Estate Living Magazine New Beginnings - Issue 37 January 2019 | Page 29

P R O P E R T Y
&
I N V E S T M E N T
Stellenbosch
Investment cost: From R800,000 for a studio apartment to R2
million for a one- or two- bedroom apartment in the areas listed
below:
Top areas: Central Stellenbosch, Universiteitsoord, Dennesig
Stellenbosch is one of the few areas that is reporting good growth
in the current property market. With over 31,000 students enrolled at
the university, this is an excellent investment opportunity.
Bosmans Club is a new development in central Stellenbosch
comprising 34 one-bedroom apartments selling for R1.4 million.
The complex has rooftop braai facilities, bike storage and washing
facilities, and optional private storerooms. Security features include
basement parking, a concierge and additional security guards at
night.
Another new development to look at is The Den, Stellenbosch.
Sixty open-plan studio apartments starting at R1.5 million, with
a rooftop pool, high-speed fibre internet, high-quality finishings
and private parking. Security is tight, with closed circuit cameras,
biometric access control and 24-hour security.
The Eden, Observatory
Cape Town
Investment cost: From R1.1 million
Top areas: Observatory, Mowbray, Rosebank, Rondebosch
Observatory is about three kilometres from UCT, and is serviced by
the Jammie Shuttle, UCT’s official bus. Obs, as it is known, is also
where you will find Groote Schuur Hospital and the UCT Medical
School. It is a vibrant area, popular with students, medical staff and
families, and has a creative blend of pubs, restaurants and shops. T
The three developments listed below are all in Observatory and
situated in the Urban Development Zone, which entitles buyers to
claim up to 55% of the purchase price as a tax expense over 11 years.
Madison Place
Madison Place
UCT has over 28,000 students and can accommodate 6,800 in
residences, leaving quite a large number looking for somewhere
to stay. Owning a property in Cape Town will always be a good
investment, as the city shows no decline in its status as a top
international tourism hotspot. Finding anything under R1.5 million
is rare in the southern suburbs, so we have included a few choice
developments that are worth looking into – albeit at a slightly higher
price.
Although the 76 units of The Eden – a new eight-storey block in
Observatory – have all been sold, this is a good one to watch as,
when apartments come available, they will be snapped up.