Rising demand for homes in the southern Cape Town suburb of Bergvliet, combined with a simultaneous decline in the number of homes for sale, has put significant upward pressure on prices this year - and led to the recent sale of a home in the area for the record price of R4.63 million.
This four bedroom house in Bergvliet, Cape Town, has three bathrooms, a patio with built-in braai, semi-enclosed Jacuzzi and a lush garden. It is priced at R3.75 million - click here to view.The record sale was negotiated by Cecily Madison and John Pistorius of the Chas Everitt International Constantiaberg office, who say there were two other offers competing for the Starke Road property, which has excellent security and is situated close to the highly-rated Sweet Valley Primary School.
The agents say multiple bids in Bergvliet or its neighbouring suburbs of Kreupelbosch and Meadowridge are not at all unusual now. “Demand in these areas is high, for a number of reasons, and there is increasing competition among buyers for the limited number of homes for sale.”
The agents say this has caused prices to rise by as much as 12 percent this year - which is about twice the national average rate of increase, and puts the area much on a par with Lower Constantia, with most homes priced at R2.5 million to R3 million, and an increasing number of sales in the R3 million to R4 million range.
The major factors attracting buyers to the Bergvliet, Kreupelbosch and Meadowridge (BKM) area, include its relaxed, family-friendly atmosphere, proximity to popular beaches and forests, combined with a great location within easy reach of the Cape Town CBD, and excellent local schools.
This home in Bergvliet has three bedrooms and bathrooms, a study room and a braai area. It is on the market for R2.75 million - click here to view.“We also have a local security service, which is well-resourced and managed, a strong community commitment, clean parks and other public spaces; and a good variety of upmarket sporting, shopping and entertainment facilities,” say the agents.
Most homes in the area are large and set in spacious grounds along tree-lined streets, and most are good value for money.
The home which was recently sold for R4.63 million, for example, has five bedrooms plus a study, 3.5 bathrooms, 3 to 4 large living rooms, a designer kitchen, a double garage and a pool.
It also boasts a state-of-the-art security system and views from more than 1 200 square metres of garden, and was ultimately bought by a Constantia buyer for approximately 4.5 percent less than its asking price.
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