Newlands remains in demand

The Cape Town suburb of Newlands continues to be among the most sought-after in the city, particularly for family buyers.  

Pam Golding Properties reports that after a quiet start to the year, sales activity has picked up into the autumn months (April to May 2012).  During this eight week period, PGP’s Newlands agents sold seven properties to a total value of over R26.5 million.  The deals included a notable R8.5 million sale in Upper Fernwood Estate, located above Rhodes Avenue in the most elevated section of Newlands.

PGP’s area manager for the Southern Suburbs, Howard Markham, says of all the varied pockets which make up the suburb of Newlands, Fernwood has been the most consistently  sought-after in the past year or two.  “In fact, of the 55 properties which changed hands in Newlands last year, across all agencies, more than half of the sales were in Fernwood,” he says. (source = Propstats)  “This portion of Newlands adjoins the Table Mountain National Park, and many properties in the upper section have panoramic views – some all the way to False Bay.  Fernwood has seen steady price growth despite the prevailing economic climate, and continues to be among the most popular areas for family buyers in particular, due to its large plots and spacious homes with multiple bedrooms and substantial gardens.”

Of PGP’s seven autumn sales, three were properties located in Fernwood, one of them being a home in Upper Fernwood sold for R3.9 million.  The R8.5 million sale in Upper Fernwood Estate was a magnificent contemporary three-bedroomed home with top quality finishes, built just four years ago in Shamrock Street.  It has been purchased by an international buyer.

Other categories of buyers finding a happy home in Newlands include many young professionals and retirees who are drawn to the smaller homes of Newlands Village. However the suburb’s population is dominated by families.  “Newlands has a well-deserved reputation as the ideal home for families,” says PGP’s MD for the Western Cape metro region, Laurie Wener.  “Besides its leafy tree-lined streets and spacious homes, the suburb is also peppered with top schools such as SACS, Westerford and Sans Souci, while other leading names like Herschel and Grove lie within easy reach in neighbouring Claremont.  For those working in the city, there is convenient access via the M3 highway, while for those staying at home, the suburb is dotted with quaint cafes and small shopping centres, offering a range of gourmet delights from artisan cheeses, pastries, wines and meats, to acclaimed restaurants like the Forester’s Arms, Barrister’s, Basilico and De Wijnhuis.  A welcome new addition to the offering will be the Dean-on-Main centre, currently under extensive renovation at the corner of Dean Street and Mains Street, which will include an upmarket clothing boutique, a vida e cafè coffee shop, a gourmet deli and new sushi and Italian restaurants.”

Markham adds that the suburb is also a good choice for sports lovers, being home to the city’s main cricket and rugby stadiums, as well as a large aquatic centre.  “Those who love the outdoors have Newlands Forest on their doorstep to explore, as well as proximity to Kirstenbosch Botanical Gardens and the Liesbeek River,” he says.

With all this on offer, it’s no surprise that PGP’s Newlands agents Vickie Francis and Heather Turner have been kept busy – in fact, they were the company’s top-achieving agents in the Cape Town metropolitan area for the 2011/2012 financial year, securing the top spot in the regional Gold Club awards.

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