Upgrade homes a hotspot in Cape’s Northern Suburbs
PUBLISHED 9 FEB 2021
With low interest rates and a residential property market that’s friendly to buyers, this year could be the perfect time to invest in a Cape Town home.
The Northern Suburbs in particular are an excellent choice for first-time buyers or families in search of excellent value in the Mother City’s generally pricy property landscape.
Areas like Durbanville and Vredekloof offer proximity to excellent schools, a strong sense of community, and a variety of homes in the under-R3 million category. Many of these properties - like this one in Parklands - are ideal for new owners looking to renovate and enjoy their new homes for years to come.
Let’s take a look at some popular areas to consider on your search for the ideal starter home.
Northern Suburbs offer the best value
The general increase in property prices in Cape Town over the past few decades has made it challenging for young professionals to purchase the homes they want at reasonable prices.
Recent property sales indicate that the city’s northern regions are becoming increasingly popular with new homeowners.
Durbanville’s spacious and affordable homes have made it increasingly popular with younger buyers.
Brakenfell has also seen a surge in interest, with the suburb’s numerous good schools and access to some of Cape Town‘s best shopping malls providing an added incentive for prospective homeowners
Plenty of homes to choose from
The popularity of secure residential estates in the Northern Suburbs (largely due to semigration from other parts of the country) has seen many homes in traditional suburbs go on the market at good prices.
Many of these properties are ideal candidates for buyers who plan to buy affordably and allocate funds to renovating their new homes. This strategy makes very good sense in the current low interest rate environment as prices are likely to rise in the coming years as this region of Cape Town becomes even more popular.
Finding the ideal upgrade home
If you’re scouting around the Northern Suburbs in search of your new home you’ll want to narrow down your options to homes that are ideal for upgrading. A well-located property that is several decades old but still in generally good condition without obvious structural defects can be modernised - either at once or gradually, through relatively easy renovations.
Keen to invest in the north of Cape Town? Our team is on hand to assist you with any queries you may have and we’ll be happy to help you explore some of the properties in our extensive portfolio.
Contact the Cape Realty team today to begin your home buying journey.
Image Credit: https://www.pexels.com/photo/interior-of-modern-house-during-renovation-process-5691530/