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Brackenfell still offers great value homes, but prices are rising

17 Apr 2019

Over the past 12 months, 47% of all home buyers in Brackenfell in Cape Town’s northern suburbs have been in the 18 to 25 year old age group, with the most popular price bracket for all buyers being R1.5 million to R3 million. Within this bracket, the 304 sales for the past year gave an average price of R1.992 million.

This neat family home in Morgenster, Brackenfell, has four bedrooms, two bathrooms, a spacious outside braai area and large garden, and is close to schools and amenities. It is selling for R1.649 million - click here to view.

Rowan Alexander, Director of the estate agency Alexander Swart Property, says these figures indicate very clearly the trends in Brackenfell. He and his team have regularly discussed the influx of younger buyers attracted to the suburb by good value prices. While home prices have risen steadily year on year for at least the past five years (in the region of 9% to 10 % per annum), younger buyers are quite often able to find employment in Brackenfell because it has become a fast-growing industrial, manufacturing and retail distribution node, due to decentralisation by many Cape businesses.

This three bedroom, one-and-a-half bathroom home in Morgenster, Brackenfell, has a newly-renovated kitchen, flowing living and reception areas, a braai room, pool, boma and more. It is selling for R1.999 million - click here to view.

“Young upwardly mobile buyers of today have understood very clearly that no other Cape Town middle-class suburb offers as good value as Brackenfell. Furthermore, our figures indicate that because the area has had such a complete transformation and is so well provided with schools and facilities, the vast majority of these younger buyers stay in Brackenfell, choosing it as the place in which to upgrade to a bigger, more expensive home,” says Alexander.

This home in Vredekloof, Brackenfell, has three bedrooms, two-and-a-half bathrooms, a solar system, open-plan living areas with a fireplace, borehole, pool and more. It is on the market for R3.399 million - click here to view.

“As a result, 45% of all homeowners in Brackenfell have lived there eleven years or more, and form a stable core in the community today. Most home sales are by the older generation, many between the ages of 50 to 70, as they are usually selling to be able to move on to a retirement property, often much further away from the Cape Town CBD. As a result of Brackenfell’s success, they have in the majority of cases, been able to realise significant profits on their properties.”

This three bedroom, two-and-a-half bathroom townhouse in Morgenster, Brackenfell, has two living areas, a braai and entertainment area leading out to the pool, separate flatlet and more. It is selling for R1.799 million - click here to view.

But is Brackenfell reaching the stage when it will no longer be ‘affordable’?

“We have very definitely not reached that point yet, but with new developments now far fewer than they were in the Brackenfell boom development years - which saw more than 1 000 new homes brought to the market - it has to be recognised that existing properties will be in stronger demand - get in now or you may find it too expensive in a year or two,” says Alexander.

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