Cape Town’s Western Seaboard has undergone extensive development in recent years, seeing relatively new suburbs like Parklands and Sunningdale grow in both size and popularity.
This four bedroom, three bathroom home in Parklands North has open-plan living areas leading out to a private garden and entertainment area with built-in braai. It is on the market for R2.249 million – click here to view.This is according to Daphne Klopper, franchisee of Rawson Properties Table View and Rawson Properties Parklands, who says that these modern, residential neighbourhoods have become renowned for their excellent value for money, and their properties are regarded by many as offering the best growth potential in the greater Blouberg area.
“Parklands and Sunningdale have a lot to offer buyers, they’re not only excellent value for money, they also offer a very vibrant and unique lifestyle just minutes away from some of Cape Town’s most unspoilt beaches,” says Klopper.
“Add to that the excellent shopping centres, restaurants and cafés, and the great public and private schools in the area, and it’s easy to see why buyers of all types and ages are eager to move into the neighbourhood.”
Klopper says Parklands is the older of the two areas, and has numerous developments as well as privately-built homes and plot-and-plan erven. This has created a tapestry of different architectural styles and property types over the years, including freehold properties, security estates and sectional title developments.
“You can find everything from entry-level one bedroom apartments to luxurious and vast penthouse units, as well as cottages, family homes, duplexes, triplexes, townhouses and luxury mansions in Parklands,” says Klopper.
This four bedroom, two bathroom home in Parklands has an indoor braai and bar area leading out to a solar-heated pool. It is on the market for R2.195 million – click here to view.“Two bedroom apartments are available from as little as R500 000 and duplexes from R695 000. Three bedroom family homes start at around R1.5 million, and larger luxury properties can hit R5 million or more, particularly in areas like New Parklands North.”
”Parklands residents are just as varied as their properties, says Klopper, although the average buyer age is dropping, with 40% of recent purchases made by people under 35 years, and 80% falling into the under-50 category.
“Sunningdale, on the other hand, attracts a slightly older demographic, only 22% of its recent buyers are under the age of 35, 42% are between 36 and 49, and 33% are over 50,” says Klopper.
“The focus in Sunningdale is very family centric, and the majority of properties are family homes or security complexes. There are very few townhouses and no apartments, which does reduce the number of young, single buyers to some extent.”
Planned and built by Garden Cities, a non-profit organisation with nearly a century of experience in suburban development, Klopper says Sunningdale has a more cohesive design than Parklands, but offers less variety in building style. Prices also run a little higher on average.
“Two bedroom homes start at around R1.5 million, while three bedroom properties cost upwards of R1.8 million. High-end homes peak around the R3 million mark, although prices on particularly luxurious or well-positioned properties do go higher,” says Klopper.
This three bedroom, three bathroom home in Parklands has a pool and covered patio with built-in braai. It is on the market for R2.599 million – click here to view.While their demographics are slightly different, she says Parklands and Sunningdale have plenty in common, and many trends are equally prevalent in both areas.
“There is huge demand for properties under R1 million throughout the region, and buyers are snapping up fixer-uppers and family homes. Buy-to-let properties are also extremely popular, particularly in the under-R800 000 price range, yielding returns as high as 10% to 12%,” says Klopper.
She says she has also noticed a definite preference for eco-friendly homes, with solar panels, boreholes, energy-efficient designs and rainwater harvesting attracting a lot of attention from prospective buyers.
As for the post-purchase experience, Klopper says signs point towards ongoing appreciation, despite the widespread property market downturn.
“Our office has seen an increase in sales volumes and values, which is a very good indication of enduring demand and market growth,” says Klopper.
“Development is also continuing, despite the increase in erf prices and building costs, which shows developers are equally optimistic about the future of these two neighbourhoods.”
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