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 she believes is one of the reasons 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 25 kilometres north of Cape Town CBD, the 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, set to help ease some of the demand for this kind of property in the area.
Leslie says the property market is made up mostly of freehold homes, with only 22 percent being sectional title units. According to property data and statistics provider, Lightstone, 90 percent of sales that took place between December 2011 and November 2012 were sectional title units priced between R400 000 and R800 000.
“The buyers mix in Bloubergrant is predominantly young families and up-and-coming executives.
“Approximately 50 percent of recent buyers in the area were aged between 36 and 49 years old, while 36 percent were aged between 18 and 35 years old,” says Leslie.
Leslie notes that with a limited number of sectional title units in the area and with secure living a priority for majority of home buyers, 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 is 68 On Coral, an exclusive 13 unit development which RE/MAX Property Associates is marketing.
Located on Coral Road, parallel to Marine Drive, the double-storey building offers 13 one bedroom apartments, priced between R459 000 and R512 000, set in a secure environment that includes electric perimeter fencing and access control.
Adrian Goslett, CEO of RE/MAX of Southern Africa says 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 within walking distance of the Blouberg beachfront and less than 500 metres from the My Citi Bus connection linking Blouberg with the Cape Town CBD, which makes it an ideal location for those wishing to commute into town for work.
There is ample open-air parking assigned to the apartments, with an option to purchase enclosed garages at additional cost. Swart says 68 on Coral will offer residents a convenient modern lifestyle at a 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."He says retirement buyers in particular will appreciate its proximity to the new Blouberg Netcare hospital and the apartments would be an ideal investment property or a holiday flat for up-country buyers.
Occupation is anticipated by May/June 2013, with transfer expected to take place in July 2013.
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