Buyer-bound Brackenfell

Buyers are flocking to the Cape’s northern suburb of Brackenfell where value for money is the name of the game. “There isn’t enough supply for the high demand,” says Deon de Klerk, Franchise Principal of Jawitz Properties Brackenfell.  

This three-bedroom home marketed by Jawitz Properties is for sale in Brackenfell, listed at R 1 750 000. It has one and half bathrooms, a braai and dining room, spacious kitchen with aircon facilities and a double garage. 

Semigration is a factor as many prospective buyers coming from Pretoria and Johannesburg are interested in the area. “There is value for money here because the plot prices are more reasonable particularly when compared to neighbouring suburbs like Durbanville. You get a better square meterage in Brackenfell because of the price.”

Stock is always an issue as industrial development has outpaced the availability of housing space. Developers are restricted by municipal structure affecting roads, water and sewerage. “But a market developer who could work around these obstacles could reap the benefit of addressing and supplying property in the vicinity of the station, particularly in the buy to rent space,” de Klerk adds. “Rental yields are in the range of 7-8%.” 

Brackenfell offers easy access to the N1, R300 and airport industrial developments, so its location – also boasting Stellenbosch situated just up the road– makes it an appealing suburb, and generally more affordable. 

The average price for an apartment starts at R800 000, while a two-bedroom flat or townhouse ranges from R1.15 million – R1.75 million. Three bedroom houses are priced on average from R1. 8 million – R2.7 million, and a larger home can cost in the region of R5 million. 

Townhouses appeal the most for first time buyers in Brackenfell and there are a number of good schools and shopping facilities close by.

“The biggest demand for townhouses is in the price range of R1.2 million to R1.4 million. Buyers can expect two bedrooms, one and half bathrooms, two garages and a pet friendly home in this bracket,” de Klerk says. 

In terms of houses, on average, buyers are most interested in prices ranging from R1.6 million to R2.3 million. “These properties typically come with excellent security features.” 

If a house is priced correctly it can be on the market for as little as a week, but no more than a month. “Homes sell quickly here and buyers who are keen on the area would be wise to keep their ears to the ground by getting in touch with a local estate agent who can notify them when new properties come on the market,” de Klerk concludes. 

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
    • 19 Apr 2018
      The rental market is a cut-throat sector of the real estate market that waits for nobody. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, first-time renters need to be fully prepared before they even start the process of looking for a place to rent in order to avoid the disappointment of losing out on their ideal property.
    • 19 Apr 2018
      Choosing to buy your first home instead of continuing to rent is a big decision that will usually take some time to put into action, but the sooner you can save up a sizeable deposit, the closer you will be to reaching your goal.
    • 18 Apr 2018
      Selling your home is no small task and as you will quickly find out, there are a lot of misconceptions about the process. Gerhard van der Linde, Seeff's MD in Pretoria East lists the top 5 misconceptions when you are selling your home.
    • 18 Apr 2018
      The Cape Town municipality is now installing water-management devices at properties that have been non-compliant with the new level 5 water restrictions and there are talks of fines between R5,000 and R10,000 for households that use too much water.
    • 17 Apr 2018
      The recent interest rate cut has stoked the coals in the first-time buyer’s market. At least for the next two months until the next interest rate announcement, homeowners are guaranteed lower monthly instalments than in the previous quarter. But, is it wise to take out a 100% bond just to enter the property market while interest rates are low?
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us