Oct
2017
The suburb of Parow is bordered by Plattekloof, Bellville
and Edgemead which are generally seen as upmarket to prestigious suburbs.
Parow could be classified as a middle-class suburb with a
mixed property usage which consists of freestanding homes, apartments and
commercial property.
The apartments seem to make up the bulk of the property
usage which means the suburb will cater for young families, first-time buyers
and pensioners. Parow is set in a prime location offering easy access to
important amenities like malls, schools, commercial and industrial hubs.
Being an old established suburb means the apartments are
generally very spacious, as was standard practice back in the day. The tranquillity
of suburb will of course favour the pensioners.
The freestanding homes in the suburb are also middle-class
homes with some prestigious homes adding to the buoyant property values.
With two major roads dissecting the suburb, the N1 and
Voortrekker Road means access to destinations is direct.
Many of the apartments of Parow Central also cater for the
student residential market as UCT and Cape Peninsula University of Technology
are within the borders of the greater Parow. This means these apartments will always be in
demand for this constant market segment. Some of the apartment buildings have
invested large amounts of capital and given the exterior of the buildings an
upgrade which has added value and also increased demand for the apartments.
Industrial hubs which make up a fair amount of household
income are Epping, Sacks Circle Industrial and Bellville South Industrial.
Schools catering for education in and around Parow Central
are Hoerskool Tygerberg, Parow High School, Florida High School and Emmanuel
Cristian Academy.
Residents of Parow Central are treated to all the malls and
entertainment venues that have been developed in recent years such as Century
City, Tygervalley Shopping Centre and Canal Walk Shopping Centre.
Commercial hubs situated in the Cape Town CBD, Bellville and
Durbanville are minutes away along the two major roads, the N1 and Voortrekker
Road.
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