Calculate property only once and use the result several times (different approaches)

Question

I'm trying to use the result of a class method several times without doing the heavy calculations required to obtain the result.

I am seeing the following options. Which ones do you think is the right one, or more pythonic?

What are the advantages and disadvantages of each one?

Try/Except approach

class Test:
    def __init__(self, *args):
        # do stuff

    @property
    def new_method(self):
        try:
            return self._new_property
        except AttributeError:
            # do some heavy calculations
            return self._new_property

lru_cache approach

from functools import lru_cache

class Test:
    def __init__(self, *args):
        # do stuff

    @property
    @lru_cache()
    def new_method(self):
        # do some heavy calculations
        return self._new_property

Django's cache_property approach

from django.utils.functional import cached_property

class Test:
    def __init__(self, *args):
        # do stuff

    @cached_property
    def new_method(self):
        # do some heavy calculations
        return self._new_property

Answer 1

Python 3.8 update: You can now use functools.cached_property

from functools import cached_property

class Test:
    def __init__(self, *args):
        # do stuff

    @cached_property
    def new_method(self):
        # do some heavy calculations
        return self._new_property