Families and students seek homes in Loevenstein

The suburb of Loevenstein, located just north of the N1 highway in Cape Town’s Northern Suburbs, is experiencing strong demand for both family homes and student rental accommodation. 

This large family home in Loevenstein is on the market exclusively through Pam Golding Properties, priced at R3.595 million. It has four bedrooms and spacious reception rooms, with excellent flow to the swimming pool. The property also has panoramic views over Cape Town.

Pam Golding Properties (PGP) reports that the area’s convenient location, accessibility and value for money make it a sought-after option for a variety of buyers.

“Loevenstein is one of the best kept secrets of the Northern Suburbs,” say PGP agents Koos van der Merwe and Vivienne Francois. “The suburb lies adjacent to the upmarket area of Welgemoed, on the southern and south-eastern slopes of the Tygerberg Hills. As a result, many properties enjoy magnificent views across Cape Town towards Table Mountain, or towards the mountains of the Overberg region. Some higher-lying homes even have sea views over the entire sweep of False Bay. There is also a broad greenbelt running through the suburb, all the way from the Tygerberg Nature Reserve to the southern boundary of Jip de Jager Road. This area offers lovely play-parks for children and provides a tranquil space for residents to picnic, walk their dogs, cycle or jog.”

Loevenstein contains a wide variety of properties, including family homes on sizable plots, apartments and townhouses, with a mix of modern and traditional styles. An active Residents’ Association contributes to a strong sense of community pride, visible in the suburb’s well-kept verges as well as its regular community events. Prices range from around R400 000 to R900 000 for apartments, R1 million to R2 million for townhouses and clusters, and R1.5 million to R3 million for family homes, depending on their size, location and quality of finishes.  A few exceptional top-end properties are priced up to around R4.5 million.

This Mediterranean-style home in Loevenstein is on the market exclusively through Pam Golding Properties, priced at R2.75 million.  Set on an erf of over 1200sqm, it offers three bedrooms and four reception rooms, as well as a swimming pool.

“As a result of the suburb’s proximity to Tygerberg Hospital, the demand for student rentals is high,” say the agents, “and many homes have flatlets or cottages that are rented out to medical students. A two-bedroomed apartment can fetch around R5000 per month in rental income, so there are definitely opportunities for investors who want to capitalise on this student market. Family homes to rent are also in high demand and low supply, with rentals ranging between R12 000 and R21 000 per month, depending on the number of bedrooms and luxury features.”

At present, the properties in highest demand for purchase are family homes priced between R1.5 million and R3 million, and apartments priced from R800 000 to R900 000. 

This compact home in Loevenstein would be ideal for buyers who are scaling down from a larger property. Situated on a manageable plot in a secure complex, it offers two bedrooms and a single garage.  The property is on the market exclusively through Pam Golding Properties, priced at R1.295 million.

Loevenstein is particularly popular with family buyers wanting access to the excellent local schools, which include Welgemoed Primary and DF Malan High. Securing a foothold in their catchment areas is one of the primary motivations for many buyers - even those whose children are not yet of school-going age. The suburb is also popular with businesspeople working in the Bellville business centre, as well as with medical professionals based at Tygerberg Hospital. It is a viable option for those working in central Cape Town, which is only 20km away and easily accessible via the N1. Other appealing features include the presence of several prominent churches, as well as a number of guest houses and B&B’s catering to the regular business visitors who base themselves in the suburb. It is also conveniently close to the Bellville Golf Course, Welgemoed Tennis Club, Durbanville Wine Route and excellent shopping facilities.

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