Find out more about the property market in Tamboerskloof, Cape Town City Bowl from local experts.
What can buyers expect to pay for property?
Tamboerskloof is an eclectic mix of Edwardian and Victorian homes interspersed with ultra-modern architectural masterpieces on the slopes of Signal Hill. It is such a pleasant place to live that nobody wants to leave. As a result of this stock in the area seldom becomes available and this has driven up prices hugely. An entry-level studio apartment would cost over R1,5m, while larger apartments can achieve up to R16m. Houses range from R5m to R25m. Numerous upmarket guesthouses and B&Bs are situated in the suburb, there is a wonderful community spirit with an active and effective neighbourhood watch.
Who is buying property in the area and what types of properties are available?
Many foreigners are looking to buy property in Cape Town, the majority coming from Germany, France, the US and the UK. Tamboerskloof has a large German community, with the German School located in its heart. Usually Tamboerskloof buyers are not first-time buyers and some own several properties in the area already. Most buyers are over the age of 36, most have families and are looking to upgrade to a bigger property closer to the city, or are investors looking for property which can offer a good rental return. Tamboerskloof offers variety from top apartment blocks to beautiful Victorian cottages, as well as ultra-modern homes.
What do you love most about this area?
Tamboerskloof is the real thing. Olde Cape at its best, yet trendy and vibey where you feel totally at home. One of the oldest residential suburbs of Cape Town with beautiful Victorian homes and an eclectic mix of architectural styles adding character. I love hanging out with my friends at The Blue Cafe or having breakfast at Cafe Puka from where you can watch the locals go by with their dogs and catch up on the news of the day. So cosmopolitan and whether you are Afrikaans, English, German, French or from other parts of Africa you will always feel you belong and never want to leave.
Elisabeth Kretschmer: Owner/principal agent, Kapstadt International Properties
This article originally appeared in Neighbourhood, Sunday Times.
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