Tijgerhof at a glance
A diamond in the rough, what Tijgerhof lacks in modern design and appeal it more than compensates with potential. Situated directly across from Century City, Tijgerhof offers many of the same benefits as Century City, but without the price tag. The location cannot be beat as Tijgerhof is sandwiched between Milnerton Central and Century City with direct access to major arterial roads such as Koeberg Rd and Bosmansdam Rd.
Tijgerhof is an older suburb comprising of 676 Freestanding homes and 442 apartments. Although there are almost as many apartments as houses they do not occupy much physical land space as the apartments are limited to a small handful of complexes that take up vertical space. Majority of the houses offer a decent home size on sizable erfs.
Sales are not as active as other suburbs as homeowners are very content with where they live. This is further evidenced as most of the sales are due to deceased estates and not re-location. 60% of the current homeowners have owned for more than 11 years. A third of the recent sellers owned for less than 5 years which indicates investment activity. This comes as no surprise as the suburb is an excellent investment and offers very good returns on quick re-sales. The reason being that the few properties that come into the market can be picked up at an excellent price, due to the age of the homes and renovations needed (a "fixer upper"). These buyers can afford to invest capital into the property for renovations. This brings the property value in line with the suburb value, which somewhat mirrors the property value of the direct neighboring suburbs, such as Century City and Milnerton.
There has also been a shift towards a younger demographic of buyers within the suburb. Of the long term homeowners only 5% of them are under the age of 35 years old. Whereas the largest group of recent buyers; being 44%; have been Young Adults in that age group. This tells us that the market sees potential for Tijgerhof as young buyers are investing their hard earned money into the suburb.
***Data obtained from Lightstone as at March 2019.