D’Ambrosio Developers, a well-known property developer on Cape Town’s Western Seaboard, has released an exciting new apartment development in Table View.
To be named San Andrea, this new residential development lies between the established suburb of Table View, Flamingo Vlei and iconic Blouberg Beachfront.
Residents of San Andrea will find themselves within easy walking distance of a selection of retail centres, restaurants, gyms, schools, and the MyCiti bus route.
San Andrea will have 24 units in five different styles, ranging in size from 40,5m2 to 66,9m2. The apartments in San Andrea comprises studios, one bedroom and two bedroom units, with one large bathroom in each and balconies with built in braais.
These modern apartments are designed to maximise on living space. They all feature open plan living areas, modern kitchens with engineered stone tops as well as a built-in ovens and hobs, plus space for an additional appliance. All the apartments are immaculately designed and are equipped with a high quality standard of finishes.
Some thought has been given to lifestyle additions for residents, such as a small play park within the complex, strict security with access controlled gates and electric fencing, and all units will be fibre ready. In addition, all the apartments come with secure undercover parking and embrace green technology.
Prices of units in San Andrea range from R995 000 to R1 365 000, with no transfer duty or transfer fees. Only R30 000 deposit to secure your apartment and bond fees (if applicable) is payable. There is also an option to purchase a storeroom at an additional cost.
Prices for units here are very competitive, says Nelio Mendes, SAProperty.com’s Western Seaboard property practitioner, and considering it’s a buyer’s market right now and the interest rates are at an all-time low, it would be the ideal time to consider stepping into property ownership.
Estimated completion of the San Andrea development is aimed for the second quarter of 2021. Astute buyers will do well to secure the off-plan price offered now, says Mendes.
Property statistics in this area, according to Lightstone, show that sectional title prices have increased steadily year on year, and have risen from a median price of R742 000 in 2010 to R1 495 000 in 2020.
“One thing is for certain, that no matter how unpredictable many things are right now, we all need a place to live, and if you are able to afford a certain amount each month towards accommodation, rather put it into a bond, than rent and pay off someone else’s bond. If you own your own property, you are creating some security for the future for yourself,” he said.