Oct
2017
The greater Parow in the Western Cape has a number of well-established suburbs which all cater for various income groups.
Suburbs in the Western Cape are older and more established which is obviously visible from the homes and paved sidewalks, something which is rare in newer suburbs across South Africa.
According to market research, the average value for a 3 bed-roomed home in the suburb is around R 1.1 million which is the market segment where the most sales take place. The mixed property usage in Avondale consists of apartments, freestanding homes and commercial property which brings a certain amount of stability.
The prime location of Avondale is another reason for the fair demand for homes in the suburb as it is close to all the major amenities like industrial hubs, commercial hubs and well-established schools. The mixed architecture of homes in the suburb does bring a sense of nostalgia which may appeal to the renovators in the market as many of the older homes still have solid wood flooring, pressed ceilings and wood door frames and large living areas.
With surrounding suburbs, being developed or redeveloped has had a knock-on effect on the property in the suburb where many home owners have upgraded their homes to more modern specifications like architecture and interior fittings.
For first-time buyers Avondale should be on the list due to its prime location and good returns in long-term investments, and the suburb is also close to some of the tertiary institutions like Stellenbosch University.
Schools catering for education in and near to the suburb are Hoerskool Tygerberg, Panorama Primary School and Boston Primary School.
There is no shortage of entertainment venues and retail outlets catering for the greater Parow such as Tygervalley Shopping Centre, N1 City Mall, Century City and McIntyre Square.
Industrial hubs which make up a large part of household income in the suburb are Elsies Rivier, Epping, Maitland and Bellville South Industrial.
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