Famed for its picturesque vineyards and home to a university of historical significance, Stellenbosch is a highly desirable town. However, rising home prices and scarce accommodation force many young professionals and students to commute daily from afar.
The proximity to Stellenbosch University adds additional value, particularly as the university can accommodate only a third of its 30 000 students in official residences.is a practical option for mature students, offering solid investment potential for parents and investors seeking capital growth and strong rental returns.
‘Availability of rentals is a huge problem too. We’ve just launched our rental list to our waiting list and properties are being snapped up.’The IlexThe units, starting from R990 000, will be a mix of studios and one-, two-, and three-bedroom apartments and penthouses catering to single occupants and families alike.
Homes at Newinbosch are EDGE Advanced certified, which not only reduces operating expenses due to the buildings being at least 40% more energy-efficient and 20% more water- and material-efficient than conventional buildings but also qualifies home buyers for a further 0.25% ‘green’ concession on their interest rate with participating banks.
‘Cash buyers must give guarantees before transfer. Meanwhile, your investment can increase in value throughout construction, enabling substantial profits if you sell before or on transfer.’