Gentrification of suburbs like Zonnebloem is nothing new. Known as District Six the suburb of Zonnebloem is stooped in cultural history dating back to the Dutch and British rule of the country. The suburb was once a fishing village which was predominantly a Cape Malay quarter.
Due to the increasing demand for property in Cape Town the suburb was not spared of gentrification and this was to the advantage of property values which stems from the proximity of the suburb to the V&A Waterfront and other tourist attractions.
The benefit of the suburb is that most of the properties are apartments which are an ideal holiday property investment and introduction into the property market for fist time home buyers. These apartments are also favoured by buy-to-let investors with property values ranging form the mid R700’s to above the R1.5 mil mark depending on what the individual properties have to offer. Rental income ranges from R7000 to above R12 500 and may be higher for holiday apartments being let in peak season.
The modernization of the apartment buildings have gone to the extreme with indoor pools, gyms and sauna rooms to mention a few of the amenities being catered for.
The location of the suburb should not be overlooked as student accommodation as there are a number of institutions near to the suburb and student accommodation will remain prime investment prospects with stable income from this market segment.
The suburb is central to most important amenities like the train station, major roads and malls which mean the suburb is in a prime location.
For permanent residents there are schools conveniently close to the suburb like Cape Town High School, Trafalgar Secondary School and Disa Park Pre-School.
The community has become involved in the security of the suburb and this has had a positive effect on the image of the suburb and has decreased crime which was perceived to be higher due to the inner city label of the suburb.
Take tour of the properties on offer in Zonnebloem via the Myroof website.