No resistance to rising prices in Gardens
Nestling against the lower slopes of Table Mountain, Gardens has become one of the trendiest suburbs in Cape Town’s City Bowl.
Bisecting the suburb is the well-known Kloof Street, featuring cafés, delicatessens and décor shops – a magnet for the Mother City’s arty crowd who gather on the pavements to see and be seen, says Anna Gehlhaar, area specialist for Chas Everitt International office.
Victorian homes are another familiar feature of the suburb. “These homes make for gracious living,” says Gehlhaar. “Gables, high pressed ceilings, wooden floors, sash windows with wooden shutters, and authentic old fireplaces are common. Crisp ‘broekie lace’ combines well with abundant plantings of white roses, transforming the aptly-named suburb into a fragrant garden in spring and summer.”
Prices for average three-bedroom homes range between R1,65-million and R3-million, she says, and the area has outperformed much of the rest of the country during the recent boom with values rising by up to 60 percent in the past year.
“However, there is little sign of buyers’ resistance. Gardens is still cheaper than areas such as Tamboerskloof and Oranjezicht, and its central location means residents are minutes away from the CBD, the V&A Waterfront and popular beaches such as Camps Bay and Clifton.
“There are no traffic problems to speak of, and while parking is somewhat problematic, security patrols mean that street parking is relatively safe.”
The cosmopolitan atmosphere of Gardens is attracting a fair percentage of overseas buyers, especially German, French and British investors, Gehlhaar says. “The German and French international schools are definite draw-cards and there are also several excellent international schools here catering for Britons.”
Gardens residents are a mix of older couples who have stayed in the suburb for decades and young, trendy people moving in. “Owners are constantly upgrading their properties and there is a definite move to restoring any homes that have been neglected to their former glory,” she says.
Issued by Chas Everitt International
For further information call Brenda Smith at
Chas Everitt International Bryanston on 011 463 2033
or visit www.chaseveritt.com