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Spotlight on Vredehoek

Category Cape Town Property

With its back to Table Mountain and its face towards Table Bay, it continues to offer residents a tranquil environment as well as spectacular city, harbour and mountain views. “Add an excellent location in relation to the CBD and many of the main attractions of Cape Town, convenient shopping, top schools and some superb restaurants, and it is hardly surprising that Vredehoek continues to gain popularity among property buyers – or that property prices here have rocketed in the past few years,” says Adel Louw of the Chas Everitt International City Bowl franchise.

“Vredehoek has become really trendy now, and many of the older homes and flats have been extensively renovated and modernised to meet the demands of young professionals and executives seeking to live within the City Bowl area while also enjoying a quieter, more suburban atmosphere. This urban revival is also being furthered by some of the city’s top architects and developers like Signatura, who are designing and building some spectacular new homes and apartment blocks here.

“The suburb is of course also home to the three-tower Disa Park complex on Clifford Avenue, she notes, but for now is still largely characterised by red-roofed cottages and double-storey family homes, low-rise Edwardian apartment buildings, and parks set along narrow, leafy streets, and the appeal of this tranquil ambience has led to steadily rising demand and a 195% increase in the median house price over the past 10 years, to R5,6m currently.”

Over the same period, according to property data company Lightstone, the median apartment price in Vredehoek has risen by 178% to R2,7m – and Chas Everitt International has just concluded the sale of an 81sqm, two-bedroom apartment in the area for R3,69m.

Vredehoek also offers outdoor enthusiasts some great opportunities for hiking and trail biking on Table Mountain, and Louw says it also doesn’t hurt that the area is so close to the Cape Town CBD and V&A Waterfront, and on a MyCiti bus route, which makes it unnecessary for those working in the city to face driving in peak-hour traffic.

This proximity has also made it a popular choice for tourists and business visitors to Cape Town, and an increase in the number of guest houses, B&B’s and holiday apartments to let in the area has led to the establishment of several new restaurants and entertainment venues in the Upper Buitenkant Street and Derry Street nodes.

For residents and tourists alike, there is also very convenient shopping at the Gardens Centre on Upper Mill Street, which is anchored by Pick ‘n Pay and Woolworths and has dozens of specialty stores, service outlets, and restaurants. Schools in the area include the United Herzlia schools, the Good Hope Seminary for girls and St Cyprians girls’ school on the border with Oranjezicht, and Vredehoek is also only a few minutes’ drive to the University of Cape Town.

The Lightstone statistics show that there have been 39 freehold home sales in Vredehoek in the past 12 months at an average price of R6m, and 127 sectional title sales at an average price of R2,84m.

The prices of properties in the area that are currently being advertised for sale start at around R1,1m for a studio/bachelor apartment in one of the three Disa Park towers, and range from around R1,45m to R2,9m for one-bedroom flats. The price range for two-bedroom apartments is from R2,1m to about R4,25m, depending on views, size and finishes, while prices for three-bedroom units start at around R4,3m. Penthouses in stand-out new developments such as Trinity Gardens, The Arum and The Adelphi range from around R5m to R9m.

When it comes to freehold homes, buyers can expect to pay around R3,5m for an older, three-bedroom house, and up to about R9m for a four or five-bedroom mansion with expansive views, a pool, and two or three garages.

CAPTIONS

(chasvrede1)

The panoramic view from a furnished three-bedroom, two-bathroom apartment in Vredehoek that is currently for sale through Chas Everitt International for R2,995m. It also boasts a remodeled kitchen with quality fittings and granite counters and a laundry. The complex has 2hr manned security, lots of guest parking, tennis and squash courts, a pool and a braai area. It is close to the MyCiti bus stop and within easy reach of a Kwikspar and several eateries.

(chasvrede2) 

This modern three-bedroom, three-bathroom house in Vredehoek is for sale through Chas Everitt International for R6,65m. It also offers a spacious lounge with open plan kitchen, a sunroom, a study and a tandem double garage, as well as a generous upstairs patio with spectacular views and excellent security measures.

  

  

        

Author: Meg Wilson

Submitted 05 Feb 18 / Views 861