Claremont Upper property experiencing rapid annual growth

'Claremont remains highly sought-after by investors as well as buyers wanting to live in the area,' says Mike Greeff, CEO of Greeff Properties, an exclusive Affiliate of Christie?s International Real Estate. The average selling price for a free-standing double-storey home in Claremont Upper is around R7.3 million, with the top selling properties in the luxurious 'Hen and Chicken Estate' fetching in excess of R13 million.

Exponentially growing as both a commercial and residential hub, the charming suburb of Claremont is home to numerous and varied sub-areas, each offering a unique personality and appeal. The 'village' area close to Cavendish Square, for example, is currently in particular demand with its mix of quaint, semi-detached cottages, Georgian townhouses and contemporary apartment buildings.

'This part of Claremont is buzzing with development and construction activity with residential blocks and renovated houses popping up virtually on every corner,' says Greeff.

Claremont is also centrally located, especially the properties along and near Main Road, which provides easy access to the My City Bus, the Jammie Shuttle and regular public transport. The area features multiple sports grounds, hospitals and education options (including the area?s leading primary- and high-schools, as well as the University of Cape Town), and the commercial retail options offered by Cavendish Square shopping centre.

35 On Grove is a prime example, with Greeff Properties having facilitated the sale of the entire block (comprising 14 units) in just under three months in mid-2014. 'The units we sold off have already increased in value, given that the average selling price in Claremont Upper has increased by 13% over the past 12 months, when compared to the previous 12-month period,' says Mike Greeff.

This newly renovated 4-bedroom, 4-bathroom Victorian heritage home in the heart of Claremont with original façade and pressed ceilings has been altered to an impeccable standard. The property includes a contemporary designer kitchen, 3 reception rooms, 2 garages, 2 off-street parking spaces and an enclosed, private and decked plunge pool. Asking price: R7 950 000.

Contact Mariella Peretti 082 357 4602 or Charles Silbert 082 555 4286 / 021 763 4120
www.greeff.co.za
Web reference: GFHO-1201