Urban density necessitates smaller homes, and this shift in consumer behaviour is the inspiration behind Blok’s latest development, SIX ON N in Sea Point. Described as a solution for those seeking a more agile and affordable investment, the development of 87 apartments include several that are compact (starting from 25m2) yet innovatively designed to make use of all available space. Apartments are fitted with integrated workstations for work-from-home ease. Blok’s signature Raw finish adds to the affordability of the apartments; prices start from R1,1m, including VAT.
“As consumers and urban citizens, our needs are changing,” says Blok MD Jacques van Embden. “While private spaces are becoming smaller to retain affordability and flexibility, shared amenities and better community areas are becoming a greater feature in people’s buying decisions and lifestyle choices. As developers, we aim constantly to evolve our design strategies to welcome these changes.” SIX ON N has a shared roof deck with a swimming pool, a fitness studio, shared working spaces and private boardrooms that can be reserved by residents, and an on-site deli.
While current market conditions are certainly volatile, Van Embden highlights that property remains one of the more secure investment types. “Even when a property is purchased in a recession, its yield remains stable over a longer period.” He says the current climate has opened up suburbs and opportunities to those who were previously priced out of owning property. “With SIX ON N, we’re aiming to shrink this gap between buying and renting,” he says. “You now have the chance to own an apartment in a prime investment location – with all the lifestyle benefits it offers – for approximately the same as it would cost you if you were renting.”