Thinking about holiday rental investment property in Higgovale? This affluent, leafy suburb lies on the slopes of Table Mountain, overlooking the city. Home to a range of beautiful houses and short term lets, the area is quiet and peaceful, while still being just minutes away from the CBD.
Higgovale lies to the south of Camps Bay Drive, bordered by Camps Bay to the west and Oranjezicht to the east, with Lions Head in the north west. Small roads travel up steep hills, with properties perched at strategic locations to get the most from the jaw-dropping views. With no commercial property here (or even restaurants), Higgovale makes the ideal choice for honeymoons, much-needed holidays and even business trips that require a central yet tranquil locale.
Why Consider Holiday Rental Investment Property in Higgovale?
What makes Higgovale a good choice for your holiday rental investment property? The area offers a few advantages to savvy property investors. Some of the top reasons that Higgovale has become so sought-after include the following:
- Location. Location really is everything – especially in Cape Town. Higgovale forms part of the City Bowl, but is not really in the city. The suburb overlooks the Atlantic Ocean, but is not on the coast. The CBD can be accessed easily and quickly from the suburb, while the beaches of Camps Bay and Clifton are a short drive away along a scenic road that offers amazing views. Because the area lies on the slopes of the mountain, it is as remote as a residential area in the City Bowl gets. Lush vegetation and natural landscapes abound. For guests, this means having the chance to stay in their very own mini-forest, which feels miles and miles away from town.
- Property. You won’t find any shabby fixer uppers here, but you will certainly find a good selection of world-class villas, apartments and holiday homes. Apartments are typically smaller complexes that are able to blend into the surrounding landscapes without ruining the views. The majority of properties fall within the 4 to 5-star grading range. Most properties boast large gardens with mature trees. Some are directly on the mountain, while others face the ocean. While property prices reflect the area’s premium status, there is enough of a diversity for investors to find good deals when searching for property to buy in this area.
- Exclusivity. Another advantage of this area is its reputation. Higgovale has long enjoyed an excellent standing as a gracious, affluent suburb that is sought-after by property buyers, renters and investors alike. The lack of commercial enterprise, restaurants and noise has further added to the area’s appeal. In the often busy, frantic urban hub of Cape Town, Higgovale has become a sanctuary that is ideal for holidays and rest. If your core market is the leisure travel market, you will have no trouble keeping your bookings up. Even if your market is comprised of business travellers, the area’s location, reputation and beauty will attract corporate high fliers seeking somewhere a little bit away from the inner city.
As a dedicated holiday rental management specialist, Totalstay works with property owners across the most popular areas of Cape Town. Our portfolio of apartments, villas and aparthotels include properties in Higgovale and other parts of the CBD and Atlantic Seaboard. We offer a full service approach to rental management that covers everything from day to day maintenance, to booking management, concierge, housekeeping and active marketing across multiple channels. To find out more about working with Totalstay, contact us today to arrange an evaluation of your holiday rental investment property.