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Cape Town’s affluent golf estate homes

28 Sep 2011

Cape Town's Greenways Golf Estate in the Strand is a property buyer’s den with increased property sales in the first seven months of the year.

The lowest priced house in Village Green is selling for R1.599 million while bigger houses sell for between R3.2 million to R12.7 million.

Estate agents say 14 property sales have been registered this year and that is equivalent to two a month.

In 2008, 28 property sales were concluded and at the height of the property cycle, 24 houses and 14 apartments were sold in Greenways Golf Estate, equivalent to four per month.

According to Johan Botma of Hightide Properties a Cape Coastal Homes/City Country Homes affiliate says there have been 18 transactions of registered property sales during the period July 2010 to July 2011.

Botma says buyers are interested in Greenways Golf Estate because buyers can purchase one of the vacant beachfront erfs in a golf estate within the Cape Town Metropole.

Prices range between R2.25 million (545 square metres) and R2.3 million (575 square metres) making it best value for money in a secure seafront lifestyle golf estate, one of the best opportunities available in the Western Cape, he says.

He explains that the average house prices sold in 2010 were priced between R1.4 million (smaller Victorian themed houses in Village Green) and R3.75 million in St Andrews Drive.

In the first seven months of 2011, the average house price was R2.24 million while the median house price was R2.5 million.

The average price for apartments is R833 889 and median prices R725 000.

According to Lightstone the average prices achieved in 2010 at Greenways were R950 000 for apartments and R1 986 000 for houses.

Lightstone reports that the suburb of Greenways is the 314th most expensive suburb in South Africa with an average price of R2.33 million.

This ranks nationally on the same level as Voelklip in Hermanus, Pierneef Park in Johannesburg and Woodlands Golf and Country Estate in Bloemfontein.

In Cape Town, Greenways is ranked number 63 as the most expensive suburb price wise and falls in the same league as the likes of Oude Westhof, Claremont, Bloubergrant, Golden Acre, Monte Sereno in Somerset West and Valmary Park.

False Bay borders the golf estate along the peaceful section of the Strand beach area and is framed by Hottentots Holland and Helderberg mountains with magnificent views.

Sectional Title apartments at The Emerald Bay are selling at an average price of about R12 000 per square metre.

Botma says the mashie golf course and garden areas provides residents with ample open public spaces while still offering a sense of community.

Facilities include a clubhouse with a swimming pool and tennis courts, a restaurant and bar area as well as conference facilities.  

Greenways Golf Estate is ideally located close to two of the best golf courses in South Africa, Erinvale and De Zalze, wine farms, regional shopping centre and not far from Cape Town and Stellenbosch universities.

“This quality location makes Greenways a lifestyle choice which will in the near future only be available to the most affluent.”

The lowest priced house available at present is in Village Green selling for R1.599 million and bigger houses are priced between R3.2 million to R12.7 million.

Botma says The Emerald Bay sectional title apartments has also attracted attention with four registered sales during the period selling at an average price of about R12 000 per square metre.

He adds that other apartment complexes in Greenways offers an affordable choice with prices starting at R695 000 to R950 000 for a three bedroom apartment measuring 72 square metres. – Denise Mhlanga

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About the Author
Denise Mhlanga

Denise Mhlanga

Property journalist at property24.com

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