select
|

Blackheath’s first secured village

Due to lack of supply within the affordable housing sector, more and more developments have been built to meet this growing demand, says Charles Louw, Broker/Manager of RE/MAX Property Associates, whose office is situated in Brackenfell, Western Cape.



He notes that buyers have been particularly interested in areas such as Blackheath, which is regarded as one of Cape Town’s north eastern suburbs. “There has definitely been a growing demand within this area and a request for affordable housing options from buyers looking to purchase here. The demand for properties between R400 000 and R600 000 is literally increasing on a monthly basis in the Blackheath area, and as a result there have been a fair number of developments that have recently been built in the area and the surrounding suburbs to cater to this section of the market,” says Louw.

He points out that one such development in Blackheath is Greenfields Village, which is the only security village in the area, making it extremely sought-after among buyers.  “With the decline of second hand properties available to buyers, new developments such as Greenfields Village have seen great success over the past few months. The development’s security features have also greatly added to its allure, with many property buying decisions driven by a property’s safety elements,” says Louw.

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that for many home buyers in South Africa, security has become one of the main influencing factors when deciding which home to purchase. “South African home buyers are among the most security conscious people in the world, which is why property within secure estates or complexes are generally sought-after and have a greater return on investment,” says Goslett.

Aside from the security aspects of the development such as an electric fence, armed response and an access-controlled entrance, the development’s features a children’s playground, garden services for all owners, public open spaces and maintenance of sprinkler systems. The development is also within proximity to amenities such as schools, shopping centres and transport routes. “The concept of the development is geared towards a family lifestyle and building a sense of community, where neighbours feel like neighbours and not like distant strangers,” says Louw.

He notes that the Greenfields Village has 93 houses with three plans for buyers to choose from in two and three-bedroom formats. An entry-level 50m2, two-bedroom unit will cost from around R445 000, while a 60m2, three-bedroom unit will cost from around R499 000 and a 70m2, three-bedroom unit will cost from R559 000 upwards. Louw says that in order for buyers to qualify for finance within these price brackets, they would have to earn a basic salary starting at around R14 000. “So far, the sales in the village have been very successful and there are only 38 houses left, which proves how much demand there is,” he says.

According to Louw, some of Blackheath’s surrounding suburbs also offer purchasers some affordable buying options such as Dennemere, where two-bedroom homes cost around R460 000 and three-bedroom homes sell at around R510 000.  He notes that slightly more expensive homes can be found in areas such as Austinville and Gaylee, where homes would on average, sell in the R650 000region. 

“Given the current market conditions, it is an excellent time to buy, and with strong demand in this sector of the housing market, these homes are likely to see a good return on investment in the future,” Louw concludes.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 16 Jan 2018
      The start of the new year is symbolic of new beginnings. A good time to take stock of one’s possessions as well as how necessary they actually are. However, seeing as the process may appear daunting – a plan goes a long way.
    • 16 Jan 2018
      The Western Cape is still in the throes of a severe drought and many households have to adjust the way they use and save water. It is a little more complicated in sectional title schemes, however, as it is not that easy to implement grey water systems for multiple users and it is also difficult to monitor water usage accurately if there are no separate water meters
    • 15 Jan 2018
      In ideal rental situations, when a lease is signed the tenant will stay for the full duration of his lease without any complications and the landlord will uphold his obligations, creating a win-win situation for tenant and landlord.
    • 15 Jan 2018
      The Atlantic Seaboard’s housing market has stoically withstood the brunt of the growing economic and political instability, consistently achieving double digit growth way above the national average, however, in 2017 South Africa’s most resilient market finally began to yield to the pressure.
    • 15 Jan 2018
      Sectional title insurance can be a little confusing and, as a new owner, you may be tempted to just assume your body corporate has you covered. While this may be the case, understanding the extent of your coverage and your personal liability is the only guaranteed way to protect yourself against potentially costly oversights.
    • 12 Jan 2018
      After an exceptionally good 2016 during which the Winelands residential market outperformed the national average by a considerable margin, 2017 was marked by a difficult winter which saw a notable slump in sales and demand.
    • 12 Jan 2018
      Small spaces can make a big impact. Irrespective of size, an aesthetically pleasing outdoor space can be a major selling point for prospective buyers. “Even if the outdoor area is small and only enough to sit and have a cup of coffee, it might just be the feature that makes the stand out from others in the neighbourhood,” says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 12 Jan 2018
      The boom of the digital age has opened up many doors to the way we buy and sell property. In the past we used to pop out and pick up the latest copy of the property magazines available, today we switch on the PC or grab our smart phones as online property portals & Facebook has become the new ‘go-to’ for anything, including shopping for your new home from the comfort of your couch.
        
    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