The uplifting impact of new developments on established adjacent suburbs can be very beneficial
Category News
The uplifting impact of new developments on established adjacent suburbs can be very beneficial, says Rowan Alexander
One of the maxims which Alexander Swart Property management repeat again and again to buyers is, “Be aware of the trends and the future prospects of the areas which you favour. These can work to your harm or to your benefit”.
One wholly positive trend, says Rowan Alexander, Director of Alexander Swart Property, is the uplifting effect that good new development corridors have on the already established suburbs next to or near to them.
“New developments often complete the enclosure of existing suburban areas and the consequent lack of expansion opportunities and new land inevitably raises the value of existing stock in these areas,” says Alexander. “At the same time the higher prices and more modern designs of the new stock coming on stream in the adjacent areas also raise the value of the older stock nearby. It can pay, therefore, to buy in an established area alongside which good new developments are taking place or will take place.”
Northern Suburbs corridors which fall into this category (i.e. can expect upliftment), says Alexander, are:
1. The territory bounded by the Wellington Road corridor to the east of Durbanville. This includes the existing suburbs of The Crest, Uitzicht, Graanendal and Durmonte.
2. The areas north of Kraaifontein. The relevant suburbs likely to be affected here by new development on their fringes are Bonnie Brae, Bonny Brook and Langeberg Heights.
3. The Bottelary corridor to the east of Brackenfell. The precincts that will probably be affected here are Brackenfell South, Amandelrug, Rouxville and Hazendal.
“When we predict that these territories will be subject to an upliftment as a result of adjacent development,” says Alexander, “we have also to remind buyers not to be impatient. In these areas one must think long term, perhaps a period of five or more years. The principle, however, remains sound. Good new Greenfield developments in the hitherto undeveloped territories adjacent to established areas always uplift the latter significantly.”
For further information contact Rowan Alexander on cell phone number 082 581 3116 or by email rowan@asproperty.co.za.
Author: Independent Author
