Scarborough sales show solid threefold growth
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.”