Please note that you are using an outdated version of Internet Explorer which is not compatible with some elements of the site. We strongly urge you to update to a newer version for optimal browsing experience.

Cape Town’s Kenilworth ticks all the boxes for lifestyle buyers

10 May 2019

The growing appeal of low-maintenance community living coupled with high levels of security has seen demand for homes in secure estates burgeon in recent years, with these properties now accounting for around 15% of the entire property market in South Africa.

Salisbury Mews, a development in Kenilworth Upper, Cape Town, offers houses priced from R4.99 million to R5.695 million - click here to view.

However, with the average price of these properties being nearly three times the national average for a freestanding house according to Lightstone data, they are increasingly priced beyond the reach most beleaguered budgets, especially in sought-after areas like Kenilworth Upper in Cape Town, says Ruth Leach and Anne Goddard, Partner Area Specialists for Lew Geffen Sotheby’s International Realty.

To meet demand a new offering, Salisbury Mews, comprising just six contemporary freehold townhouses for sale off-plan, has been bought to market.

This four bedroom, two bathroom home in Kenilworth Upper, Cape Town, has good security and is close to schools. It is on the market for R8.85 million - click here to view.

According to Leach and Goddard, these homes are a rare investment opportunity as they offer excellent value in a high value area.

“Very competitively priced between R4.16 million and R4.78 million (plus VAT, no transfer duty), Salisbury Mews offers the best of both worlds: the lock-up and go convenience of an apartment with the relaxed lifestyle of a spacious house,” say Leach and Goddard.

This double-storey townhouse in Kenilworth Upper, Cape Town, has two bedrooms and three bathrooms. It is selling for R3.65 million - click here to view.

“Designed with privacy in mind, the units have generous ground-floor open-plan living spaces that flow out to secluded patios and compact gardens, gourmet kitchens fitted with Smeg ovens and three luxurious en-suite bedrooms upstairs.”

According to Lightstone data, the average sale price of a freehold home in Kenilworth Upper for the past year ending April 30 is R6.994 million, which makes these luxurious homes exceptionally well-priced,” says Claude McKirby, Southern Suburbs Co-Principal for Lew Geffen Sotheby’s International Realty.

“Secure homes in prime locations will always attract investor interest, especially those priced below R10 million which tick the primary boxes on buyer’s wish lists,” says McKirby.

This two bedroom, one bathroom apartment in Kenilworth Upper, Cape Town, has a large patio and is within walking distance to amenities. It is on the market for R2.45 million- click here to view.

“When demand outweighs supply in desirable upmarket suburbs, investment almost always yields exceptional returns, irrespective of market conditions, with properties in secure estates being especially receptive to significant capital growth.”

Convenience is increasingly topping buyers’ wish lists, and Kenilworth Upper delivers without compromising on lifestyle, say Leach and Goddard.

Everything residents could possibly need is virtually on their doorsteps - from a choice of top-class retail centres, popular eateries and first-rate medical facilities to a variety of outdoor activities and sports facilities.

In a gated security estate, this three bedroom en-suite home in Kenilworth Upper, Cape Town, is within walking distance to amenities. It is selling for R4.16 million - click here to view.

And with the huge upgrades currently under way in Kenilworth, including a host of new shops and amenities, the node is developing a ‘village’ feel and residents will soon be able to walk to all their favourite venues in the new shopping hub, including a brand new Pick and Pay, Knead Bakery, Bootleggers, Sorbet and Wine Concepts, say Leach and Goddard.

The suburb’s central location also places it in close proximity to all the schools in the area, as well as Claremont and Constantia.

Print Print
Top Articles
With rentals so high in Cape Town’s prime coastal strip, buying property often makes more financial sense than renting, with good buy-to-let opportunities for investors...

While it seems we have weathered the worst of the storm, the market decline has slowed and now is the time for property buyers and investors to act. Get the lowdown...

A pioneering partnership between Emira Property Fund and Beetle Busters, who’ve registered a treatment for the infestation, brings hope to saving our urban forests.

Loading

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