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Property prices in Cape Town’s Milnerton poised to surge

19 Aug 2019

Property News

Brought to you by Property24

Situated on the West Coast just 11km north of Cape Towns’ CBD, Milnerton boasts beaches, lagoons, nature reserves, golf courses, schools, shopping centres and some of the best seafood on the coastline. Its properties tend towards large, old-style homes with four bedrooms, two bathrooms, staff quarters, pools and double garages, and their prices start at an eyebrow-raising low of R2.8 million.

This 92sqm front-row apartment in Lagoon Beach, Milnerton, has two bedrooms and bathrooms and access to three communal pools and a gym. It is on the market for R2.925 million - click here to view.

“Milnerton is definitely one of those neighbourhoods that’s flown under the radar,” says Dave Zieve, Sales Partner at the Rawson Property Group’s Milnerton franchise. “Prices have seen little upward or downward movement over the last two years, creating a pocket of exceptional value that is ripe for a resurgence in the near future.”

This relatively rare situation, Zieve says, offers some incredible opportunities for savvy investors and buyers looking for a family home with excellent long-term appreciation potential.

This four bedroom, two bathroom home in Milnerton Ridge, Cape Town, has a paved patio with braai, salt-chlorinated poo, double garage, triple covered carport and more. It is selling for R3.394 million - click here to view.

“A lot of the properties in the area have been in the same hands for the last 30 or 40 years,” he says. “As those owners move on or downscale to our popular Milnerton security communities, they’re leaving behind homes in relatively good condition, but in need of a modern touch. Young families are leaping at the chance to snap these up at bargain prices and are renovating a little bit at a time as finances allow. This enables them to create their dream home at a very affordable price point and enjoy the kind of space and lifestyle that has become impossible to find in other parts of Cape Town.”

Those looking for more modern, ready-to-move-in properties won’t be disappointed in Milnerton either, with secure neighbourhoods like Royal Ascot and Century City offering plenty of stylish homes and lock-up and go options. Close proximity to the beach as well as the thriving Century City CBD makes these popular choices with young professionals as well as older buyers and families.

This three bedroom, two bathroom townhouse in Royal Ascot, Milnerton, has a tiled patio, paved garden, single garage and more. It is on the market for R2.55 million - click here to view.

House flippers are also finding opportunities in Milnerton, doing minor renovations on serious bargains to sell for a profit. With prices currently static, however, Zieve warns that overcapitalisation is a real risk, and inexperienced bargain hunters may find themselves spending more than they can recoup in the short term.

Of course, few property investments ever achieve their full potential in the short term. When it comes to a medium-term outlook, however, Zieve paints an exceptionally positive picture for Milnerton.

This 87sqm apartment in Lagoon Beach, Milnerton, has beautiful views, two bedrooms and bathrooms, and is being sold fully furnished for R2.975 million - click here to view.

“We’ve already had an uptick in enquiries and viewing activity since the elections, and we’re expecting that momentum to keep building as we enter the spring/summer season,” he says. “With prices as exceptional as they are right now, particularly in comparison to similar neighbourhoods around Cape Town, it’s only a matter of time before high demand reignites appreciation.”

In the meantime, however, Zieve urges sellers not to pre-empt the market with overambitious pricing.

This four bedroom, three bathroom home in Milnerton Central, Cape Town, has a covered outdoor entertainment area and pool. It is on the market for R2.995 million - click here to view.

“It’s vital to price for the market conditions that you’re in, and not the market conditions that may be approaching,” he says. “At the moment, we’re selling accurately priced homes in as little as two to three weeks, but overpriced properties are lingering far longer than the average three months on the market. If you need to achieve a certain figure when you sell, it’s better to wait until the market can support that value. Overambitious listings almost invariably disappoint on final sale.”

As for successful buyers in Milnerton, Zieve says excellent value and outstanding potential isn’t the only benefit they’ll be tapping into. They’ll also be joining a tightly-knit, family-oriented neighbourhood with a big heart and strong community spirit.

This two bedroom, two bathroom townhouse in Burgundy Estate, Milnerton, has beautiful views, a paved courtyard, large entertainment balcony, single garage and two covered parking bays. It is selling for R1.78 million - click here to view.

“The Milnerton community really is amazing. Our franchise started collecting donations for Fallen Angels Rescue Kennels last December. This ongoing initiative is very close to our hearts, and the response has been unbelievable. We’ve dropped off a total of 1 000 bags and 920 cans of dog food to date, as well as a number of blankets, dog bowls and treats which we hand delivered on Mandela Day. A big thank you to our local Royal Ascot Superspar for generously allowing us to put a trolley up for the ongoing collection,” he says.

This kind of generosity and spirit can be found in a number of similar initiatives in our area. It’s a wonderful place to work, and an even more wonderful place to live.”

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