Find excellent property value, retention and growth in Southern Suburbs area of Newlands
Category Property news
Located at the foot of Table Mountain, Newlands is arguably one of Cape Town’s most historic areas and is famous for its lush forest atmosphere. This is understandable given that it is South Africa’s wettest suburb boasting incredible winter rainfall juxtaposed with glorious summer sunshine. The high water table has allowed Newlands to remain lush during water restrictions.
Mike Greeff CEO of Greeff Christie’s International Real Estate highlighted that “Newlands is an area of great promise and has delivered some amazing results in sales in recent years. An added plus are the various recreational establishments available to visit. With beautiful, heritage properties showcased in the area, if you’re thinking of buying, Newlands does not disappoint.”
Newlands is dissected by Main Street which meanders through its verdant corridors that showcase stunning homes on both embankments. It is home to a number of prestigious schools, including the oldest school in the country, South African College Schools (SACS) Junior and High Schools, Westerford and Sans Souci Girls High. Newlands is also bordered by The University of Cape Town which is one of the most prestigious institutes of higher learning in Africa. Newlands is steeped in history and that is reflected by the large number of historical sites and heritage site properties. Newlands is also where the very first settlers in the Cape chose to set up shop.
Newlands is the heart of the Southern Suburbs with every facet of life and lifestyle catered to. Prime office space in the area is highly sought after due to the magnificent Table Mountain views and easy access along the M3 highway into Cape Town city while the residential properties have some of the highest values in Cape Town. This prime real estate value is a key driver for the high demand for rental, purchase and investment property in Newlands. Newlands is centrally located and if you drive via the M3 highway you are only 10km away from Cape Town city bowl. A 9km drive will get you to the start of the Constantia wine route and 18km will get you to False Bay.
Property values in Newlands are predictably good with an average selling price of around R7 077 753. This marks a 7% increase in price in two years. Property in the area changes hands quickly with homes spending an average of 59 days on market. Notable sales in the area include The Old Brewery, a remarkable residential home of staggering proportions and an interior designer’s dream home, both sold by Greeff.
Newlands Area Specialist Donna Norgarb of Greeff Christie’s International Real Estate says, “Purchasing a property in Newlands allows for parents with scholars to be surrounded by arguably the best schools in the country. It allows for the family of two, four or more to have in its immediate surroundings some of the best local eateries, gardens and walking trails. While properties in the area offer excellent value and price retention while growing in value at an exceptional pace. In 2018, property values have increased by 7% and show no signs of slowing down.”
Newlands has something for the sports fans too. Not only is Newlands home to the internationally recognised Sport Science Institute it is also the location of DHL Newlands stadium. This hallowed arena is the 2nd oldest rugby stadium in the world and was built in 1890. It is currently the home ground of the Stormers Rugby Franchise. The Newlands cricket ground alongside it, was erected 2 years earlier and is the home turf of the Cape Cobras. Another landmark in the area is also the Newlands Brewery which is just down the road and is the oldest brewery in the country.
Newlands is one of the most beautiful, historic and vibrant parts of Cape Town. It is an investor’s dream as property values seem to never stop climbing. This combined with outstanding schools, dream shopping destinations and an evergreen lifestyle is what makes Newlands a firm favourite with everyone that encounters it.
Author: Greeff
