4 Highlands Close, High Cape is for sale at R4,490 m through Seeff Properties City Bowl.
After two years of slow sales, Vredehoek – encompassing Devils Peak, High Cape and Vredehoek proper – is experiencing a boom, says Seeff Properties’ area specialist Susan Litten, who has sold four properties worth a total of R8,8 million in the past month.
One of these properties was a 420 m2 plot that had been marketed for several months, which was sold for R1,7 million.
“Demand for plots in this area is high – among Vredehoek’s charms, particularly the higher part of the area, are its views, less traffic, surrounding forest feel, and the mountain tracks and walkways at the foot of Devil’s Peak. But supply is low. The city is almost completely developed and this sale was a rare case of a plot being divided off from a large erf. The zoning is single residential,” says Litten.
“Here, prices range from R1,8 million for a cottage to R6 million for a guest house.”
Litten says clients are seeing significant returns on investment in this belt. For example, a High Cape property that sold for R3,5 in 2007 is now attracting offers of around R4,2 m.
“New listings are attracting great interest. Showday turnouts are up with around 15 serious buyers attending each Sunday showhouse. A two storey Tuscan home at 4 Highlands Close attracted an offer in the first few days of marketing. The modern open plan layout was a factor along with the security the High Cape has to offer.
“Vredehoek also offers good outdoor living, so we often sell to people moving from apartments in the city, especially young couples with children or families who have outgrown their homes.”
She says there is a growing trend for potential buyers to relocate from the southern and northern suburbs because they are simply fed up with the traffic, but want the best of both worlds – the convenience of city living and an outdoor lifestyle.
“Trendy restaurants, the Gardens Centre and Virgin Active nearby make the area very convenient and attractive to professional couples. Table Mountain National Park is also easily accessible, and dog walkers and cyclists are a common sight along the pathways of Devil’s Peak,” she says.
