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Family buyers favour Durbanville

22 Sep 2014

Professionals and family buyers especially are heading to Durbanville and are prepared to pay record prices for homes in the area.

This three bedroom house in D`urbanvale, Durbanville has a private braai room. It is on the market for R2.525 million - click here to view.

This is according to Seeff’s principal for the area, Joe van Rooyen, who says on the back of a significantly better mood in the market, the average price has increased year-on-year by 10 percent to R1.7 million. Amidst this, Seeff recently clinched three record sales of up to R5.5 million in Durbanville Hills and a record rental of R30 000 per month in Eversdal Heights.

The first is the sale of a luxury five bedroom home in Franshoek Street in Durbanville Hills by Seeff for the record price of R5.5 million, about R100 000 more than the previous highest price of R5.4 million, paid in late 2012.

A buyer also paid a record price of R4.3 million for a home in Proteaville (Protea Street), about R800 000 more than the previous highest of R3.5 million, set in mid-2012.

A three bedroom townhouse in Marissa Park in the suburb of Sonstraal was also sold for the record price of R1.7 million, significantly higher than the previous highest price of R1.2 million paid in November 2012.

This two bedroom apartment in Sonstraal Heights, Durbanville is selling for R739 000 - click here to view.

Van Rooyen says Durbanville ranks as one of the most desirable residential belts of the northern suburbs to live and work in and it continues to deliver solid capital growth. Top of the list of attributes is the rural tranquillity of the area that borders onto the picturesque Durbanville Wine Valley and the Durbanville Nature Reserve.

The location against the slopes of the Tygervalley Hills means that most residences enjoy views over the city towards Blouberg and across to Table Mountain and as far as the Stellenbosch mountains. And, with the N1 literally on the doorstep, residents enjoy quick access to just about anywhere into and out of the city in well under thirty minutes. Durbanville is of course also home to a large business node, especially along Wellington and Durban Roads.

To add to this, the top class facilities, from excellent schools to medical care and shopping facilities that range from smaller neighbourhood convenience centres, to large malls such as the revamped Tygervalley Shopping Centre, while other close by centres such as Canal Walk, Cavendish and the V&A Waterfront are also easily accessible. There are also plenty of excellent restaurants dotted around the neighbourhoods along with top class leisure amenities such as sports clubs, gymnasiums and more.

This five bedroom house in Goedemoed, Durbanville offers three living areas and entertainment areas. It is priced at R2.995 million - click here to view.

Given the diverse range of property on offer, from small sectional title starter homes to luxury houses on large stands with gardens, swimming pools and more, there is something in the area for everyone, he says.

Prices generally start at upwards of about R400 000 to R600 000 for two bedroom apartments, while townhouses range from about R1.2 million for a three bedroom unit.

Mid-sized houses sell for upwards of R1.3 million for a three bedroom home with a double garage. Luxury houses range upwards of about R2.9 million for a spacious five bedroom home in Goedemoed, to R6.5 million for a five bedroom designer home in Eversdal that comes with plenty of accommodation and a large stand of 1 875 square metres, with a garden and rock pool.

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