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Now is the time to invest in property in Cape Town’s Kuils River

09 Apr 2019

Kuils River in Cape Town has a very diverse property market that has remained active despite the current economic conditions.

This three bedroom, three bathroom home in Zevenwacht Country Estate, Kuils River, has a fireplace, large covered braai and entertainment area plus pool. It is on the market for R4.5 million - click here to view.

This is according to Herbie de Klerk, Principal of Jawitz Properties Kuils River and Eerste River, who says properties in the Kuils River/Eerste River areas span the entire property price spectrum, with homes selling from R100 000 to R12 million.

This north-facing apartment in Kuils River, Cape Town, is on the first floor and has two bedrooms and one bathroom. It is on the market for R995 000 - click here to view.

The top end of the market is dominated by properties in and around Zevenwacht Estate where average properties sell for R3.5 million, but where anything under R7 million is currently scarce.

In Kuils River’s prestigious Klein Zevenwacht, this luxury home offers five bedrooms, four bathrooms, expansive living areas leading to a patio with pool and covered jacuzzi, a gym, wine storage, and more. It is selling for R7.995 million - click here to view.

De Klerk says the active property market has resulted in his team and himself walking away with several awards for outstanding performance at the recent Jawitz Properties Achievers Awards, and he believes it’s their diversity that makes the difference. “I think it’s very important that we are relatable to our client base. With our clients being from a variety of backgrounds and economic echelons, I feel it’s integral that we have a diverse and professional team of agents.”

This two bedroom, two bathroom home in Sarepta, Kuils River, is close to malls and schools. It is on the market for R1.32 million - click here to view.

De Klerk says selling homes that span the lower- and top-end property spectrums means that the agency team have to be adaptable.

The buoyant sales markets in Kuils River and Eerste River have resulted in a healthy and active rental market. The areas are in high demand by tenants in the lower to mid end of the market, but even overall, De Klerk says that they haven’t experienced any dips in rental values.

In Zevendal in Kuils River, this home has three double bedrooms and bathrooms, a covered braai stoep, country-style kitchen and more. It is selling for R3.295 million - click here to view.

“This is a great time for investors to get into the buy-to-let market as there is good movement of rental properties and a lack of stock in this area. What’s really nice for property investors is that this area is still affordable, and we’re in the lucky position where rentals still achieve good escalation rates,” explains De Klerk.

He says the fact that this is a buyer’s market makes the price sensitivity being experienced even more ideal for buy-to-let investors.

With a floor size of over 1 300sqm, this sprawling mansion in Klein Zevenwacht, Kuils River, has six double bedrooms with balconies, a cinema/games room, glass wine tasting area, grand study, off-the-grid water system, and more. It is selling for R16.95 million - click here to view.

“Buyers know exactly what they want, and they’ll wait until the properties they want are more realistically priced. Even if a home is overpriced by just R100 000 to R200 000, the number of enquiries is low. But as soon as the property is more realistically priced, the enquiries start flooding in, especially in the R2 million-plus range. I can’t overstate the fact that this is a great time for buy-to-let investors to get into the Kuils River and Eerste River areas.”

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