The average property value in City Bowl is approximately R2,110,000. When broken down by the type of property, the average prices in each category are as follows:
• Flats / Apartments: R1,950,000
• Houses: R2,100,000
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The City Bowl is a natural amphitheatre-shaped area bordered by Table Bay and defined by the mountains of Signal Hill, Lion's Head, Table Mountain and Devil's Peak.
The area includes the central business district of Cape Town, the harbour, the Company's Garden, and the residential suburbs of De Waterkant, Devil's Peak, District Six, Zonnebloem, Gardens, Higgovale, Oranjezicht, Schotsche Kloof, Tamboerskloof, University Estate, Vredehoek, Walmer Estate and Woodstock.
The Cape Town City Bowl has a wide range of property for sale. In general, most property located above De Waal Drive is residential, while property below tends to be more commercial.
Often houses and property for sale in Gardens are mixed-usage properties that provide a residential dwelling upstairs with the owners often running their businesses from the studio downstairs. This mixed usage can also be seen in shopping centres, such as the Gardens Shopping Centre, where residents live in the condominiums upstairs, and often work in the retail shops below.
Many of the residential properties in the City Bowl cater for the accommodation needs in the Cape Technikon students. This potential rental income from property for sale helps to offset the relatively high cost of buying a house in Cape Town Central, especially in the neighbourhoods near the college such as Zonnebloem, Vredehoek, Oranjezicht, and Gardens.
Unlike the "inner cities" found in most other cities in South Africa, Cape Town's City Bowl has a vibrant cosmopolitan atmosphere that reflects the lifestyle of it's residents. Nightlife in the City Bowl is found primarily in the cafes and restaurants that line the sidewalks of Kloof St and Loop St. This proximity is an attractive selling point for homes and apartments in Tamboerskloof area.
The heart of the City Bowl stretches from Oranjezicht through Gardens, Higgovale and Tamboerskloof.
Tamboerskloof is a very sought after, cafe society, suburb with small beautiful homes typical of Cape Town's architectural heritage. Tamboerskloof is situated on both sides of Kloof Nek Road, which is the main road leading from Cape Town up to the Table Mountain Cable Car, passed Signal Hill and over the neck to Camps Bay.
There is a substantial German community in Tamboerskloof due to the German School which is situated in this suburb, and the area has a vibrant cosmopolitan feel.
Access to the central city (CBD) is extremely easy and quick from property owners in the area, as is access to the Camps Bay and Clifton beaches.
Property for sale in the area offers a variety of rental opportunities if you are looking to invest, from older apartments for beginner tenants and newer developments for young professionals to lovely family homes.