Affordable homes, investment potential in Protea Heights

Brackenfell in Cape Town’s Northern Suburbs will be celebrating its centenary next year – yet in population and spirit it embraces a vibrant youthfulness.  

Pam Golding Properties reports that the area is peppered with a number of up-and-coming suburban areas which are providing the perfect starting point for first-time entrants into the property market, and an ideal home for newlyweds and young families.  At the same time, the range of properties on offer also incorporates larger upmarket homes, ideal for professional buyers and more mature families.

One of the suburbs best showcasing this range is Protea Heights, situated just south of the N1 highway and east of the R300.  The area is well-located for access to a number of business centres, including Cape Town, Durbanville, Bellville and Stellenbosch. It also lies close to several attractive green belts, including the Brackenfell Local Nature Reserve, the Kuils River Golf Club and the outlying farmlands of Stellenbosch.  Many homes enjoy views of the Cape Peninsula and/or the mountains of the Boland, while those occupying elevated hillside erven can enjoy a picture postcard view of Table Mountain by day and the twinkling lights of Cape Town by night.

PGP’s area manager for the Northern Suburbs, Maureen Nel, says the suburb offers a wide variety of housing options at very affordable prices.  “Entry level prices start at just R350 000 for a one-bedroomed apartment, or R500 000 for a two-bedroomed unit,” she says.  “Also particularly popular with first-time buyers and newly married couples are the many attractive townhouses, which start from around R550 000 for a small two-bedroomed unit with a manageable garden, and range up to around R1.1 million for a larger three-bedroomed townhouse with a double garage.  Free-standing homes are also available, priced from approximately R950 000 for a smaller home, and anywhere up to R3.5 million for the largest, most elegant mansions.  But those wanting a sizable family home need not stretch their budget that far – one can acquire a four-bedroomed home on 750sqm of ground, with a pool, staff accommodation and a double garage, all for under R1.4 million.”

Besides having immense appeal for the buy-to-live market, Protea Heights also holds potential for the investor buyer wishing to capitalise on the rental market, says PGP’s MD for the Boland and Overberg regions (incorporating the Northern Suburbs), Annien Borg.  “The suburb’s close proximity to a number of business centres, coupled with the ease of access to public transport, makes it highly sought after by young professionals,” she says, “so it’s no surprise that it has a large tenant base.  There is also huge appeal for the student market, given the close proximity to the University of Stellenbosch.  Rentals units in Protea Heights can fetch anything from R3000 per month for a one-bedroomed apartment or over R4200 per month for a two-bedroomed apartment.  Rentals for a three bedroomed townhouse would typically range between R5500 and R6500 per month, while a three-bedroomed family home with double garage can attract rental income of R6500 to R7500 per month.”

Brackenfell is often described as the Gateway to the Winelands, and residents of Protea Heights enjoy very easy access to the leading farms of Paarl, Franschhoek, Wellington and Stellenbosch, as well as the Durbanville and Kuils River wine farms even closer to their front door.  Other convenient amenities include major shopping facilities at Cape Gate Mall, Fairbridge Mall and Brackenfell Hypermarket, as well as private medical care at the Cape Gate Medi-Clinic.  The area also offers access to a number of quality schools, including Brackenfell Primary and High Schools, the parallel medium Bastion Primary, and the Paarl School for children with special needs.  A new addition to the offering this year (2012) is the Destinatus school, currently in the process of registering as a private, dual-medium Christian primary school.  The school offers classes from Grades Pre-R to Five, and intends expanding to offer Grade 6 from 2013.  

  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