Burgeoning demand for residential property in the Southern Suburbs in recent years has spurred densification in the most sought-after areas like Claremont and Kenilworth Upper, where compact upmarket gated developments are becoming an increasingly common feature on the property landscape.
“The demand for these properties has been further driven by the growing appeal of low maintenance living coupled with the need for high levels of security which these gated estates offer,” says Ruth Leach, Area Specialist for Lew Geffen Sotheby’s International Realty.
“These suburbs are especially attractive to investors as they offer residents a multitude of appeal factors that few other areas can match.
“Over and above the excellent investment potential, everything they could possibly need is virtually on their doorsteps; from a choice of top-class retail centres, popular eateries and first- rate medical facilities to a variety of outdoor activities and sports facilities.
“Families are especially drawn by the close proximity of several of the country’s top schools and the University of Cape Town as well as the tranquil atmosphere of these established suburbs.”
She adds that the area’s desirability is clearly evidenced by Lightstone data which reveals that in Kenilworth Upper, 41% of home owners have owned their properties for more than 11 years whilst 34% bought within the last five years and in Claremont Upper, 42% and 26% respectively.
“There is still considerable growth, especially in Kenilworth upper where ongoing upgrades include commercial expansion with the addition of new Woolworths, Pick N Pay, Vida Café, Bootleggers and Sorbet stores.
Partner Area Specialist, Anne Goddard, says that despite the market downturn, residential development has also continued in the suburb.
“Almost due for completion, Salisbury Mews is very nearly sold out and work has already begun on the latest offering, Robinson Mews, an exclusive yet well-priced development comprising only six luxury double storey townhouses designed with privacy and style in mind.
“Featuring modern, open plan living with clean lines and beautiful finishes, these stunning new homes offer the discerning buyer a lifestyle of ease and simplicity which will be especially attractive to young couples, working professionals and empty nesters or retirees.
“State-of-the-art security includes electric fencing, security cameras, aiphone with camera recognition, security beams, Infra-red internal alarm system.”
Among the carefully chosen finishes are solid engineered wooden floors, Hans Grohe bathroom fittings, Smeg ovens and high gloss soft-close kitchen fittings. Each unit also has a double automated garage and a heat pump with an integrated geyser.
Leach says that buying off plan has become increasingly popular as many buyers welcome the opportunity to work hand-in-hand with the architect to put their own personal stamps on brand new homes with a selection of finishes and fittings from which to choose as well as options to customise or upgrade.
Due for completion mid-2021 with two units already sold, Robinson Mews is marketed by Lew Geffen Sotheby’s International Realty and units are priced between R 5 490 000 and R 5 990 000 (including vat, no transfer duties).
