Grassy Park and Re­treat are in­creas­ingly sought af­ter

Weekend Argus (Saturday Edition) - - PROPERTY -

THE CEN­TRAL­ITY of Grassy Park and Re­treat, their close­ness to the Cape Town CBD (30 min­utes away by train and by car out of rush hour) and the af­ford­abil­ity of their homes have made this one of the most sought af­ter res­i­den­tial nodes in the Cape Penin­sula, ac­cord­ing to Lorenzo Jar­dine, who runs the Raw­son Prop­erty Group Grassy Park/ Re­treat fran­chise.

The big de­mand right now, he said, was for homes in the R600 000 to R900 000 bracket, prefer­ably in Re­treat or Grassy Park. How­ever, his area of op­er­a­tion cov­ers Lo­tus River, Ot­tery, Steen­berg, Lake­view, S e aw i n d s ( a d i v i s i o n o f Re­treat), Wet­ton and Zeeko­evlei, and his and other lo­cal fran­chises can of­fer sec­tional ti­tle homes priced from R200 000 to R500 000 and free­hold units from around R200 000 to R3 mil­lion.

“We re­cently sold a five-bed­roomed dou­ble-storey home on the wa­ter at Zeeko­evlei for R2m. We have other homes in Grassy Park priced from R1.2m to R1.65m, which should prove to be ex­cel­lent buys be­cause al­ready price es­ca­la­tions are just as ev­i­dent in the high­er­bracket homes as in the more af­ford­able ones.

“Through­out our area, but par­tic­u­larly in Re­treat and Grassy Park, stock short­ages are now be­ing ex­pe­ri­enced and we are hav­ing to ad­ver­tise, dis­trib­ute pam­phlets and tele­can­vas to keep stock lev­els at around 20 – which is half of what they were at two years ago.”

Jar­dine said the banks were show­ing a friend­lier at­ti­tude to­wards bond ap­pli­cants, and only one in five from this area wa s n o w r e j e c t e d . T h i s in­cluded sig­nif­i­cant num­bers who ap­plied for 100 and 108 per­cent bonds, which in­clude all trans­fer and reg­is­tra­tion costs.

On the rental front, said Jar­dine, de­mand was even stronger than in the sales mar­ket. His fran­chise man­aged 45 rental units and when new units came on the mar­ket, they were usu­ally signed for within a week. Rents ranged from R2 200 to R5 500 a month, with the big de­mand be­ing around R3 500.

Call Jar­dine on 082 734 7760 or e-mail grassy­park@raw­son prop­er­

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