select
|

Broad demand for Newlands property

The suburb of Newlands in Cape Town’s Southern Suburbs continues to attract broad demand from a variety of buyers. 


This six-bedroomed home occupies an unusually large plot of 1880sqm, in a prime position in Fernwood, Newlands. The property has subdivision and dual living potential, but is also ideal for an extended family or those who entertain frequently

The area’s central location with easy access to the city, airport, beaches and amenities, as well as its proximity to the Claremont business and shopping hub, are among its key appealing features. Another strong driver of demand is the educational environment, with the suburb being well-placed for access to several leading schools as well as the University of Cape Town. The beautiful natural environment, including large trees, Kirstenbosch Botanical Gardens and Newlands Forest, rounds off the picture of an ideal environment for a growing family, student or executive.

Pam Golding Properties (PGP) reports that nearly 100 residential sales have already been registered in the suburb in 2013, at an average price of around R4 million for (source = Propstats; full title and sectional titles sales across all agencies). PGP concluded 17 of these deals, to a total value of well over R70 million, and at an average price of R5.1 million. PGP’s sales included several top-end properties, two of which sold for R9 million or more. 


A deep undercover patio overlooks the garden, which has a large swimming pool and a river running through it. The home has excellent security, double staff accommodation and mountain views. It is on the market exclusively through Pam Golding Properties, priced at R8.49 million.

Agents Heather Turner and Vickie Francis say demand emanates from a number of sectors, including those seeking spacious homes and gardens for family use, as well as parents and investors buying residential properties to let. “Townhouses have also proved popular,” say the agents, “as well as vacant land and older homes that can be extensively renovated and modernised. The most popular price range at present is homes priced between R3.5 million and R4.5 million, and homes in this bracket are moving fast – for example, in May (2013) we sold a three-bedroomed home in King Street at the full asking price of R4.5 million, on the very first day of listing, while another property in Moss Street was sold within three days of listing, at 94 percent of the asking price (sold for R3.9 million). As a result of the high number of sales and strong demand, we are currently experiencing a general shortage of stock in the Newlands area. There are definitely more buyers than sellers in this area at present.


Also located in Hiddingh, this five bedroomed double-storey home occupies an erf of just over 800sqm. Open plan living areas flow out to an under-cover patio overlooking the garden and pool. The property is on the market through Pam Golding Properties, priced at R7.2 million.

Entry level pricing in Newlands currently stands at around R2.5 million for a small lock-up-and-go home, while a mid-level family home costs around R4.5 million. Top end luxury properties, particularly those located in small secure estates, can fetch R8 million and more.


This character-filled home in the heart of Hiddingh, Newlands is on the market exclusively through Pam Golding Properties, priced at R.4 5 million. Occupying an erf of 901sqm, the home has four bedrooms, a farm-style eat-in kitchen, pool and double garage.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 20 Feb 2018
      Owning a home is a milestone that most South Africans aspire to. Becoming a homeowner is a step towards growing personal wealth and owning an asset that appreciates in value over time, provided of course that the correct principles are applied during the buying stage of the process, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Feb 2018
      The suburb of Greenstone in Johannesburg east came to be over the last two decades. “In the beginning, it was literally just a hill with not so much as a shopping centre,” says Michael Levy, Property Consultant at Jawitz Properties Bedfordview. Today it has plenty shopping facilities and is fully built, boasting high-density, upmarket housing and residential estates, though still has a few pockets poised for commercial development.
    • 20 Feb 2018
      A major shift in the ageing paradigm has precipitated an equally dramatic transformation in the retirement sector, with modern accommodation options worlds away from the conventional model.
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
    • 19 Feb 2018
      Situated approximately halfway between Johannesburg and Pretoria, Midrand was established in 1981 and forms part of the City of Johannesburg Metropolitan Municipality. It has become one of the major business hubs in the country with major pharmaceutical, textile, telecommunication and motoring giants situated within its boundaries.
    • 19 Feb 2018
      The PayProp Rental Index Annual Review of 2017 shows that the rental market suffered from much volatility during the year. It kicked off with rental growth spiking in January with weighted year-on-year growth (YoY) growth peaking at 8.3% before dropping to 6.34% in July, dipping down to less than 5% in November and then experiencing a slight uptick at 5.75% in December.
    • 19 Feb 2018
      While most homes in cluster complexes, estates and other gated communities come with at least one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK