Estate agents from the Cape Town suburb of Newlands discuss what makes the property market in the area so popular.
Who is buying property in the area and what types of properties are available?
Newlands is ideally situated below the eastern slopes of Table Mountain, within easy reach of top schools, forest walks and jogging trails, boutique shops, the rugby and cricket grounds, eateries and cafes. Newlands Village, for example, is attractive to a range of people, from families to professionals, “swallows” and out-of-towners wanting a lock-up-and-go in a prime position. They can choose from small, beautifully restored Victorian cottages to spacious modernised homes. Leafy Fernwood, close to Kirstenbosch National Botanical Garden, has larger erven and magnificent views. Accordingly, there is great demand for a range of properties, from smaller units to homes on larger erven.
What can buyers expect to pay for property?
The sought-after village atmosphere, access to top schools and an easy commute to the freeways and CBD create a high demand from family buyers. This coupled with stock shortages is resulting in price growth not seen for a few years. Sectional title and townhouse living properties are changing hands from R2m and up, entry-level freehold from R4m. Top-end luxury properties with high-quality finishes and mountain views can fetch upwards of R10m. The highest demand at present is for homes priced from R5m to R6m, for which buyers expect a three- or four-bedroom home with a garden and double garage.
Mark Upton: CEO, Upton Properties
What do you love most about this area?
As an agent and resident of Newlands, I am passionate about the area. Trendy shopping, fabulous restaurants, magical Newlands Forest walks, Kirstenbosch, schools and university, cricket and rugby are all on your doorstep. Fernwood, leafy with large erven is ideal for growing families. Hiddingh Estate is the area for couples planning a family and wanting the feel of peace and tranquillity. With the wonderful Paradise Park playground, Liesbeek River walks, this area is perfect. Newlands Village with its Chelsea charm and state-of-the-art renovations is the area most sought-after by trendy couples looking for a unique lifestyle.
Sandra Evans: Property consultant, Knight Frank
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