.49 billion was sold.
Val de Vie in Paarl and Fresnaye in Cape Town, which came fourth and fifth in 2022, lost their places in the top five in 2023.
The table below lists the top five suburbs by the most transfers with purchase prices greater than R1 million.
| # | Suburb | Province | Volume | Total purchase price |
|---|---|---|---|---|
| 1 | Bryanston | Gauteng | 802 | R2.69 billion |
| 2 | Sea Point | Western Cape | 679 | R2.59 billion |
| 3 | Midstream Estate | Gauteng | 567 | R2.10 billion |
| 4 | Sibaya Coastal Precinct | KZN | 419 | R1.72 billion |
| 5 | Sunningdale | Western Cape | 537 | R1.49 billion |
Despite South Africa’s repo rate currently standing at a 15-year high of 8.25%, the Landsdowne Property Group said that several suburbs in northern Johannesburg offer good value for investors, including Bryanston.
“Property prices in Johannesburg are sitting at levels last seen 14 years ago, and we believe now is a good time to buy property in the metro. Courageous investors who take a long-term view will be rewarded when the market turns,” said Jonathan Kohler, Founder and CEO of Landsdowne.
Due to its central location to Sandton and Randburg CBDs and offering good schools, medical facilities, shops, and entertainment facilities, Bryanston is a sought-after place to buy property.
The area offers entry-level apartments to luxury family homes and residences.
Images of the R53 million “The Pearl in the Oyster” can be found below:
Read: What you need to earn to afford the average house price in each province in South Africa
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