Property in Milnerton From R400k

EmailEmail Print Share

09 Jan 2013

Property in Milnerton is almost equally divided between sectional title units and freestanding homes.

This apartment offers two bedrooms, one bathroom, built-in cupboards and an entertainment balcony. It is priced at R895 000 - click here to view.

This is according to Adrian Goslett, CEO of RE/MAX of Southern Africa, who says Lightstone data shows that 1 145 out of the total 2 033 properties in the Milnerton area are freehold homes.

As an established family suburb, with around 36 percent of its current homeowners aged between 50 and 64 years old, it is not surprising to see that 41 percent of Milnerton’s residents have lived in their homes for 11 years or more. 

The majority of recent buyers have been aged between 36 and 49 years of age, while around 34 percent of recent sellers have been pensioners of 65 years old or more. 

During 2012 the average house price in Milnerton was set around R1.95 million, while sectional title property was priced at an average of just over R722 000. 

This family home offers three bedrooms, one bathroom and an outside flatlet. It is on the market for R995 000 - click here to view.

Goslett says the strongest demand for property is for sectional title homes that are priced between R400 000 and R800 000, as is evidenced by the fact that 68 percent of all sectional title transactions between December 2011 and November 2012 have fallen into that price bracket. 

The strongest demand for freehold homes fell into the R1.5million to R3 million price categories, in which 67 percent of all freehold sales took place between December 2011 and November 2012. 

Overall, 41 percent of all property sales between December 2011 and November 2012 fell into the R400 000 to R800 000 price bracket, while 30 percent of sales occurred in the

R1.5 million to R3 million category and 24 percent fell within the R800 000 to R1.5 million price bracket. 

Named after South African High Commissioner Lord Alfred Milner, the suburb of Milnerton was founded in 1897 and is one of the oldest suburbs in the northern Table Bay area. 

Since the railway lines were installed in the early 20th century, the suburb has developed quickly into a popular and sought-after residential neighbourhood with a range of properties for a variety of buyers. 

Situated just north of the Cape Town CBD, Milnerton offers its residents amazing views of Table Mountain across the ocean, as well as a beach and lagoon which are popular among watersports enthusiasts. It also offers a golf course among other amenities - from shops and schools to medical facilities and more.  

Similar Articles

For Gauteng home buyers seeking a central location,...

Lifestyle farms tucked away in the Western Cape’s Ceres...

Located between Cape Town and Cape Point, Hout Bay offers...

View all articles

Top Articles

Renovations can boost your property's value and ensure you...

A new 148-room City Lodge Hotel has opened at Newtown...

For Gauteng home buyers seeking a central location,...

View all articles
Top Articles
07 Feb 2016
Lifestyle farms tucked away in the Western Cape’s Ceres area offer buyer...
06 Feb 2016
Located between Cape Town and Cape Point, Hout Bay offers investors a wi...
05 Feb 2016
Are you a sophisticated, modern professional ready to get a foothold in ...
05 Feb 2016
Comprising 2 000sqm and 29 shops, Blouberg Mall in Kareedouw in the East...
05 Feb 2016
Fine & Country Zimbabwe recently opened a new office in Borrowdale, an u...
Get the latest property news.
Select your options:

Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.

For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.

Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724