Home to our current Springbok captain, the garden city of Pinelands is one of Cape Town’s most popular residential suburbs where record house prices have been set in recent months.
With its convenient location and spacious layout, Pinelands is seen as an ideal, value-for-money area to live, says Geneé Rodinis, Pam Golding Properties agent for the area.
Property prices for freestanding and sectional title homes may have shown a steady increase over the past five years, but homes in the leafy suburb are still accessible at competitive prices. While the median price of a home is R3.4 million, some recent record sales by Pam Golding Properties of around R6.3 million underline buyer interest in this area.
“Pinelands offers an excellent return on investment because of its solid capital growth. There is also a robust rental market in Pinelands,” says Rodinis.
She says the suburb is accessible to buyers across all market segments. Entry-level homes start at about R1.8 million, with larger properties selling from R2.5 million. Sectional title prices have increased by about 63.1% in the past five years, partly because of the growing number of apartments being sold on a life rights basis for retirees and their comparative affordability.
Rodinis attributes Pineland’s healthy property market in part to its universal appeal.
“There is something for everyone here. Apartments and cluster homes are ideal for first-time buyers, while young families have a choice of homes with sizable gardens where their children can play. Buyers are seeing that they can afford a spacious home in a neighbourhood that is still close to the Southern Suburb’s top schools.”
Rodinis says many of the classic homes, dating back to the 1920s, are being renovated and updated to suit the needs of families and young professionals. With Old Mutual nearby, Pinelands is also the most convenient option for the many employees who work in this office complex. Pinelands has a variety of accommodation options for retirees, including the upmarket Pinelands Grove Retirement Village, being marketed by Pam Golding Properties. It is also one of only two ‘dry’ suburbs without any bottle stores in Cape Town.
“Pinelands is also very well positioned close to the airport and the N2. It is within easy reach of excellent medical facilities such as the Life Vincent Pallotti Hospital, Rondebosch Medical Centre Private Hospital, and Red Cross War Memorial Children’s Hospital, is surrounded by top schools and has various amenities for residents to enjoy,” she says.
Rodinis says the revamped Howard Centre is a central retail hub with banks, restaurants and shops. There is also the convenient supermarket centre, fondly known as the Beehive Centre. The Ou Meul Bakery and Café has become a popular meeting point for residents and visitors alike. There are many churches in the area, and some of these hold monthly markets. Pinelands also has parks and open green spaces, as well as active sports clubs such as the Pinelands Athletics Club and King David Mowbray Golf Club.