Affordability meets convenience in popular Brackenfell suburbs
Vredekloof and Kleinbron in Cape Town’s Northern Suburbs are proving to be popular choices for a wide range of buyers, from students and young professionals to families and businesspeople.
Located just north of the N1 highway in Brackenfell, the suburbs offer an easy commute to both the Cape Town and Bellville business centres as well as to Paarl and Stellenbosch. Pam Golding Properties reports that they also offer some of the best value for money to be found in the Northern Suburbs, making them particularly appealing to first-time buyers.
PGP’s MD for the Boland and Overberg regions (incorporating the Northern Suburbs), Annien Borg, says the suburbs contain a broad mix of housing options, from apartments in secure complexes to free-standing townhouses, larger family homes and even a few luxury properties. “Vredekloof is the older of the two,” she says, “a well-established residential suburb, popular with families and including several mansions belonging to local business owners. The newer Klein Bron Estate and Klein Bron Park offer the option of living within a 24 hour secure estate, a highly sought-after environment for those living on their own or just starting to raise a young family. The location is extremely convenient – besides the easy access to the N1, the suburbs are just a few kilometres from the Cape Gate Mall and new Cape Gate Medi-Clinic, as well as a Virgin Active gym, Curro private school, and the excellent dual medium Brackenfell Primary and High schools. A new Makro store is also nearing completion nearby, while sports-lovers have easy access to the Kuils River and Durbanville golf courses as well as the Brackenfell sports grounds. The cherry on top is the panoramic views which many homes enjoy, either of Table Mountain or the Boland Mountains, or even both.”
PGP’s area manager for the Northern Suburbs, Maureen Nel , says one can obtain a two-bedroomed apartment in the suburbs from as little as R540 000 to around R650 000, while mid-level family homes can be purchased between R1.1 million and R1.5 million. Larger and more luxurious properties can be priced anywhere from R2 million to around R4 million. “There is strong demand for both freehold and sectional title properties at present,” she says, “especially in the price category from R900 000 to R1.5 million. Over 60 percent of our buyers are aged below 50, a strong indication of the growing popularity of this area with first-time buyers and younger families. Another key source of interest is from parents of students, or even postgraduate students themselves, wanting a safe, decent home with easy access to the Stellenbosch campus, just 17km away. The student market also helps drive the demand for rentals, which are in strong demand across all price ranges, from apartments at around R4200 per month to luxury homes leasing for over R20 000 per month. The strength of this rental market also makes Vredekloof and Kleinbron very attractive options for the buy-to-let investor.”
Nel says the suburbs have offered good return on investment over the past decade. “For example in Klein Bron Estate,” she says, “a plot bought in 2003 for R220 000 was sold in 2005 for R640 000. The new owner then built a 450sqm house on the property, which is now on the market at R3.6 million. Another plot bought for R175 000 in 2002 was re-sold four years later for R950 000. It too was developed with a substantial house, and is now on the market at R3.5 million. In Vredekloof, a large family house bought for R560 000 in 2004, was re-sold last year (2011) for R1.8 million, while a substantial home purchased in 2006 for R995 000 was re-sold earlier this year (2012) for R1.84 million.”
Borg adds that the market in these suburbs is very active at present. Vredekloof and Vredekloof Heights jointly saw a total of 68 properties change hands last year (2011), and Kleinbron a further 39 (including freehold and sectional titles sales, across all agencies). “Those are substantial figures for a relatively small geographic area,” she says, “proving the importance of good value for money and affordability in the current economic climate.”