Scar­bor­ough sales show solid three­fold growth

Weekend Argus (Saturday Edition) - - PROPERTY -

SCAR­BOR­OUGH prop­erty has grown in­creas­ingly pop­u­lar in the past five years, ac­cord­ing to Pepita Mace of Gre­eff Prop­er­ties Vil­lage Homes.

“Dur­ing 2010 10 prop­er­ties were sold in Scar­bor­ough, and this in­creased to 30 sales last year,” says Mace.

“Sell­ing prices have also in­creased sig­nif­i­cantly. The high­est recorded price in 2012 was a sale by Vil­lage Homes for R5.5 mil­lion – a Steve Len­nard­de­signed home in Moun­tain Rise Road, with three bed­rooms, a study and a guest suite, a wrap­around deck and breath­tak­ing sea views.

“Lately, a num­ber of prop­er­ties in Scar­bor­ough are be­ing mar­keted for just un­der R10m. En­try level are priced at around R2m, which will buy a small sea­side cot­tage or a home re­quir­ing ren­o­va­tion on a 500m2 plot.”

Re­cent sales by Vil­lage Homes in­clude: a two-bed­room cot­tage with sea view po­ten­tial at 118 Moun­tain Rise Road for R1.95m; 67 Misty Cliffs, which fetched R4.5m; and 7 Gems­bok Road a four-bed­room fam­ily home on a dou­ble plot, which was sold for R4.7m.

“Scar­bor­ough’s ap­peal lies in its ex­cep­tional nat­u­ral beauty and its lo­ca­tion,” says Mace. “Bor­der­ing the Cape Point Na­ture Re­serve along its south­ern edge, the west­ern bound­ary com­prises the rugged coast­line with its white sandy beaches. Scar­bor­ough is a con­ser­va­tion vil­lage rich in in­dige­nous flora and fauna. It is a par­adise for na­ture lovers.

“There are only 471 res­i­den­tial er­ven, of which less than 100 are still to be de­vel­oped. The best part of liv­ing here is be­ing sur­rounded by na­ture, the un­crowded beaches, surf­ing spots and moun­tain tracks, and still be­ing spoilt with restau­rants, a bak­ery, an or­ganic food shop with fresh farm sup­plies and a small shop for daily es­sen­tials.”

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