09 Jan 2013
The residential property market in Constantia offers buyers an excellent selection of upmarket homes at exceptionally reasonable prices.
This is according to Gerald Romanovsky, Rawson Properties’ senior Constantia agent, who when asked to select five examples that he would consider to be 'good value' Constantia stock, listed the following…
A five bedroom, two bathroom, two garage home on a 1 700 square metre stand priced at R3.1 million.
Romanovsky says they would be prepared to accept offers from R2.6 million. The original cottage, he says, was built in 1916 and the property includes a separate cottage and has a fully established indigenous garden.
At the current price, Romanovsky says, it represents an exceptionally good buy.
A second property on the market is perfect for dual living and is priced at R5.995 million.
Romanovsky says the property has two separate houses, each with two bedrooms, both en suite and open plan kitchen, dining and living rooms. The two sections have separate entrances offering complete privacy.
The stand covers around 2 000 square metres and has an attractive swimming pool.
Also on the market is a six bedroom, four bathroom Upper Constantia home in a prime location with great mountain views.
Sited on 2 000 square metres of level land, this home is north-facing and has extensive lawns and well-established, fully grown trees. It is priced at R5.995 million, however, according to Romanovsky the owners are prepared to accept offers from R4.995 million.
Another example is a five bedroom home in Upper Constantia with exceptionally spacious reception rooms.
This home is one of the ‘grande maisons’ of the precinct and is sited on 8 000 square metres of land, says Ramonovsky.
It has space for a large family plus horses and would therefore suit anyone planning to ride regularly in the Constantia area. Its position is prime as it is located in Hohenhort Avenue, just off Alphen Drive. This home is priced at R12.995 million.
Finally,a magnificently situated 1 350 square metre vacant plot of level land which is north-facing and has spectacular mountain views is also on the market.
This is a perfect place to build a new home and the asking price is R3.3 million, but offers will be taken from R2.5 million.
Constantia prices, Romanovky says, have been shown by the Western Cape Institute of Estate Agents’ data service, Propstats, to have been stable for over 11 months now.
He says price declines are now a thing of the past and some 12 percent of properties sold in Constantia in 2012 achieved their asking price.
The latest Propstats data indicate that properties have risen by just on 3.5 percent since June 2012, i.e. seven percent on an annual basis.
Romanovsky says the message should be clear - Constantia has retained its appeal, prestige and beauty.
Its excellent position will ensure that it will continue to attract local, upcountry and foreign buyers.
It also remains one of the safe havens for the long-term investor, particularly those able to recognise that the downturn cycle has at last bottomed out and upmarket homes in prime areas have moved into a new, far more positive phase from which Constantia is proving to be one of the prime locations.
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