Why the Southfield area is booming
Category Property news
Southfield, conveniently located along the M5 is of late becoming increasingly sought-after by property buyers. The Southfield area has a number of benefits that are proving to be the influential forces behind the area’s recent climb up the property popularity ranks.
Mike Greeff CEO of Greeff Christie’s International Real Estate shared his thoughts on the gem that is Southfield. “Southfield has shown tremendous growth in the past few years and is becoming one of the more sought-after areas in the South-east Suburbs. While the area is located amongst some of the oldest suburbs of Cape Town, there is an increasingly younger market moving in. Young professionals that are looking to put down roots should be very excited at the rate at which Southfield is growing and developing.”
First-time home owners will be able to find spacious property that won’t destroy the budget. Prices range between R1.6 million to R3 million for 3-bedroom homes. More impressive though is the average erf size which ranges from 500m2 to 550m2. This leaves plenty of room for extensions and renovations that are bound to occur as the potential party of two becomes a family of four. With a number of popular schools and extra-curricular activity centres nearby the Southfield area has something for kids of all ages.
While house prices vary, average prices in the area saw buyers paying only R 1 569 833 for all properties including sectional title over the last year. Selling prices were averaged at only 3.7% less than the original asking price. All of this contributes to property having spent a mere 26 days on market before being snapped up, this according to Propstats statistics for the last 12 months.
A twenty-minute drive will get you to work in the City Centre and ten to fifteen minutes in the opposite direction will get you to the sun, sand and surf of Muizenberg beach. Southfield is minutes away from a number of shopping destinations as well as primary and tertiary institutes. This in turn makes Southfield an ideal spot for buyers that work in the City Centre but want a quiet piece of suburbia to call home.
Southfield features some very handy local amenities including, doctors, vets, convenience stores and fast food outlets. Travel by train is also a viable transport option as the Southern line is within minutes of the greater Southfield area.
For more information, click here or contact Greeff agent Jordan Beya on 078 346 2995.
Author: Greeff
