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First Time Buyers Look to Durbanville

Durbanville is widely known as the home of several prestigious wineries such as De Grendel, Diemersdal, Nitida and of course Durbanville Hills. Located just outside of Cape Town, Durbanville is also a sought after residential area with several famous South Africans like Mark Shuttleworth and Duane Vermeulen having called it home.
 
Johan Odendaal, newly appointed Manager of Leapfrog Durbanville, shares that the town has an outstanding reputation for family living; “Even young people feel welcome in the area, mostly purchasing starter homes with the intention of upgrading as and when it’s affordable. At present Uitzicht and Sonstraal are the two most popular neighbourhoods for first time buyers”.
 
In fact these are in such demand that Johan says there is currently a serious shortage of sectional title accommodation which is typically more affordable and offers a ‘lock up and go’ lifestyle. 
 
According to data from Lightstone Property sectional title properties only make up around 30% of real estate in Sonstraal, 16% in Durbanville Hills and 23% of the nearby Uitzicht. On average first time buyers can purchase a sectional title home in Uitzicht for around R500,000, R760,000 in Sonstraal and R1,350,000 in Durbanville Hills. As these properties are fairly scarce in areas dominated by freehold plots they tend to sell quickly.
 
Durbanville is also popular due to its close proximity to Cape Town, close knit community and its access to good schools (including Curro, Chesterhouse, Durbanville and Stellenberg High) and excellent hospitals like MediClinic Panorama.
 
“Leapfrog Durbanville has been a well known sight in the area for a number of years now and we believe that our clients have learned that they will get expert and reliable service from us”, explains Johan.
His advice to sellers is to be realistic; “Do not be tempted by valuations by agent who want to secure a sole mandate to sell the property by over-inflating prices. A good valuation from a trusted source would point out the plusses and minuses that are factored into how the property is valued as well as comparing it with sales prices in the area. This is crucial as a realistically priced property tends to sell quickly”.
 
Johan’s advice to buyers is to do their homework; seeing what properties in the area are selling for and to familiarise themselves with the rules and regulations governing the sectional title complex they’re looking to buy into; “Sectional title properties are safe and many of the maintenance costs are shared. They do however, also have rules, levies and special levies that buyers need to be aware of beforehand”, stresses Johan.


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