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Different groups eyeing Tokai

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Starting out or downscaling, the area has something for everyone, including good schools, retail and hiking.

Tokai has many smaller free-standing properties on ­manageable plots which offer an accessible entry price of between R2.8million and R3.5m as well as low-maintenance convenience, says Herculene Visser, area specialist for Lew Geffen Sotheby’s International Realty.

Visser says: “The market has continued to show steady growth, so buyers are increasingly attracted by the knowledge that further investment in renovation costs will add value to their properties.

“Propstats data shows that in 2014, during the last property boom, the average house price in Tokai, excluding the estates and Zwaanswyk, was R3.06m with homes spending an average of 38 days on the market.

“And, in spite of the slowing economy and dip in the general market, by October this year the average sale price had risen to R4.01m and, at an average of 49 days, was taking only marginally longer to sell.”

Visser says part of Tokai’s appeal has always been that the suburb offers buyers a wide choice of home options across broad price bands.

She say most popular are three-bedroom, two-bathroom homes on small to medium erven of between 600m² and 1100m², with the majority of buyers being from the Western Cape.

Most of the downsizing buyers are from suburbs like Constantia who are looking to move to lower maintenance properties but wanting to stay in the area.

“Tokai has always been a traditional suburb comprising 99% freehold properties where buyers settle for life, often only leaving the family home when the time comes to move to retirement accommodation.”

Lew Geffen, chairman of Lew Geffen Sotheby’s International Realty, says the lifestyle Tokai offers also draws investors.

“Tokai is a tranquil, lush, green and tree-lined suburb.

“Residents enjoy the same comfortable, upmarket lifestyle as people living in Constantia with access to all the same amenities, but at a lower cost.

“Several of Cape Town’s top schools, including Reddam, the American International School, Waldorf and Wynberg Boy’s and Girl’s junior and high schools are close by, and the area is also home to some excellent medical facilities.”

Geffen says there is a wide choice of restaurants, cafes and wine farms situated nearby.

The Blue Route Shopping mall, Steenberg Shopping Centre and Constantia Village are all within short driving distance.

“Tokai esidents also enjoy a wide array of recreational and outdoor facilities right on their doorstep, including several mountain biking and hiking trails in the Tokai ­­forest, the famed Tokai Arbortetum, and access to two top golf courses.”

Visser says other key factors that attract buyers to the area include the strong sense of community, the committed neighbourhood crime watch, the area’s cleanliness and neatness, and its pet-friendly environment.

Property360

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