Lifestyle estates offer security and convenience and have become a major property trend in South Africa. They create a sense of security for the residents while giving them the peace of mind to enjoy the amenities incorporated within the estate: shopping and recreational facilities, jogging tracks, gyms, clinics, offices and public open spaces.
But new trends have shown that potential buyers and tenants are more inclined to settle where there are schools within safe walking distance from their homes. While short commuting distances are also agreeable, their preference is to live close to the school.
Somerset Lakes recently commissioned an independent study on the demand and growth impact of including a good school within a lifestyle development. Their research shows that estates developed in conjunction with a school result in a 10% to 15% higher property price growth potential compared with homes near private schools developed in pre-existing residential areas. Very similar trends were noted throughout South Africa.
Somerset Lakes in Somerset West, just outside Cape Town, is one of these developments providing an upmarket lifestyle with various residential options ranging from townhouses and apartments to single residential units. Beyond its security and lifestyle features, Somerset Lakes has an established Reddam House School within its confines.
A definitive statement of excellence in private education, Reddam House is a co-educational, non-denominational, independent school group designed to inspire students to achieve their maximum potential in a nurturing, progressive academic environment. It offers a fresh and contemporary approach to education catering for children between the ages of one and 18 years. The Somerset Lakes developers are confident that their partnership with Reddam House School will provide a positive investment case for Somerset Lakes home owners.
Security has become a major issue to consider in South Africa when buying a new home. Besides the general security offered by living in a residential estate, what greater peace of mind could you have than knowing your children are perfectly safe walking to and from their school every day? This closeness also frees parents from the endless daily chore of having to cart children to and from school for after-school activities and sports events – also allowing them to participate in the outdoor activities and lifestyle benefits offered by the estate.
For this reason, an investment in Somerset Lakes is a good lifestyle investment opportunity for potential families.