Strong de­mand con­tin­ues for homes in Bothasig, Edge­mead and Sum­mer Greens

Weekend Argus (Saturday Edition) - - PROPERTY -

THE SUB­URBS be­tween the N1 and N7, to the north-east of Cape Town, have of­ten been off the radar for prop­erty buy­ers from out­side the area in the past, but the strong de­mand be­ing ex­pe­ri­enced at present could in­di­cate that this is start­ing to change, says Quin­ton Daw­son, se­nior sales agent at the Raw­son Prop­erty Group’s Bothasig fran­chise.

“Bothasig, Edge­mead and Sum­mer Greens are all very fam­ily- ori­ented neigh­bour- hoods, but they each cater to a slightly dif­fer­ent mar­ket seg­ment, which helps at­tract a va­ri­ety of buy­ers to the area. In gen­eral, they’re all con­sid­ered rel­a­tively low-crime ar­eas, they are close to shop­ping cen­tres and ma­jor high­ways, and are very cen­tral to most of Cape Town and its sur­rounds.”

Bothasig is the old­est of the three neigh­bour­hoods, built on what was orig­i­nally the Bos­mans­dam farm. Houses in the sub­urb can be up to 50 years old and are typ­i­cally about 130m² in size, with three bed­rooms and a sin­gle garage on stands of around 600m².

“There are still some old ‘pre­fabs’ in Bothasig from back in the day,” says Daw­son, “and they are an at­trac­tive op­tion for buy­ers who want to add value through ren­o­va­tion. Peo­ple who pre­fer more mod­ern houses, how­ever, will find plenty to­wards the south­ern side of Bothasig, near Edge­mead, with prices rang­ing from R1.195 mil- lion to R2.04m, de­pend­ing on size, lo­ca­tion and style.”

Edge­mead is marginally younger than Bothasig, and the old­est prop­er­ties there are sel­dom more than 40 years old. The houses tend to be slightly more spa­cious as well, with three to four bed­rooms and dou­ble garages, al­though the er­ven are a lit­tle smaller than those in Bothasig, at an av­er­age of 500m².

“One of Edge­mead’s main at­trac­tions is its green and leafy en­vi­ron­ment,” says Daw­son. “It’s very much a gar­den sub­urb, and that’s def­i­nitely one of the things buy­ers in the area look for. We are see­ing a de­crease in the num­ber of peo­ple want­ing prop­er­ties with swim­ming pools, how­ever, prob­a­bly be­cause of the ris­ing wa­ter and elec­tric­ity rates, and the amount of upkeep pools re­quire.”

Lower-end prices in Edge­mead are sim­i­lar to those in Bothasig, start­ing at around R1.145m. The ceil­ing price is a lit­tle higher, how­ever, top­ping out at just un­der R3m.

“Buy­ers in Bothasig and Edge­mead tend to be quite sim­i­lar, and the av­er­age house­hold in­come of the two sub­urbs is the same. How­ever, Edge­mead is per­ceived as a slightly more af­flu­ent area.”

On the other end of the scale is Sum­mer Greens, the new­est of the three sub­urbs, and the re­sult of sev­eral phases of de­vel­op­ment that have cre­ated a se­lec­tion of com­pact and very af­ford­able homes.

“Sum­mer Greens def­i­nitely has the small­est prop­er­ties in the area,” Daw­son says, “but the more af­ford­able prices make it a great op­tion for first­time buy­ers.”

Houses in Sum­mer Greens typ­i­cally have two to three bed­rooms, and are around 100m² in size with a car­port or a sin­gle garage on about 300m² of land. Prices start at R595 000 and peak at R900 000.

“Be­tween the three neigh- bour­hoods, there’s some­thing to suit al­most ev­ery­one here,” says Daw­son, “from a fixerup­per, to a good old-fash­ioned fam­ily home, to a con­tem­po­rary gem or a com­pact lock-upand-go. It’s not sur­pris­ing that de­mand is strong. It does make things tricky for buy­ers, be­cause of the short­age of stock, but the re­turn on in­vest­ment that we’ve been see­ing – nearly in the dou­ble digit re­gion – makes it worth the ef­fort in the end.”

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