Country-style city living
The suburb of Welgemoed, about 20km from Cape Town’s city centre, is one of the most prestigious in the northern suburbs. Suzanne Frost finds out why
SOUGHT-after for its large plots, spacious homes and peaceful atmosphere, Welgemoed is also one of the oldest suburbs in the area, with some historic buildings dating back over 300 years.
Welgemoed lies on a hillside just off the N1 highway. As a result of its elevated position, the area commands great views towards False Bay. The suburb adjoins the Tygerberg Nature Reserve, known for its abundant birdlife, pristine fynbos and lovely walking trails. It also lies adjacent to the popular 18hole Bellville Golf Course, with its spectacular views of the distant Hottentots Holland mountains. These green surroundings create a sense of a tranquil suburb lying in a leafy bowl, with large established trees lining its streets, and spacious, well-established gardens surrounding most of its homes.
Pam Golding Properties reports that there is a perennial shortage of stock in the area due to the fact that residents tend to stay in the suburb for many years once they’ve settled there. As a result, some buyers are now opting to purchase older homes just for the plot and position, and then demolish the houses in order to completely redevelop the site.
Pam Golding Properties’ area manager for the northern suburbs, Maureen Nel, says deeds office records indicate that fewer than 30 homes changed hands in the entire suburb last year. “So it is not that surprising that buyers desperate to get a foothold in Welgemoed are opting for the quite extreme route of demolition and complete re-building,” she says. “After all, there is virtually no chance of over-capitalising due to the demand. This process is resulting in some magnificent new modern homes.”
Knowledge Factory’s SAPTG statistics indicate 31 properties were transferred in the 2008-09 period for an average price of approximately R2,3m, while 32 properties changed hands in the 2009-10 period for an average price of approximately R2,32m. The three-year appreciation trend indicates value growth of 5,52%, while the five-year trend shows an 11,96% appreciation.
Nel says modern family homes with limited views can be obtained from around R5m, with prices going up to around the R10m mark for homes on larger plots — some close to 3000m² — or those with spectacular views. Homes near the nature reserve tend to fetch higher prices, and there is also high demand for houses bordering the golf course.
It is still possible though to obtain property below the R3m mark — largely older homes in need of major renovation or total reconstruction. “One can, for example, still obtain a 200m² older home on an erf of 1000m2 for R1,9m,“ she says, “or a 400m² home on 1 400m² of land, for R3m.”
Pam Golding Properties’ MD for the Boland and Overberg regions, Annien Borg, says the area boasts ample shopping, sporting and restaurant facilities, including the huge Tyger Valley Shopping Centre and its newer neighbour, Willowbridge Mall. “It also has several excellent schools,” says Borg, “making this a popular suburb for families. And although it feels like it lies in its own tranquil little valley, it is in fact just 20 minutes’ drive from the centre of Cape Town, or 30 minutes from Paarl and Stellenbosch. For those needing to commute to work, there is easy access via the N1 highway, and the airport is also close at hand. Yet despite this, Welgemoed retains a ‘country’ atmosphere."
Among Pam Golding Proper- ties’ exclusive mandates in the suburb is a stylish modern property. The double-storey house is positioned in a sheltered and very private location, offering spectacular views to the north over the nature reserve. Finished with the highest quality travertine, marble, Balau and yarra, the home has a sophisticated yet relaxed atmosphere, with easy flow from its family living areas to the elegant entertainment section. There is a large sundeck as well as a braai patio adjacent to the pool, all overlooking the terraced grounds below, which include a trampoline, olive grove and lavender garden. The four bedrooms in the upstairs wing include a secluded master suite with its own patio, while additional accommodation is provided in an en-suite guest flatlet. There are three bathrooms, four reception rooms which include the excellent integration of kitchen-dining room-lounge, and three garages.
The home has under-floor heating and an alarm system, while the garden is watered by computerised irrigation. The property totals over 2 500m², and offers over 600m² of living space. This home has been designed with an excellent indoor/outdoor flow from the upper-level entrance that opens onto north-facing views over nature reserve to the elegant entertainment area with its heated saltwater pool and sundeck. Price: R15m Contact: Pam Golding Properties Gene van der Berg 082 975 2869 Office 021 913 7670