select
|

East London property gets a boost from ‘edugration’

With the rand at current levels, most families could not emigrate from SA now even if they wanted to – but “edugration” is a huge and growing trend as parents change suburbs and even cities within SA to get into the feeder areas for top-rated schools.
 
“And this has major implications for the property market in those areas,” says Clinton Krouse, principal of Chas Everitt International in East London - a city that enjoys a reputation as a centre of excellence when it comes to both public and private education and is currently a beneficiary of quite large scale “edugration”.


This modern three-bedroom, two-bathroom townhouse in Stirling is on sale through Chas Everitt International for R1,195m. Located on the ground floor of a popular and secure complex, it also has spacious living areas, a patio, large kitchen with granite countertops and a double garage. It is close to schools, shops and Nahoon beach, and the complex has a pool and braai area for residents.
 
“There is huge demand for places in top schools around the country, which has resulted in most of them having to limit their intake to learners from their immediate catchment areas – unless they are term-boarders,” he says. “So the number of parents keen to find homes in these areas keeps increasing, and because the existing residents tend to want to stay put for around 15 to 20 years, there is usually an undersupply that supports continuous price growth.
      
Krouse says the East London suburbs most affected by the “edugration” trend are Selborne, which is home to the Clarendon girls’ schools and Selborne boys’ schools; Vincent, where the Hudson Park schools and Port Rex Technical are located; Stirling; and Beacon Bay, which has the Beaconhurst and Merrifield schools. 


This charming four-bedroom, two-bathroom home in a prime position in Vincent isn for sale through Chas Everitt International for R2,095m. Located just 1km from Hudson Park Primary, it also has three living rooms, a huge farm-style kitchen, a study, covered patio, pool and plenty of secure parking. There are also two one-bedroom flats on the property. 
 
“Demand in these areas has been robust in recent years, he says, and properties close to the most sought-after schools usually sell for more than similar homes in other locations. Nevertheless, they are still more affordable, especially for young families, than the prime school areas in SA’s bigger cities, and we find that many of our prospective buyers these days are actually from out of town.”
 
East London does of course have a very long history and tradition of providing top-notch secondary education, he notes, with many of SA’s top executives, professionals and sportsmen having attended high school here, often as boarders whose families actually lived in Johannesburg, Cape Town, Durban and even as far away as Zimbabwe or Zambia.


This lovely three-bedroom, two-bathroom home in the heart of Selborne is for sale through Chas Everitt International for R2,2m. Perfectly situated close to Selborne College, it also has three living rooms, a state-of-the-art kitchen, plenty of secure parking and a separate one-bedroom flat.
 
“But many of the most renowned local high schools also have companion primary or preparatory schools, and that is proving to be another attraction for young parents from around the country who might otherwise not have considered moving to East London – or been able to discover the great lifestyle it offers in addition to excellent schooling.”


In Beacon Bay, freehold family homes start from just under R1,8m and range up to around R3,6m. For R2,9m, Chas Everitt International is currently marketing a luxury four-bedroom, two-bathroom home in Bishops Country Estate. It has a modern kitchen with separate scullery, lounge, dining room, covered patio, double garage and pool. The estate has a golf course, tennis courts and a clubhouse, and is close to the Beacon Bay Life Hospital as well as the Beacon Bay Retail Park and Beacon Bay Crossing shopping centres. It is also less than a kilometre from the Merrifield schools.
 
Set between the Buffalo and Nahoon rivers on the shores of the Indian Ocean, East London is known as SA’s most relaxed city. It boasts some of the country’s best beaches, and great weather that makes it possible to enjoy swimming, sailing, skiing and surfing almost all year round. It is also well-supplied with public transport, shopping malls and modern medical facilities, and has several excellent golf courses. For those who need to travel for business, there are good road links to Port Elizabeth, Cape Town, Bloemfontein, Johannesburg and Durban, and several flights a day to these cities from East London Airport.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK