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Kommetjie, a location synonymous with coastal living, has long drawn international investors looking for a break-away from city life or chasing the Cape’s idyllic summers.
The post pandemic shift in property trends in Kommetjie, as well as a persistent shortage of sales stock, has driven developers to launch unique products to the market including luxury apartments, Village Lane, and Riverside Village, offering fully serviced vacant erven at remarkable prices when compared with similar products available.
Property24 statistics and deeds office records have shown that post-pandemic, the average property selling prices in the area are up 20% from 2021. Additionally, in 2021 Kommetjie saw a record number of property sales since 2016, with an estimated 139 sales registered.
There has been a notable shift in the demographics of buyers. Deeds office records for the past 6 months shows that 51.9% of buyers are between the ages of 36 and 49, a fascinating contrast from previous years where the 50 – 64-year age group dominated the market as sellers, buyers, and property owners in the area. These trends can be interpreted as an increase in Kommetjie’s popularity as a suburb to settle or raise a family.
A small suburb, akin to a Village, Kommetjie is persistently short of property stock. In November 2022 there was a total of 58 properties listed for sale of which approximately 35% were commercial or vacant erven, and 55% being family homes of 3 beds or larger. Average selling prices range between R 3.5 million and R 5.6 million respectively and in December 2022, popular property listing portals Property24 and Private Property had no rental properties available in the area.
A recent Lightstone Properties report from 2021 confirmed that semigration to small towns in the Western Cape was on the rise, specifically among residents of Kwa-Zulu Natal and Gauteng. Local estate agents also confirmed the increase in queries from these regions with special interest in estate living.
Responding to the increased demand for property in the area, the shift in trends and the shortage of property stock, local developers, Kommetjie Developments and Red Cliff Property launched two unique developments to the market, both of which have been met with impressive positivity.
Village Lane, launched in 2021, is an intimate sectional title development consisting of only 30 two- and three-bedroom apartments, and 1, one of a kind Penthouse, a first to be launched in Kommetjie in decades.
Both phases are currently sold out, with Phase 2 having sold out to a waiting list within a week of its launch. The fully secure, gated development offers buyers unrivalled views of Table Mountain and the Atlantic Ocean, a secure environment hugged by lush Milkwood clusters and apartments fitted with modern finishes for maximum convenience. Located just 500m from pristine Long Beach, Village Lane is the epitome of coastal living and lock-and-go ease.
Considering the needs of all buyers, each apartment includes a dedicated storage unit for the keeping of surfboards, sporting equipment or excess clutter. Fiber ready apartments with ports in all living areas, Kommetjie joins coastal towns such as St Helena Bay and Plettenberg Bay in the ‘zoom town boom’, enabling residents to work from home. Despite its humble appearance, Village Lane utilizes technology such as facial recognition and remote app access control in its security features.
Located a mere 1.8km away is Riverside Village. Launched in October 2021, the development offers buyers fully serviced vacant erven with a design manual, providing buyers with the freedom to construct the home that suites their need but within parameters to maintain the integrity of the visual impact.
With a fully fenced perimeter, access monitoring, CCTV cameras, armed response and guard patrols, residents enjoy the benefits of estate living but with internal services remaining public, avoid inflated levies synonymous with private developments. Located just 1.1km from Long Beach, 2km from Generation Schools, and with direct access to the Bokramspruit River Corridor, a conservation area abutting the development, buyers are afforded a secure, convenient lifestyle surrounded by all the natural beauty of the Cape’s Floral and Faunal Kingdom.
Plot prices started at R 710,000.00 and the market responded extremely positively. The first three phases sold out within a month of launch and is currently 70% sold out. Current plot prices range between R 900,000.00 and R 1,200,000.00, extremely reasonable when compared with the average plot price in the are being R 3.85 million according to Property24 data.
Surrounded by a multitude of amenities including world-class education facilities, private medical suites, retail centers, recreational opportunities and a newly developed commercial precinct at Imhoff Farm, Kommetjie offers an all-inclusive lifestyle for buyers with any need. Surrounded by national parks, pristine beaches and a multitude of tourist attractions, there are endless opportunities on your doorstep.
Village Lane’s Phase 3 will launch to its waiting list on the 15th of December and will offer 10 two- and three-bedroom apartment opportunities, and an exclusive Penthouse, never to be repeated. Riverside Village has just 18 available opportunities with the developer only considering a launch of future phases in the second half of 2023. Buyers should avoid hesitation and contact local agents immediately.
For more information contact:
Village Lane
Nikki Avsar – Project Manager
WhatsApp Business: +27 64 900 8395
Riverside Village
Nikki Avsar – Project Manager
WhatsApp Business: +27 66 221 7931
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*Property24 Listings Data Disclaimer: The trends detailed in this article are based on Property24 listings, current at the time of publishing, and property transfer data supplied by Deeds offices, which typically take 3-4 months to reflect. Suburbs are listed according to Property24's geographical database. In some areas this will include both commercial and residential properties. The age demographic data of buyers, sellers and stable owners is determined over a six-month period. These Property Values should not be used as a substitute for independent professional advice and is subject to Property24.com Terms and Conditions.
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