Must love Milnerton

Property sales in Milnerton have been buoyant, with older properties proving more popular than newly built homes. “Buyers are realising that renovating an older property here provides a larger financial gain over the long-term, in comparison to buying a smaller, new-build,” says David Adler of Jawitz Properties Milnerton.

Despite the last four years having been more difficult economically, prices have not dipped and Milnerton’s popularity continues as the most affordable beach-front suburb closest to the city centre.

“We see a lot of young professionals in their 30s or 40s, with young children buying older properties that they can modernise to their own specifications. Most of the stands in the area are just under 1000m2, so there is plenty of scope to renovate, and of course it’s always a bonus to have a generously-sized garden for the kids to enjoy,” says Adler.

“These older properties usually have three- to four-bedrooms, two bathrooms and domestic quarters, as well as a double garage, and often, a swimming pool as well.”

The average price for a free-standing home in Milnerton is a little under R2 million, with “golden oldies” that have renovation potential and perhaps have received little attention over the years, commanding prices that start around the  R1.2 million mark.

Once these properties have been renovated and the location within the suburb is taken into account, (such as the incomparable world famous views of Table mountain), homes command prices up to and above R5 million.

Additionally, there are many apartment blocks in the area with some, found on the lagoon, still comprising \their original shell, incorporating space that is not found in the more modern units in Milnerton surrounds such as Royal Ascot and Century City.

“We see a lot of singles, young couples and retirees who are scaling down, seeking a sectional title lifestyle, and we anticipate continuing demand for both sectional title units and free-standing properties.”

Milnerton definitely caters to families who are looking to build their dream home, but, says Francois Venter, Director of Jawitz Properties, the days of buying homes with the expectation of values increasing by 10% or more per annum, are long gone. “While there is potential to renovate and create your ideal space, remember you will only see the value increase some years later, so we would advise that people who settle here keep that in mind.”

Milnerton has a host of amenities on its doorstep from a selection of churches, mosques and synagogues, as well as excellent schools and various regional shopping centres. Additionally, even with peak traffic, the CBD is less than half-an-hour’s drive away, and the MyCITI bus route has added tremendous value to commuters particularly in these times of hiked-up petrol prices.
“Canal Walk Shopping Centre is also close by, as is the Airport, and Milnerton is home to a variety of old-age facilities too, including cottage-living and frail care, and is a safe suburb with an excellent neighbourhood watch and its own police station,” adds Adler.

“Here you will certainly find a central, coastal lifestyle too. The beaches go on for miles and families make good use of them during the summer months and the surfers and kite gliders use them all year round,” concludes Adler.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 20 Mar 2018
      One of the most misunderstood concepts in the process of selling a property is an exclusive or sole mandate.
    • 19 Mar 2018
      If a landlord opts to use a managing agent for the rental of his or her property, the inspection process can be easier as the agent is not emotionally involved and will certainly have concluded an in-depth inspection report in the interests of all parties.
    • 19 Mar 2018
      We all wish we could have the cheat sheet for selling a property – a simple Ctrl+Shift+C code that will magically secure an offer on your home in an instant. Though it is not possible to provide you with this cheat code (sadly, reality does not come with such perks), it is possible to provide you with a list of the most common blunders some of your neighbours have committed in their efforts to sell their homes
    • 19 Mar 2018
      Although property technology is now widely accepted as an established trend, especially in the international real estate arena, the industry has been cautious to advance and smaller markets like South Africa are still hesitantly dipping their toes in the water.
    • 16 Mar 2018
      Strange as it may seem, there is a stock shortage looming now in the luxury sector of the Johannesburg property market, because astute buyers have for the past few months been hurrying to snap up high-end homes being offered at excellent prices.
    • 16 Mar 2018
      No one likes having to claim but having insurance for your household contents is vital, and at the start of a new financial year, homeowners either applying for new household insurance or revising their existing insurance should take a comprehensive inventory of their possessions and keep track of the total value.
    • 15 Mar 2018
      First-time buyers typically need to save for at least three years to afford the deposit on a home, and the VAT and fuel price increases announced in this year’s budget are going to make it even more difficult for them to reach that goal.
    • 15 Mar 2018
      Sea Point shows how developers use these organisations to advance their own interests
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us