Young buyers drive demand in lower Claremont

The suburbs of Lower Claremont and Lynfrae, located in Cape Town’s Southern Suburbs to the east of Main Road, are enjoying strong demand from buyers seeking affordable family homes in a convenient location. 

Pam Golding Properties (PGP) reports that well-priced homes are currently selling within a month of listing, to buyers including mainly young professionals, newly married couples, young families and single parents. 

PGP agents Annabelle Bennett and Mary Davidson say property options in the suburbs include a mix of solidly-built family homes, secure villages and a few apartments. They add that the area tends to experience a fairly high turnover of homes: “The typical plot size in this area is around 500sqm, sometimes even larger, which is more than adequate for most young up-and-coming professionals or those with young children. But as their careers improve and their children grow older and need more space, many of them upgrade to larger properties in neighbouring areas. The result is a fairly regular supply of homes on the market, coupled with sustained high levels of demand.”

Affordable pricing is one of the key factors driving demand in these suburbs. In Lower Claremont one can still obtain a two-bedroomed cottage for under R1.5 million, or a basic three-bedroomed house for under R2 million. Larger family homes tend to cost from R2.2 million upwards, with top-end properties fetching R3 million and more. Lynfrae is a little pricier, with the entry level standing at around R2.2 million for a home in need of some renovation. An average family home will cost between R2.8 million and R3 million, while larger homes with ample parking and more luxury features can fetch between R3.5 million and R4.5 million.

Bennett says these pricing levels are highly competitive, especially when one considers the convenient location of the suburbs. “This is a central location that provides easy access to major transport networks, and is just 15 minutes’ drive from the city and the airport,” she says. “It has a strong sense of community and a number of play-parks for children, including the well-known Choo-Choo Park which contains the only example of an historic Brooks locomotive anywhere in South Africa. The suburbs are also close to a number of popular sporting facilities such as Newlands cricket and rugby grounds, Western Province Cricket Club and Villagers’ Rugby. They are well placed for leading private and government schools, such as Rondebosch, Cedar House, Groote Schuur, Bishops, Claremont Primary and Livingstone High. Excellent private medical care is available close by at the Life Claremont/Kingsbury hospital cluster, while there are numerous doctors’ practices located along Belvedere Road. The cherry on top is an excellent selection of local small shopping centres, including Palmyra Junction and Belvedere Square, as well as easy access to larger malls such as Kenilworth Centre and Cavendish Square.”

Davidson says a number of owners are currently renovating their homes, either to meet their own lifestyle needs or with a view to selling in the near future. “We are also receiving ongoing requests to conduct valuations for owners who are contemplating selling,” she says. “There certainly seems to be a sense that the market is shifting towards a positive trend.”

Local sentiment also appears to be positive around the possible re-zoning of Belvedere Road. City council is busy considering whether to re-zone the stretch from Lansdowne Road to Clare Park Avenue for business use, thereby consolidating local businesses into a single area. Bennett says a confirmed decision on the matter should improve buyer sentiment around this stretch, which buyers are currently avoiding due to uncertainty about its future. 

Among the homes currently for sale exclusively through PGP in Lower Claremont is a three-bedroomed semi-detached Victorian home which has been beautifully modernised for family living. Occupying an erf of 450sqm, the property has numerous original features such as high pressed ceilings, wooden strips floors and sash windows. The home has two covered parking bays, secured behind automated gates, as well as a plunge pool. It is on the market at R3.2 million.

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