New Blouberg development meets demand for secure living
The Blouberg region on the Cape’s Western Seaboard stretches from Milnerton to Mamre and boasts some of the best views across Table Bay to Table Mountain.
Boasting around 48 kilometres of sandy white beaches, all of which enjoy views of the spectacular natural scenery including Devil´s Peak, Table Mountain and Lion’s Head and Robben Island, the Blouberg region is one of the fastest growing areas in the Western Cape.
This is according to Caron Leslie, Broker/Owner of RE/MAX Property Associates, whose office services the area. She says an array of medical facilities, shopping centres, restaurants and good schools are all close by, which is one of the reasons, she believes, the area continues to attract a strong demand from buyers looking for a peaceful suburban lifestyle that is close to big city attractions and amenities.
Situated about 25km north of Cape Town CBD, this region is considered to be the gateway to the Cape West Coast. One of the area’s residential suburbs, Bloubergrant, which is often confused with its northerly neighbouring suburb Bloubergstrand, is home to a new sectional title development, which Leslie says will help ease some of the demand for this kind of property in the area.
Leslie says that property here is made up mostly of freehold homes, with only around 22% of all property in the suburb sectional title units. She says that 90% of property sales that took place between December 2011 and November 2012 were sectional title units priced between R400 000 and R800 000, according to property data and statistics provider, Lightstone.
“The buyers mix in Bloubergrant is predominantly young families and up-and-coming executives. Approximately 50% of recent buyers in the area were aged between 36 and 49 years old, while close on 36% of recent buyers were aged between 18 and 35 years old,” says Leslie.
Leslie adds that with a limited number of sectional title units in the area, and with secure living a priority for majority of homebuyers, well-priced homes in secure developments remain sought-after and are in high demand on Cape Town’s Western Seaboard.
One of the latest secure sectional title offerings in Bloubergrant is ’68 On Coral’, a new and exclusive 13-unit development which RE/MAX Property Associates is currently marketing. Situated in Coral Road, parallel to Marine Drive, the double-storey building will offer 13 one-bedroom apartments within a secure environment that includes electric perimeter fencing and access control. The units are extremely competitively priced between R459 000 and R512 000.
Adrian Goslett, CEO of RE/MAX of Southern Africa, says that competitively priced properties in secure developments are in high demand around the country. “The continued demand for these kinds of properties will often translate into solid investment returns for buyers over the long term.”
RE/MAX Property Associates’ development specialist in the area, Ivan Swart, says this development presents an ideal opportunity for first-time buyers to secure a foothold in the property market. “This development is ideally suited to single professionals or young couples wanting to own a home in a secure environment, with minimal maintenance worries,” he says. “It is centrally located within easy reach of numerous shops, restaurants and recreational facilities, and is an easy walk from the beautiful Blouberg beachfront. It is also less than 500m from the My Citi Bus connection linking Blouberg with the Cape Town CBD – making this an ideal location for those wishing to commute into town for work. There is ample open-air parking assigned to all of the apartments, with an option to purchase enclosed garages at additional cost.”
Swart says ‘68 on Coral’ will offer its residents a comfortable and convenient modern lifestyle at a very competitive price compared to other one-bedroom units on the market in the same area. “This could also be a good buy for empty-nesters or those wishing to downscale for retirement into a smaller and easy-to-manage home. Retirement buyers in particular will appreciate its proximity to the new Blouberg Netcare hospital. One of these apartments would also be an ideal investment property or a holiday pad for up-country buyers,” he says.
Occupation is anticipated by May/June 2013, with transfer expected to take place in July 2013.