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Buyers shelling out for homes near Western Cape’s top schools

08 Aug 2018

The success of the Cape Town property market is built on a number of pillars such as good governance, a fabulous location, tourism and attractions and excellent schools and universities. Schools in the Western Cape, and in Cape Town in particular, frequently rank among the best performing when it comes to matric results, according to the Seeff Property Group.

This five bedroom, five bathroom home on a large erf in Rondebosch, Cape Town, has various living rooms and a pool. It is on the market for R13.75 million - click here to view.

With pre-schoolers and matriculants heading into the second part of the year, it is that time of year when parents start thinking about schools and universities. Since there is a lot of competition for a good school or university, living close by such an establishment has become sought after.

Traffic pressures and lack of time also makes living close to a good school or university a top priority for many families. According to Samuel Seeff, chairman for the group, buyers will pay a premium of 20% to 40% for a location close to a top-ranked school. Areas close to top schools and universities also tend to fare better during a market downturn.

Seeff says the Cape’s top schools are also a big attraction for semigrating buyers and foreigners from across the continent and globe. A recent Lightstone study shows that more foreigners (predominantly expats) are buying property in the country, and it is interesting that these are centred in areas with top schools, such as Rondebosch, Sea Point, Tamboerskloof, Century City, Sunningdale and Table View.

This modern home in De Wijnlanden Estate in Stellenbosch has four en-suite bedrooms and offers lovely entertainment areas, views and a pool. It is selling for R4.795 million - click here to view.

Seeff says that while there are the popular ‘academic’ belts such as the Southern Suburbs, there are actually good schools located throughout the Cape metro and into the Boland/Winelands area.

There are, for example, international schools in Parklands, Claremont and Hout Bay, a German school in Tamboerskloof and a French school in the CBD with a branch in Sea Point. Other Cape areas that have fared well are home to private schools. These include Century City and so on.

Many areas now have a Curro Private School, or in progress or planned, as far as Langebaan and Hermanus, which has made quality education even more accessible. There are also some planned for the Northern Suburbs around Durbanville and more, which will further boost the desirability of Cape Town for families.

This unique mountain lodge-style home in Newlands, Cape Town, has a large stone hearth with wood-burning fireplace, four bedrooms, three bathrooms and a loft-style dining area. It is on the market for R9.5 million - click here to view.

Seeff says South Africa is also a major hub of top schools and universities for the rest of Africa. It is common for the children of wealthy people from other African countries to attend top schools in, for example, Sandton and Johannesburg, but also in Cape Town, and this includes attending universities here and in places such as Rhodes.

Aside from the University of Cape Town (UCT), tertiary options include the University of Stellenbosch, University of the Western Cape (in Bellville), Cape Peninsula University of Technology (CPUT) and a range of tertiary and vocational colleges including creative schools. These are all a big drawcard for the city, says Seeff.

James Lewis, MD for Seeff Southern Suburbs, Hout Bay & Llandudno, says a study done by Seeff showed that Cape Town’s Southern Suburbs was home to about 160 schools, the highest concentration in the country, as well as the highest concentration of top-performing schools with 100% matric pass rates.

This home in Sea Point has three en-suite bedrooms, a gas fireplace and entertainment patio with solar-heated pool. It is on the market for R6.49 million - click here to view.

In Rondebosch alone, there are 18 top schools, including Bishops, Rondebosch Boys, Westerford High, South African College School (SACS) and Rustenburg Girls High School. In neighbouring Newlands, you can find Sans Souci Girls’ High and Westerford High, and in Claremont, Herschel Girls’ School. Other top schools in the Southern Suburbs and Constantiaberg area include Springfield Convent (Wynberg,) Constantia Waldorf School, Reddam and more.

UCT adds to the attraction of Rondebosch, which means the suburb is sought after for family homes and student accommodation, says Lewis. Close to top schools such as Bishops, you can expect to pay around R8 million to R12 million for a family house, and in Newlands from R5 million to R15 million.

The Atlantic Seaboard and City Bowl is also not short of top schools, according to Ian Slot, Seeff’s MD for the areas. Private schools include Herzlia (CBD) and Reddam House in Green Point, along with primary and high schools in Camps Bay and Sea Point and a French school (CBD and Sea Point). There is also the German school in Tamboerskloof, as noted above.

This five bedroom, four bathroom home in Parklands, Blouberg, has two solar geysers and a large entertainment area with built-in braai. The home has a separate flatlet, and is selling for R2.55 million - click here to view.

You can expect to pay around R5 million to R15 million on average for a family house in the City Bowl, around R8 million to R18 million in the Sea Point/Green Point areas, and R12 million to R22 million on average in Fresnaye and Camps Bay, although top-end properties do range well into the upper millions.

Buyers in the greater Blouberg area also have their pick of top schools, according to Clinton Martle, Seeff Blouberg licensee. It is therefore no surprise that the area is attracting foreigners. There are about 20 schools, including a number of private schools, the latest being a Curro Private School in Parklands North.

Martle says many of these are top performers when it comes to the annual matric pass rate, such as Parklands College, CBD St John’s and Elkanah House. There is also an international school in the area. You can expect to pay around R1.8 million to R2.8 million for a nice family house with a swimming pool close to a top school.

This contemporary home in Paarl has five bedrooms, four bathrooms and solar power inverter system. It is on the market for R6.6 million - click here to view.

The Boland/Winelands area is another regions in high demand for its top schools, says Pierre Germishuys, MD for Seeff Boland/Winelands. Towns such as Paarl, Stellenbosch and Worcester all boast excellent schools which regularly make the 100% matric pass rate list.

In Paarl, you can find the famous Paarl Boys’, Paarl Girls’ and Paarl Gymnasium, along with La Rochelle and Boland Landbouskool. In Stellenbosch there is a Waldorf, along with Rhenish Girls’ High and Paul Roos and the Stellenbosch University, all boosting the demand from families and for student housing. Franschhoek has Bridge House School which caters from playschool to Grade 12 and also offers boarding facilities.

For a family house in Stellenbosch you can expect to pay around R2.8 million to R5.8 million on average, to as much as R8 million to R14 million close to an exclusive school. Paarl also has an excellent selection of family houses ranging around R1.8 million to R2.8 million on average, to around R6 million for a top location. In Franschhoek family houses range from around R5.5 million to R8 million on average and upwards for a top-end home, especially if in a sought-after lifestyle security estate.

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