Melkbosstrand, the Cape West Coast village just 27km north of Cape Town, has proved to be one of those desirable residential property pockets where price stability through the downturn period has bucked the trend seen in many other areas.
Melkbosstrand’s close connection with the sea has always been one of its main attractions with fishing, kite surfing, sea kayaking and surfing always being extremely popular. Despite a number of great beachfront restaurants, the village has managed to retain its rural atmosphere.
This is according to David Evans, co-franchisee for Rawson Properties in the area, who says an influx of new residents and new restaurants has given the village a big boost and from about June/July 2012 his franchise began to see a steady increase in demand and sales. He believes this will continue for the year, as the number of enquiries now being handled is nearly double that of the same time last year.
The demand, says Evans, has been especially evident in the lower priced units, which at Melkbosstrand means freestanding homes priced from R950 000 to R1.6 million and sectional title units priced from R700 000.
“The friendly communal spirit of Melkbosstrand coupled with the village atmosphere and its close links with the sea (it has a rubber duck slipway and fishing and kite surfing have become very popular here) have always appealed to people.
This three bedroom, two bathroom home on sale for R2.395 million. It has three reception rooms, a double garage, a staff room and a park-like garden with a borehole.
“Furthermore as the village is encircled by reserves which restrict further development in the area, the existing homes will become that much more valuable,” says Evans.
Another positive change in Melkbosstrand’s life, says Evans, is the upcoming introduction of the new MyCiti bus service, which is now nearing completion. This service will enable residents to travel to Cape Town in less than 45 minutes on a dedicated bus route for about R15 per trip.
Melkbosstrand rentals, adds Evans, have also taken an upturn in the second half of this year and an entry level apartment will now cost in the region of R3 500 to R4 000 per month and beachfront units can be priced at anything from R10 000 to R20 000 per month.