An upmarket residential development – The Westridge - aimed primarily at emerging young professionals has been launched in Mitchell’s Plain.
Developers of The Westridge say there are many young professionals from the Mitchell’s Plain area eager to enter the property market, but are struggling to find homes in Mitchell’s Plain that meet their requirements.
Binky Raubenheimer of Douglas Parker Associates – a Cape-based research and business development consultancy - says the results of recent market research surveys reveal that first time home buyers from the area are seeking homes within a reasonable price bracket, but are not willing to compromise on quality and style.
“As a result, first time buyers from Mitchell’s Plain are increasingly opting to purchase in the newer Cape suburbs like Parklands and the Northern Suburbs, disrupting the close family and community networks for which Mitchell’s Plain is renowned,” says Raubenheimer.
Offering unique design elements and quality finishes, The Westridge is designed by architect Gerd Weideman. The development has been designed around each unit being built upon large erven of up to 280 m², allowing young families to renovate and expand as they grow. The Westridge is located within walking distance of various local schools, bus, taxi and train stations and is close to the M7.
In order to encourage a sense of community in The Westridge, developers are limiting the number of investor-purchases and striving for a high percentage of owner-occupied homes. This will curb the ‘turn-over’ of residents that often results from a high proportion rental properties.
Plans for The Westridge also include a commercial element – a shopping centre that will offer residents and surrounding area convenient shopping, lifestyle and recreational facilities.
The Westridge will comprise over 300 two and three bedroom homes, starting at R385 000. Phases 1, 2 and 3 of The Westridge have already sold out, with construction on all three phases having already begun. Sales on Phase 4 will be launching soon.