Many individuals are selecting to put money into Inexperienced Level which presents fantastic sea views and is shut sufficient to stroll to an array of outlets, eating places, the Sea Level Promenade, in addition to world-class life-style sights, such because the Inexperienced Level City Park, the Cape City Stadium and the V & A Waterfront. It’s also near the seashores of Clifton and Camps Bay, and the CBD – which could be accessed both by automobile or the environment friendly My-CiTi Bus service.
And it’s not simply the situation that’s drawing patrons. While demand on this quickly evolving and vibrant space is definitely driving up costs, lots of the properties in Inexperienced Level nonetheless provide fantastic worth for cash.
That is in accordance with Alexa Horne, Managing Director of Dogon Group Properties, who says that Inexperienced Level’s location has made it extremely fascinating for patrons who don’t need the effort of combating rush hour site visitors and wish the comfort of metropolis dwelling proper at their doorstep.
“Now we have seen strong demand for property on this suburb which has restricted residential area out there – as does most of Cape City’s CBD. This has given rise to excessive ranges of curiosity in property throughout the space.”
Some examples of value-for-money properties presently available on the market in Inexperienced Level embody a newly renovated north-facing 3-bedroom condo in Hillside Heights which is presently available on the market for R3,35 million, that includes a non-public balcony in addition to a communal backyard and pool space. This house additionally has a non-public single storage in addition to 24-hour safety on-site.
One other instance of what your cash should purchase in Inexperienced Level features a 1-bedroom condo in The Odyssey constructing on Essential Street with views of Devils Peak from the dwelling space, safe basement parking, 24-hour safety and concierge, a communal rooftop pool and braai space with wonderful views of the mountain & vistas on the market for R2,195 million.
A bit pricier budget-wise is a 2-bedroom condo in Ocean View Drive in Higher Inexperienced Level with a non-public backyard, undercover patio, pool, double storage and beautiful views for R7,45 million, or a 3-bedroom, 3-bathroom (all en-suite) totally furnished luxurious condo within the Romney Park Aparthotel, with endless views over the Atlantic from its location on the decrease slopes of Sign Hill. A big swimming pool and lounging deck space, on-site restaurant, bar and lounge, boardroom assembly amenities, full backup generator throughout load shedding, water tanks, and full wheelchair entry are simply a few of the options included for the R8,775 million price ticket.
Alison Robb, gross sales agent and Inexperienced Level space specialist for Dogon Properties says that Inexperienced Level is a well-liked residential space for younger professionals and college college students because it enjoys a hive of bustling nightlife, fashionable eating places and cafés, in addition to easy accessibility to the primary arterial routes out and in of the Atlantic Seaboard.
“Effectively-priced properties and hidden gems are scattered all through the world. There are residences out there which have glorious potential for worth appreciation and are sometimes priced decrease than comparable properties in different surrounding areas shut by, making them an excellent funding alternative. Globally, historical past has proven that rejuvenated metropolis centres provide vital capital progress.”
Robb says that she has skilled a surge in gross sales in the course of the months of February to Might from largely investor patrons from Gauteng and KZN coming into the market and snapping up any out there well-priced residences, in addition to first-time patrons who’re supplied incentives when buying with a bond.
“Exercise is brisk amongst patrons within the worth vary from R1.2 million to R2.5 million – and if fortunate, one can snatch up a 3-bedroom condo within the area of R2.95 million. Nevertheless, we do proceed to see a scarcity of inventory within the space as a consequence of semigration. Everybody needs to be in Cape City proper now and Inexperienced Level presents an inexpensive life-style for these wishing to have a foot within the door.”
“For apparent causes, Inexperienced Level is one in all Cape City’s hottest suburbs, providing a way of neighborhood, safety and vibrant vitality. Residents can take a stroll or cycle on the promenade, buy groceries on the V&A Waterfront, sunbathe at close by in style seashores, kayak with the dolphins, and luxuriate in quite a lot of fashionable espresso outlets, cafés and famend eating places – all inside strolling distance.”