Monarch, the ‘Jewel of Tygervalley’, offers investors simplicity with a modern twist
Tygervalley, which sits in the nucleus of Durbanville and Belville in Cape Town’s Northern Suburbs, is arguably one of the city’s best locations for residential property, outside of the CBD. In proximity to the R300, the area boasts immediate access to numerous amenities, retail offerings and business opportunities, boasting top par infrastructure.
With a shortage of developable land, Tygervalley is also one of Cape Town’s highest potential areas in terms of growth for residential movement with an estimated 5 000-rental unit shortage and a 2 000-unit sales shortage according to a Demacon study.
Situated on one of the last few prime parcels in the area, Monarch, a modern, four-storey 255-unit sectional title development by WCB Property Developers, offers investors studio apartments from R999 000 and two-bedroom apartments from R1 499 000, all featuring built-in braais, private balconies (first to fourth floors), and large-scale exclusive use areas for the pet-friendly ground floor units.
A render of a one-bedroom unit in Monarch (Type 1).
“Outdoor living, entertaining, and braaiing are a way of life in the Northern Suburbs, and we’ve made it a priority to incorporate these features in every unit,” says Wesley Beneke, founder and CEO of WCB Property Developers. “We’ve observed that shared open spaces often go underutilized, as residents prefer the comfort and privacy of hosting in their own spaces.”
Each unit’s sleek architecture incorporates a fully fitted kitchen with engineered stone tops and Bosch appliances, internal built-in cupboards and large-scale sliding doors. In addition, the developers have installed ceilings with down lights, providing investors with a smooth, aesthetic look.
A render of a ‘Type 1’ kitchen.
“With the Monarchdevelopment, we embraced a fresh design approach,” he says. “Tygervalley, with its last residential project completed around a decade ago, is characterized by older building styles. We aimed for a clean, modern aesthetic, from the sleek façade to the contrast between traditional balustrades and contemporary steel designs”.
The 7 500m2 site, comprising derelict houses to be demolished, will feature Phase 1 (Block C of 100 units, closest to Old Oak Road) and Phase 2 (Block A & B of 80 and 75 units respectively), situated on the northern and eastern side of the property.
With pre-approval from ooba Home Loans and no bond fees, transfer fees or transfer duty, Monarch presents a compelling case for investors, as not only does it comply with the SECTION13SEX tax incentive which allows purchasers of five or more units to claim up to 55% of the purchase price as a tax deduction, the units are Airbnb/short-term rental friendly too.
“Investors can expect rental income starting from R13 000 per month, depending on the unit, with ground floor units featuring exclusive-use areas fetching closer to R17 000,” says Wesley. “We anticipate significant capital appreciation with buyers likely to see rental yields of around 13% and a return on investment (ROI) nearing 22%.”
It is becoming more evident that Tygervalley is the only alternative growth opportunity outside of Kraaifontein and Fesantekraal.
“We believe decentralization from Cape Town’s CBD is inevitable. With long commutes becoming unsustainable, we’re seeing major companies investing in the City of Cape Town’s ‘Second CBD’ by relocating to areas like Tygervalley”.
“Tygervalley presents an excellent opportunity for both residential and commercial growth, with our research indicating potential for an additional 27 000m² of retail space.”
“With a significant shortage of rental properties, Tygervalley’s market is well-positioned. It’s the ideal location for residential investments, and with Monarch—an expertly designed development with premium finishes—investors will have no trouble securing tenants,” he concludes.
For more information on Monarch, contact Kim Wilkinson and Nadine Pretorius (+27 71 497 0333) from Only Realty.
About WCB Property Developers:
Established in 2016, WCB Developers is a 100% black-owned property development and construction company, focused on delivering affordable housing. Their first project, Solaris Crest in Eerste Rivier, brought 342 units to market and was completed in 2023. This was followed by The Wynne in Parow, which saw 309 units on Voortrekker Road sell out swiftly, along with the successful execution of the Rosemary Estate freehold plot-and-plan development. In addition to these projects, WCB is behind the exciting Twenty1 Rosebank development in Johannesburg.
WCB Developers has also completed numerous construction projects, further solidifying its reputation as a leader in the industry. With a robust three-year pipeline of over 2 000 units across Johannesburg and Cape Town, WCB continues to shape the future of affordable housing in South Africa.
