Landmark Welgemoed address in the making

An ultra-luxury apartment development is being planned for Welgemoed, one of Cape Town’s Northern Suburbs known for its spacious free-standing homes on sizeable plots in leafy surroundings.

“Architecturally bold and visually striking, 27 Grey introduces sculptural, modern design to a suburb long known for its leafy tranquillity and traditional homes. With expansive views over the Tyger Waterfront and to the Boland Mountains, this four-storey complex with just 12 units redefines living well in Cape Town’s Northern Suburbs,” says Sanet Schoonees, Pam Golding Properties area manager for Cape Town North.

The two and three-bedroom apartments – including penthouses – range in size from 120sqm to 206sqm and are priced from R5 million. The designer homes feature high ceilings, generous floor plans and expansive patios for seamless indoor-outdoor flow. Buyers have a wide range of interior finishes to choose from to create personalised spaces.

Schoonees says 27 Grey has been designed for discerning buyers who demand exclusivity and connectivity.

“Residents will enjoy the best of city living without compromising on peace and privacy. Nearby amenities include top-tier schools and world-class healthcare as well as a wide selection of vineyards, golf courses and fine dining restaurants.

“The nearby N1 offers direct access to the Cape Town CBD, Stellenbosch and Cape Town International Airport, making it a strategic location for professionals, retirees and family-focused buyers.”

Schoonees says that Welgemoed is rapidly gaining attention from buyers seeking lifestyle, convenience and stability.

“Many people are moving from the Southern Suburbs to Welgemoed, with its good schools and spacious homes. We have also seen a lot of interest from expatriates who grew up in Welgemoed.”

According to Lightstone statistics, recent buyers here tend to be in the 36 to 49 year bracket – highlighting the appeal of the area to young families.

Of the close to 1 000 homes in Welgemoed, currently just 26 are in a total of four estates or complexes. Notably, the few sectional title sales over the past decade showed a stronger increase in median sales price than freehold properties.

“Buyers are looking for lock-up-and-go convenience and low maintenance as well as security. They prefer to pay levies and have a body corporate attend to maintenance, gardening and administrative tasks,” Schoonees says.

Welgemoed properties have retained their appeal over the years in spite of market fluctuations. Sales activity rebounded after the pandemic and have remained elevated relative to the three years before 2020.

Given the demand for upmarket sectional title apartments, Schoonees expects the launch of 27 Grey, which meets all the criteria of buyers in this desirable suburb, to be well received by the marketplace.

For further information contact Sanet Schonees of Pam Golding Properties on +27 82 883 2882 or   +21 975 7209.

Posted by The Know - Pam Golding Properties