Tyger Hills Offers Families Good Property Value
Category Suburb Focus
Situated between the Tyger Waterfront and Plattekloof, the area affectionately referred to as Tyger Hills is the ideal location for young families with access to work, excellent healthcare and good schools. Ranging from Bell Park to Door De Krall, Hoheizen, Loewenstein, Kanonberg, Oude Westhof, Protea Valley, Plattekloof, Welgemoed, Welgedacht and the Tyger Waterfront, Lee Clarke, a rising star and consummate property professional at Leapfrog Property Group (with multiple sales awards under his belt) believes that the area offers something for every buyer with its diverse range of properties spanning a number of price brackets.
“This dynamic area, which when broken down into it eight subdivided farming areas seems to have fallen into a void between two very successful and established Leapfrog branches – Edgemead and Durbanville. After careful analysis it just made so much sense to offer our experience and knowledge to buyers and sellers in these neighbourhoods”, says Lee Clarke, Principal of Leapfrog Property Group Tyger Hills.
Families Flock to Tyger Hills
Buyers looking to start families find suburbs like Door De Kraal and Hoheizen where over 90% of the properties are freeholds very appealing. At present the majority of recent buyers in Door De Kraal are between 36 and 49 years old, while around 59% of sellers are over 65 (and presumably scaling down). Property prices in the area have grown gradually from an average of R2.1 million in 2014 to R2.35 million in 2015 and the first quarter of 2016. Properties in excess of the 600sqm dwelling and 1000sqm erven size are fetching between R3.2 to R3.5 million with relative ease.
The situation is much the same in Hoheizen where property prices have remained more or less stable ranging from R2.5 to just around the R 3.1million in 2014 to R3.3 million in 2015.
Estate living has taken South Africa by storm and has become the chosen location for a number of buyers who find the increased security and sense of community appealing. The Kanonberg Lifestyle Estate in the foothills of the Tygerberg is flanked by the Welgedacht Estate to the south and the Tygerberg Nature Reserve to the west. Both of these estates offer residents access to safe, communal nature areas and increased security with prices ranging from around R3.98 million in Kanonberg (2015 figures as 2016 is not yet available) to an average of R5.1 million in Welgedacht in 2016. According to Lighstone Property data the majority of owners in both estates invest long term and live there for a minimum of 10 years.
“While some areas are overwhelmingly freehold or have been converted into estates Plattekloof offers more of a mix – making it attractive to a wider selection of buyers which is evidenced by the fact that about 19% of new buyers are under 35, 44% are between 35 and 46, while about 32% are aged between 50 and 64”, explains Clarke.
Plattekloof is a dynamic suburb with property prices for the entry level free hold properties ranging from a 300 to 380sqm dwellings priced from the low R2.5 million to mid R3.5 million. Larger homes ranging from 400 to 600sqm are selling for around R4 million plus, with some exceptions primarily due to finishing, design, views and location reaching way in excess of that. Stand sizes in this price class vary from just below, but primarily over the 1000sqm field.
Clarke shares that; “There are however major conflicting issues in this market due primarily to a herd mentality and the end result is that properties are being marketed for months on end by a multitude of agents, whereas properties that are valued accurately on true merit and thorough market trend research, are exiting the market in a matter of 4 to 6 weeks, even those above the R4 million mark, ''says Clarke.
Clarke has high hopes for the Tyger Hills area and plans to open the franchise with four agents, estimating that that number will double relatively quickly. “I’m excited to share the benefits of our training and experience with the buyers and sellers of Tyger Hills as I believe that the Leapfrog Property Group values and emphasis on service will be a welcome addition to the real estate market in the area”.
Buyers and sellers interested in professional advice and service in the Tyger Hills area can reach Lee Clarke on 021 914 0118 or at lee.clarke@leapfrog.co.za
Author: Leapfrog Property Group
