Schotschekloof is suburb of the City Bowl in the Western Cape. It is an old and well-established suburb that commands a high degree of demand for the property values and its prime location. Set at the foot of Signal Hill means the views are spectacular over the harbour and surrounding suburbs.
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It is a well-established suburb which is in a prime location for residents employed in the industrial and manufacturing sectors. The property use of the suburb comprises sectional-title townhouse complexes, apartment building and freehold homes.
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The architecture must be one of the features of the suburb which has a very eclectic ambiance and this has attracted young executives and students alike with the prospect of entering the property market in what is certainly a growth market within the suburb.
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Due to the increasing demand for property in Cape Town the suburb was not spared of gentrification and this was to the advantage of property values which stems from the proximity of the suburb to the V&A Waterfront and other tourist attractions.
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The ideal location of the suburb is highlighted by the development of new sectional-title townhouse complexes being currently constructed which will also have the effect of a slight increase in the general property values. The other highlight of the town’s location is the proximity to a vast number of tourist attractions and guest houses in its suburbs which indicate the level of the demand for property within the suburbs commands.
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Commercial use of some properties on main roads cater for the tourist industry in the form of guest houses and the suburb is in an ideal location to explore the Western Cape wine routes and other tourist attractions and destinations on offer.
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The mixed property use of the suburb consists of sectional-title townhouse complexes, clusters apartments and freehold homes which are more for the middle class income groups. The location will also suit young executives working in commercial hubs like Bryanston, Sandton, Randburg or Rosebank as the access roads are convenient.
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Townhouses and apartments offer stable income and growth prospects for buy-to-let investors with a sizeable rental market in the suburb and are just as popular with first time home buyers due to the reputation of the suburb and the prime location.
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The property use is made up of freehold homes, clusters, duets and sectional-title townhouse complexes aimed at the middle-class. Due to the more affordability of property in the suburb the demand is high.
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The advantage of a lock-up and go life style will suite executives working in the various commercial hubs close to De Waterkant along with the security the apartment buildings offer.
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