Buoyant demand for Oranjezicht’s grand family homes
THE POPULARITY of Oranjezicht in the City Bowl is attributable to its central location and its resistance to largescale development, says Seeff agent Elaine Slot.
Although homes here are always popular, she says that demand this year has been buoyant, with sellers now getting significantly better prices than over the past five years.
“Sales activity in the suburb is up by a significant 38 percent, with 91 properties sold worth a combined value of almost R380 million, compared to 66 sales worth R240m during the same period last year.
“The average dif f erence between the listed and sale price is down to 7 percent from about 9.4 percent last year. The average price has also strengthened year-on-year over the past five years and is now 18 percent higher at R5.3m for freehold homes, up from R4.5m in 2008.”
She says that 32 properties priced above R5m were sold this year, compared to 15 last year. Seeff ’s high-value sales in the suburb include a four-bedr o o med h o me i n Buxt o n Avenue, s o l d f o r R6. 0 5 m; a home in Woodburn Crescent, sold for R6.8m; and an 11-bedroomed home in sought-after Belmont Avenue, sold for R11m, one of the highest prices for the suburb this year. Eight properties worth almost R35m were sold to foreign buyers this year.
Aside from the CBD conveniences, the Waterfront and Atlantic seaboard beaches are all nearby. There are also excellent schools in the area.
The most striking characteristic of the suburb is its tree-lined streets dotted with Victorian, Edwardian and Georgian homes. The location at the base of Table Mountain affords residents mountain and city views. Aside from freehold homes, there are blocks of flats, with units priced from R800 000 for one-bedroomed flats.
Prices for Victorian semis range from R3.3m for three to four bedrooms, and for freehold homes from R4.5m for a 1950s three-bedroomed home set on a 446m² plot. Buyers looking for a grand old homestead, though, can expect to pay from R12.5m.
A 1905 Edwardian manor house that dates to the early settlement of the suburb is for sale at R15.9m, says Slot.