Situated between the Tyger Waterfront and Plattekloof, the area affectionately referred to as Tyger Hills is the ideal location for young families - offering access to work, excellent healthcare and good schools.
This five bedroom, four bedroom 651sqm home for sale in Plattekloof is situated on a 1 143sqm erf and overlooks the Plattekloof Hills. The home offers an office, three living areas, pantry, laundry, staff quarters, three garages and a heated swimming pool and lapa. It is selling for R4.495 million - click here to view.Ranging from Bell Park to Door De Krall, Hoheizen, Loewenstein, Kanonberg, Oude Westhof, Protea Valley, Plattekloof, Welgemoed, Welgedacht and the Tyger Waterfront, Lee Clarke, property professional at Leapfrog Property Group, says he believes the area offers something for every buyer with its diverse range of properties spanning a number of price brackets.
Families flocking to Tyger Hills
Buyers looking to start families find suburbs like Door De Kraal and Hoheizen, where over 90% of the properties are freeholds, very appealing.
At present, Clarke says the majority of recent buyers in Door De Kraal are between 36 and 49 years old, while around 59% of sellers are over 65, presumably scaling down.
What you’ll pay for a home in Tyger Hills
Property prices in the area have grown gradually from an average of R2.1 million in 2014 to R2.35 million in 2015 and the first quarter of 2016.
Clarke says properties comprising dwellings and erven in excess of 600sqm and 1 000sqm respectively are fetching between R3.2 to R3.5 million with relative ease.
The situation is much the same in Hoheizen, where property prices have remained more or less stable, ranging from R2.5 million to just around R 3.1 million in 2014, to R3.3 million in 2015.
Tyger Hills estate homes
“Estate living has taken South Africa by storm, and has become the chosen location for a number of buyers who find the increased security and sense of community appealing,” says Clarke.
The Kanonberg Lifestyle Estate in the foothills of the Tygerberg is flanked by the Welgedacht Estate to the south and the Tygerberg Nature Reserve to the west.
Both of these estates offer residents access to safe, communal areas and increased security, with prices ranging from around R3.98 million in Kanonberg (2015 figures, as 2016 is not yet available) to an average of R5.1 million in Welgedacht in 2016.
According to Lighstone Property data, the majority of owners in both estates invest in the long term and live there for a minimum of 10 years.
Something for everyone in Plattekloof
“While some areas are overwhelmingly freehold or have been converted into estates, Plattekloof offers more of a mix - making it attractive to a wider selection of buyers, which is evidenced by the fact that about 19% of new buyers are under 35, 44% are between 35 and 46, and about 32% are aged between 50 and 64,” says Clarke.
Plattekloof is a dynamic suburb, with property prices for the entry-level freehold properties comprising 300sqm to 380sqm dwellings priced from the low-R2.5 million to mid-R3.5 million range.
“Larger homes ranging from 400sqm to 600sqm are selling for around R4 million-plus, with some exceptions reaching way in excess of that - primarily due to finishing, design, views and location,” says Clarke.
He says stand sizes in this price class vary from just below - but primarily over - the 1 000sqm field.
Selling in Tyger Hills
“There are, however, major conflicting issues in this market due primarily to a herd mentality, and the end result is that properties are being marketed for months on end by a multitude of agents, whereas properties that are valued accurately on true merit and thorough market trend research are exiting the market in a matter of four to six weeks - even those above the R4 million mark, '' says Clarke.
However, Clarke says he has high hopes for the Tyger Hills area.
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