Best Growth and Investment Potential in Housing Estates
Category Expert Insight
The rise of the "estate" as a luxury property trend in Cape Town has been substantial.
The Western Cape is known for its fantastic Mediterranean weather and surreal landscapes, but did you know that the Cape Town metro attracts the most extraordinary average growth in housing estates?
The Seeff Property Group reports that these properties achieve higher average selling prices, and they're not alone. There is an increasing number among local neighbourhoods who mimic this approach.
Reasons Why Local Neighbourhoods Imitate Estates
- It offers privacy without sacrificing comfort or convenience.
- You can take care of interior design details as everything from lighting fixtures down to flooring choices should already be covered by your budget.
Why You Should Invest in a Cape Housing Estate
- The lifestyle of an estate is often an attraction for many buyers. There is plenty to do on these properties, whether hiking and cycling in open spaces or taking part in leisure activities such as golfing, tennis, and squash.
- When looking deeper into this market, some great schools offer top-notch education, making them popular among families who want their children appropriately educated before going off to university/college.
Investing in a proper estate can be a profitable and rewarding experience. Seeff has identified outstanding investments within the Western Cape for those looking to get into an increased market with high-class security, leisure amenities on offer, and proximity to urban centers or business hubs.
Cape Estates to Invest in Now
Welgedacht Estate (Cape Town, Northern Suburbs)
Median price R6.4 million
As a Seeff licensee, Fanie Marais says, the estate offers a fabulous lifestyle for locals and semi-migration buyers with quality homes, amenities, and schools. Tygerberg Park, vineyards, and trails (hiking, cycling, horseback riding) are accessible to residents. Prices start at R5.7 million.
Stonehurst Mountain Estate (Cape Town)
Median price R6.2 million
Amenities include a lifestyle center, gym, a lap pool, 5 kilometers worth of trails, golf courses and wine estates to enjoy. Stonehurst also offers many renowned international schools within walking distance.
Applegarth Estate (Hout Bay, Cape Town)
Median price R5 million
Hout Bay is a serene and scenic town located on the Cape coast, drawing people from all over to enjoy its natural beauty. The latest addition in this area of residence is "Applegarth Estate" - an Estate with luxury finished homes with townhouses priced below R5 million.
Author: Gina Meintjes
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