Fisantekraal has something for everyone, from smallholdings and farms to security estates, upmarket townhouses and an ambitious housing development that will see a new "town" rise on the horizon.
As the leading edge of urban development to the north-east of Cape Town, Fisantekraal presents a mixed property picture, incorporating smallholdings and farms, upmarket security estates, some light industry, an old township, an informal settlement and the huge Greenville housing development.
To the west lies what remains of the original Groot Phesantekraal farm. It was given to its first owner, Olof Bergh, by Governor Simon van der Stel in 1698, and is now run by a fourth generation of the Brink family, whose ancestor Arend Brink acquired it in 1897.
Also called the North-East Corridor in terms of the metro’s long-term spatial planning, the Fisantekraal development area is roughly bounded by the R302 (Malmesbury road) to the west, the R312 (Wellington road) to the north, and the R304 (Stellenbosch road) to the east.
However, says Egbert Meyer, area specialist for the Chas Everitt International property group, residential property activity is concentrated along its southern edge, in luxury Durbanville estates such as Graanendal and Welgevonden as well as Uitzicht, the Buh-Rein precinct, and the Joostenberg Vlakte agricultural holdings.
Graanendaal, developed on a portion of the original Groot Phesantekraal, offers mountain and vineyard views and a country lifestyle combined with easy access to top schools, business and medical facilities, and its own convenience shopping centre.
According to property data company Lightstone, the average price of freehold homes in the estate is around R2.2 million and the average price of stands is R1.425m.
The statistics show the biggest cohort of buyers in the estate (42%) are older than 60, although 28% are people aged 35 to 50, who are typically parents with school-going children.
Developers have launched the Graanendal Lifestyle Village, which offers upmarket townhouses from R1.85m to R1.95m, says Meyer.
In neighbouring Welgevonden estate, the average home price is R2.825m, according to Lightstone, and 38% of residents are aged 35 to 50. The estate offers spacious three- and four-bedroom family homes with private gardens and pools in a secure environment with 24-hour access control.
“In Uitzicht there is a wider variety of homes, including sectional title apartments at an average price of R675 000, suburban houses at an average of R1.8m and homes in security complexes and estates such as Avalon ranging from R1.7m to R3.8m. There is accordingly also a more even spread of buyers, with 36% aged 35 to 50, 32% aged 18 to 35 and 28% aged 50 to 65,” he says.
To the east, on the northern edge of Kraaifontein, is Buh-Rein, the large development by Multi Spectrum Property which offers modern apartments, townhouses and free-standing homes in a series of secure “villages”.
The estate has sports and recreation facilities, and will soon have its own shopping centre.
Prices range from R520 000 for one-bedroom apartments and R650 000 for two-bedroom apartments up to about R1.7m for three-bedroom townhouses and houses.
“For those who hanker for the country life and a property where they can keep horses and livestock or grow their own food, Joostenberg Vlakte to the east of Buh-Rein offers family homes on smallholdings ranging in size from 0.5 hectare to 5ha,” says Meyer. “Prices begin at around R3m climbing to R6.5m, depending on the size of the land and improvements as well as the size and condition of the house on the property and any business run from the property.”
Several kilometres to the north, along the Malmesbury railway line, lies the old Fisantekraal township made up of about 1 300 dwellings, and the large informal settlement that has developed around it.
“This is where the Greenville development is being done by Garden Cities, with the eventual plan being to build more than 16 000 new homes in an integrated ‘town’ that will have 12 new primary and high schools, a new transport hub, retail and medical centres, sports grounds and other community facilities,” says Meyer.
Greenville is being developed in partnership with the City of Cape Town and the Western Cape provincial government, and while it will eventually include bonded homes for sale to both first-time and repeat buyers, Garden Cities CEO John Matthews says the group understands the desperate need to first house people from informal settlements and provide affordable rental stock and gap housing.
The early stages of the development will, therefore, concentrate on the provision of what is termed Breaking New Ground housing for lower-income residents. They will be enabled to buy homes with government housing subsidies they receive through the City of Cape Town.
Almost 900 Breaking New Ground homes will constitute the first phase of Greenville, and hundreds have already been handed over to new owners. Employment opportunities are also being created both in and around the development.