Parklands North leads upsurge in Parklands sales

Quite often in the residential property world an area will suddenly blossom and gain a new image, become sought after and see significant year-on-year price rises. Frequently, adds Mike Abrahamse, co-franchisee for the Rawson Property Group’s Parklands franchise, this new popularity takes place without the analysts and trend watchers initially being aware of it.

This, said Abrahamse, is exactly what is now happening at Parklands, the Cape Town suburb located 20 km north of the city on the West Coast.

?3 Bedroom House for sale in Parklands

“For a long time,” said Abrahamse, “Parklands was seen as the little sister of Blaauwberg but now it has come of age and is rivalling Blaauwberg on many fronts.”

This change, said Abrahamse, is largely attributable to Parklands North, the newly developed precinct west of the new Sandown Road which, he said, is already proving a huge blessing to local residents and is already much in use.

“In Parklands North,” said Abrahamse, “the Rawson team is now selling plot and plan packages at a rate equal to the period before the collapse of 2008. Many of those packages are priced above R3,5 million. The range of opportunities here, however, is so good and so diverse that it is possible to buy a plot and plan home for as little as R600,000 in the same precinct.”

Even more surprising to some, however, said Abrahamse, has been that Rita Venter who is specialising in plot and plan selling,  has recently sold a plot and plan package priced at R5 million – and the team has since been negotiating a similar sale at R5,4 million.

The popularity of Parklands North, said Abrahamse, is largely due to the developers, Aska, whose vision and concept it was to create many parks and green belts in their initial conceptualisation for the area and who are now selling plots at a rate of 30 per month.

“It is now clear,” said Abrahamse, “that plot and plan is back in favour and, if anything, more popular than it was previously.”

One of the benefits of buying a plot and plan home is that your costs of purchase are drastically reduced because the transfer duty is payable only on the plot and not the total of the plot and the house itself. Should the price of the plot be R600,000 or less, then of course no transfer duty is payable.

“It is the excellent value for money that is drawing many buyers to the area and the plot and plan concept,” Abrahamse said. “Furthermore, buyers are given the chance to be involved in design changes, colour schemes, the choice of finishes and similar variables. It also has to be stressed that the finishes, layouts and landscaping available are all excellent – as good as I have ever seen.”

Plots of 325 m2 are selling at around R450,000 and plots measuring 700 m2 can be bought for around R700,000. 

Those wishing to build for themselves, said Abrahamse, can do so, but they will probably find it difficult to match the value given by some of the developers.

Although Parklands North is blazing a trail all on its own, the whole of Parklands, added Abrahamse, is proving extremely popular at the moment. Among the reasons for this, he said, are that it has several good schools, state-of-the-art sports facilities and several large shopping centres such as the Sandown Retail Crossing - home of Checkers Hyper. The latest of these, the Sandown Centre, he said, reputedly houses the biggest and most modern Fruit and Veg City store in South Africa.

“Whether buying to live in yourself or to rent out as an investment, now is the time to get in at Parklands because value of the kind that this area is offering is exceptional in today’s market.”

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