Investment Opportunity

Investment Opportunity


Secure Estate – Kirstenhof

Rare opportunity to buy into a well managed and maintained single storey home forming part of a full security estate in the popular Le Jardin complex in Hayworth Road Kirstenhof.
This unit comprises three bedrooms two bathrooms (shower room en-suite) open plan lounge and fitted Kitchen with built in stove and hob and access to a sweet little back garden for a sunset braai after a long working day!

This home is ideal for all age groups, scaling down for retirement, first-time buyers or even a great little investment.

It also has the benefit of a garage with automated door and there are several visitors parking bays. Of particular interest is that it is also offered with full vacant possession so you can move right in!
Kirstenhof is an extremely popular suburb for all age groups and boasts an excellent Blue Route shopping Centre and Kirstenhof Primary School which is a very short walk away. Access to the M3 Freeway is also easily accessible.

More details at http://www.cei.co.za/showpropertySC0672343956.cp

The most expensive streets, suburbs and estates in Cape Town

The most expensive streets, suburbs and estates in Cape Town

Amid the tumultuous environment of the property market over the last several years in South Africa, Cape Town has not only remained stable in house price inflation but shown significant growth thanks to foreign investors and migration from other provinces.

Data a research group, Lightstone, recently analysed data of several million properties in the Western Cape and pinned the annual inflation rate at just under 4.0%, with a monthly rate of 0.27%.

One of the most interesting findings, the group said, is how the value and volume of properties compares between Cape Town and Johannesburg.

During 2008 the rand experienced its most dismal period to date performing exceptionally low against its global counterparts and the property market experienced negative growth on a national scale.

“Annual property inflation experienced similar growth nationally over the next four years. After 2012 however, the Western Cape and the City of Cape Town became increasingly more attractive to potential buyers,” Lightstone said.

Looking at the most expensive suburbs in Cape Town, Bishopscourt is the most expensive with an average value of R17.1 million, followed by Llandudno, Constantia Heights, Clifton, Steenberg and De Bosch in Stellenbosch.

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“With most property prices on the rise, first time buyers are looking at more affordable options in lower cost suburbs like Pelikan Park, Kayelitsha and Parklands,” Lightstone said.

Even though the forecast for the Cape Town property market remains stable for 2018, this could be subject to changes dependant on government’s planned land expropriation without compensation strategy, the group said.

“In the interim, the appetite for foreign investments in the Cape Town property market will provide the required strength within the industry; and the demand for secure estate living will continue where both freehold and sectional title should enjoy much needed growth.”

Latest Property Report – 1st quarter of 2018

Latest Property Report – 1st quarter of 2018

IN AND AROUND THE CAPE PENINSULA THE CITY’S MOST EXPENSIVE MARKETS CONTINUED TO SHOW THE CLEAREST SIGNS OF SLOWING PRICE GROWTH IN THE 1ST QUARTER.  Atlantic Seaboard, has seen its price growth slow the fastest off the highest base, while in certain more affordable sub-regions of the City there has still been some growth acceleration.

In the 1st quarter of 2018, we saw further slowing in house price growth in the City Bowl and the other major 3 sub-regions closest to the City Bowl, i.e. in and around the Cape Peninsula.

These sub-regions near to the city and the mountain have shown some of the strongest house price inflation of all of the Cape Town sub-regions over the past 5 years, and this prior deterioration in home affordability appears to have led to slowing demand, and thus price growth, in recent quarters.

The most expensive sub-region in the City of Cape Town Metro, i.e. the Atlantic Seaboard, has seen its average house price growth slow the most sharply off the highest base, from a revised multi-year high of 27.5% year-on-year in the final quarter of 2016 to 2.3% by the 1st quarter of 2018.

This does not surprise us, as this sub-region has experienced the most rapid cumulative growth of all the sub-regions over the past 5 years, to the tune of 111%.

The City Bowl started its price growth slowdown a little earlier than the Atlantic Seaboard, and has gone from its revised multi-year year-on-year growth high of 23.6% in the 2nd quarter of 2016 to 10.0% by the 1st quarter of 2018.

The Southern Suburbs, the other one of the “most expensive 3” sub-regions, saw further slowdown from 10.1% in the prior quarter to 8.4% in the 1st quarter of 2018, having gradually slowed from a multi-year high of 16.1% in the 2nd quarter of 2015.

Arguably reflective of the heightened search for relative affordability in or near to Cape Town’s prime place of employment, the City Bowl, is the indication that the most affordable sub-region within close proximity to the City Bowl, i.e. the Near Eastern Suburbs sub-region (including amongst others Salt River, Woodstock and Pinelands), shows the fastest house price growth of these “Major 4” sub-regions in or near to the Cape Peninsula.

Proximity to the City Bowl (and for that matter to Claremont Business Node) is becoming increasingly important as the city’s traffic congestion deteriorates. From a 19.4% high in the 1st quarter of 2016, the Near Eastern Suburbs House Price Index has also seen year-on-year growth slowing, but less significantly than the others, to reach 13.4% by the 1st quarter of 2018. It now has the fastest price growth rate of the Major 4 sub-regions surrounding Table Mountain.

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THE TREND OF SLOWING GROWTH IS LESS PRONOUNCED IN THE MORE AFFORDABLE SUBURBAN MARKETS, AND SOME SUB-REGIONS EVEN SHOW STRENGTHENING PRICE GROWTH.

Further away from Table Mountain, in Cape Town’s more affordable suburban areas, the pattern of “slowdown” in price growth remains less clear, and there has even been some acceleration in certain sub-regions. We remain of the belief that the extremely high prices in the areas close to the City Bowl may have been encouraging a portion of aspirant buyers to shift their home search to these more “affordable” City of Cape Town housing markets a little further away, in search of greater affordability.

All 3 major Northern Suburbs sub-saw double-digit average house price growth rates in the 1st quarter of 2018, with 1 out of the 3 showing a growth acceleration.

The Western Seaboard Sub-Region (including Blouberg, Milnerton and Melkbosstrand) saw a slowing in year-on-year price growth, from 14.7% in the previous quarter to 14.4% in the 1st quarter of 2018, the 2nd successive quarter of slowing growth.

The “Bellville-Parow and Surroundings” sub-region also saw its price growth slow, from 11.4% year-on-year in the final quarter of 2017 to 10.8% in the 1st quarter of 2018, after prior quarters of strengthening.

However, the Durbanville – Kraaifontein – Brackenfell sub-region continued to accelerate mildly, from 9.8% growth in the final quarter of 2017 to 10.1% in the 1st quarter of 2018.

Moving into even more affordable regions, ones which incorporate many of the city’s Apartheid Era former so-called “Coloured” and “Black” Areas, we have recently seen price growth accelerations.

This, too, we believe could reflect a mounting search for relative affordability after rapid price inflation in the higher priced “suburban” areas in recent years.

Therefore, we have seen the Cape Flats House Price Index experience a further growth acceleration, from 11.4% year-on-year in the previous quarter to 11.6% in the 1st quarter of 2018. The Elsies River-Blue Downs-Macassar Region has also seen house price growth accelerate further to reach 25% year-on-year, from 23.7% in the previous quarter.

CONCLUSION

In short, in the 1st quarter of 2018, the City of Cape Town has seen further mild slowing in average house price growth for the 7th consecutive quarter, although the most recent 10.0% year-on-year growth rate remains strong.

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Source:  John Loos FNB Property Barometer

This has been distributed by Chas Everitt Cape Town South

Leisurely rambles to invigorating hikes, something for everyone!

Leisurely rambles to invigorating hikes, something for everyone!

Whether you’re after a windswept coastal wander, a mountainous hike with spectacular views, or a leisurely amble through one of the Cape’s lush nature reserves, here’s our pick of the best hiking trails in and around the city. So, lace up your hiking boots and get cracking… And, let us know your thoughts in the comments below.

Important note:
Although the Cape is rich in natural beauty, tourists and locals are urged to take necessary precautions when exploring secluded areas, as crimes and accidents do happen.
Those venturing into the Table Mountain National Park should have the following emergency numbers on hand: 086 110 6417/ 107 or 021 480 7700. Criminal incidents should be reported to the nearest police station as soon as able.
We also recommend @safetymountain as a useful resource for hikers. This free safety tracking service allows you to notify local trackers of your contact details, intended route and travel time via whatsapp. You are then able to provide hourly updates on your progress, and to notify trackers when you are safely off the mountain.

It helps to have a map, and for that, SANParks and The Inside Guide recommends Slingsby Maps as an essential resource for hiking enthusiasts. Detailed maps of some of the Cape’s best hiking trails are available, including the Pipe Track, Cape Point and the Cederberg. Contact Slingsby Maps at 021 788 4545 for more information.

Hiking trails in Cape Town
Hiking trails around the Cape

Source:  https://insideguide.co.za/cape-town/hiking-trails/

This post brought to you by Chas Everitt Cape Town South

Computer Assisted Property Valuation

Computer Assisted Property Valuation

If you are moving home, getting a reliable property valuation is an essential step in the process.

A property valuation will give you an estimate of how much your house should be worth, based upon a number of different factors.

Even if you are not planning to move home straight away, house valuations remain an excellent tool to indicate a current market value and what improvements could be made should you want to potentially increase the value of your home without over capitalising.

By answering a few easy questions on the current condition of your home, our free property value calculator which uses the latest GIS (Geographic Information Systems) will give you an idea of how much money you could potentially make from the sale of your home.

Unique to Valuator we are also able to reference recent final property sales (selected Cape Town metropolitan areas) that have not yet been recorded in the Deeds Office which makes our report that much more current and reliable!

Get your free Valuator report today!
These reports are free until 1st June 2018

Valuator is a service operated in association with Chas Everitt by:

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New South African plug standard is mandatory for new installations

New South African plug standard is mandatory for new installations
South Africa’s new plug and socket standard, SANS 164-2 or ZA Plug, has become mandatory for new installations, the SABS confirmed to MyBroadband.

This means that any new buildings erected must incorporate electrical sockets that conform to the new standard.

An amendment to the wiring code introduced in 2016 stated that the ZA Plug would become semi-mandatory for new installations in March 2018.

Each new plug point must have at least one socket that can accommodate a ZA Plug, it said.

The amendment came into effect two months early, said the SABS, and from January 2018 all new installations must incorporate the ZA Plug.

The ZA Plug has the same hexagonal profile as the Europlug seen on cell phone chargers but includes an earth pin. It is substantially more compact than South Africa’s three-prong plug standard and has much thinner pins.

Adoption of the standard has been slow, however.

Gianfranco Campetti, the chairman of the working group that looks after the standard, said the industry has been slow to respond and use the standard in essential products.

He said the appliance industry, in particular, has been slow to provide goods with the new plug.

The switch

When the IEC first began development on IEC–906–1, which became IEC60906–1, it was trying to establish a universal plug and socket system.

Despite its efforts, commercial and political interests caused the standardisation initiative to fail in Europe – and Brazil and South Africa are the only countries to have adopted the 250V standard.

However, Brazil deviated from the standard by delivering either 127V or 220V mains using the same socket.

Japan and the US have plugs and sockets that are compatible with the IEC’s envisioned global standard for 125V sockets.

Talk of adopting the new standard began in South Africa in 1993, and a version of SANS 164–2 that dates back to 2006 is available online.

According to the SABS, the ZA Plug appeared in South Africa’s wiring code (SANS 10142–1) during 2012.

Old standard still legal

Although it is now required to integrate sockets which comply with the ZA Plug standard in new buildings, the old standard remains legal.

The wiring code amendment also does not affect existing buildings, including homes.

It is therefore not currently necessary for South Africans to switch the electrical sockets in their homes.

Article source

Innovative local students launch online textbook resale platform

Innovative local students launch online textbook resale platform

Bramble is an online platform aimed at connecting students wanting to sell or buy textbooks, as well as physical and electronic notes. This not only allows students to earn an extra income, but it also makes the learning process a whole lot easier.

As students ourselves, we understand the real life of a student and we hope to give you more room for the good life, more time for studying and, most importantly, more money at the end of the month.

The Bramble platform has one major beneficiary,

– the students.

We hope that the creation of a platform that allows students to set their own prices will allow shopping for textbooks to be more affordable and less stressful.


This post is sponsored by Chas Everitt International 

Water meter readings

Water meter readings

From the City of Cape Town:

Your home or business is connected to the City’s water network through a water meter, which usually sits in a small chamber under the pavement outside your property. We read your water meter once a month to calculate your monthly water and sewerage use.

How the City reads your water meter

The meter is read by a different person each month. We take a meter reading using a handheld computer terminal that contains core information about the property, such as the erf number and the address.

If we cannot read your meter (due to your gate being locked or other circumstances) and you do not submit your water reading, your bill will be an estimate based on your previous water use. All cost estimates will be reversed, if necessary, when we get an actual reading.

DID YOU KNOW?Well-run City: Each year, we replace about 9 000 old or malfunctioning water meters. 

You can help us get an accurate reading for your water meter by doing the following:

  • Make sure you know where your water meter is located.
  • Make sure it is not obstructed (e.g. by sand or weeds) and is easy to read.
  • Your water meter should be accessible to City officials at all times.
  • If your water meter is behind locked gates, or if dogs prevent the meter readers from taking a reading, you can submit the reading yourself (see below).
  • Alternatively, ask the City to relocate your meter to the outside of your house, via the City’s Service Requests application.

How to read your water meter

You can submit your water meter reading by calling 0860 103 089 or entering it online via your municipal account on our e-Services portal.

No matter the type of water meter, black numbers represent kilolitres and red numbers represent litres. As you are charged per kilolitre, only supply the black numbers when submitting your reading.

DID YOU KNOW?

Inclusive City: The City has installed free-call phones at some City facilities to allow you to make enquiries and request services at no cost.

Water and sanitation tariffs

All formal properties have water meters, which we use to read your water consumption and calculate your monthly bill. However, there are different tariffs for residences, businesses, and other organisations.

  • Understand the cost of water and sanitation in your home
  • Understand the cost of water and sanitation for your business or organisation

Report problems with your water meter

If your water meter is not being read regularly, is malfunctioning or needs to be relocated to outside of your property, please contact the City’s 24-hour call centre:

  • Call us on 0860 103 089 (choose option 2: water-related faults)
  • SMS: 31373 (max of 160 characters)
  • Whatsapp: 063 407 3699
  • Email: water@capetown.gov.za

You can also go to our service requests portal and report or request an issue online. If you need some help with how to place a service request or report an issue, please see Submit a service request.

For More Information

This post is sponsored by Chas Everitt Cape Town South

Red@Beau Constantia

Red@Beau Constantia

RED @ BEAU is a dedicated event to launch the Reddam Sports Foundation; A foundation that is committed to giving deserving students the opportunity to attend Reddam House – a fitting sentiment in that Reddam is Latin for “give back”.

In order to raise funds for the Reddam Sports Foundation, we have lined up two of the hottest acts in South Africa: LOCNVILLE and Freshlyground, to perform at Beau Constantia.

Our dress code for the day is strictly casual, with a splash of red…

If you are going to join us for RED @ BEAU, please remember the following:
• Cash, should you wish to purchase something from our Food Trucks, or drinks from our bar setups
• Blankets, as it can get chilly at night

** Please note; in the interest of responsible alcohol use and your own safety, we encourage you to make use of an UBER or taxi, rather than driving through. The estate will be CLOSED to vehicular traffic on the day, with limited parking available at Constantia Nek.

Tickets are available from Webtickets at R350.00 for pupils and R500.00 for adults.

Date: 24 February 2018

Time:  5 PM – 10 PM

Venue: Beau Constantia, Constantia Main Road, Constantia.

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This post is sponsored by Chas Everitt Cape Town South

KCW Ice Cream Sunday

KCW Ice Cream Sunday

Kirstenhof friends and neighbours! Please come out to support the Heifers and KCW’s “Ice-Cream Sunday” on 25th February 2018. We’ll have a special ice-cream van “patrolling” our neighbourhood and hope to see all of our neighbours and their kids out on their streets between 4pm – 6pm. Let’s put a wonderful sense of fun and community spirit back into our lovely neck of the woods.

** NB** Please let us know what roads NOT to miss so we can plot it out and we’ll let you know our planned route ahead of time. **

We look forward to seeing old friends and making new ones!

Date: Sunday, 25 February 2018

Time:  16:00

Place: Venue as advised

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This post is sponsored by Chas Everitt Cape Town South