Bergvliet’s thriving market reached new highs

The tranquil, unassuming suburb of Bergvliet in Cape Town’s Constantia Valley achieved record sale prices in 2016 despite the national economic slump, with average house prices increasing by some 10% since the end of 2015.

This well -appointed three bedroom home is situated in a tranquil tree-lined street. On the market for R3 999 000, it also has a separate store room and secure off street parking for four cars.
Leonie Wosk, Area Specialist for Lew Geffen Sotheby’s International Realty in Bergvliet and Meadowridge, says at the end of 2015, the average sale price of a freestanding house had risen from R3.06 million in 2014 to R3.27m, increasing steadily to R3.57m by the end of November 2016.
“We have also seen record prices achieved in Bergvliet during the past two years. In 2015 the number of transactions that breached the R4m mark had increased year-on-year from four to 10 and in 2016 13 of the 47 sales were in the R4m-plus price band.”
Citing Propstats data, Wosk adds that the market surge began to flourish in earnest in 2014 when the average house price jumped to R3.06m from R2.44m in 2013 and properties changed hands for more than R4m for the first time.
Sally Fidler, Co-Area Specialist for Lew Geffen Sotheby’s International Realty, says Bergvliet has also undergone a dramatic transformation during the past three years with the influx of younger buyers changing the resident demographic as well as the tone of the suburb.
“Almost half of all recent buyers are aged between 36 and 49 while around 45% of sellers during the past year were 65 or older.
“Families with school-going children are breathing new life into the area, and as many of these new buyers renovate or modernise their homes, the suburb is also enjoying a general facelift.”
Fidler adds that it’s very much a family suburb and most investors buy property to live in rather than rent out.
“Around 80% of the properties in Bergvliet are freestanding houses on sizeable grounds with the most popular properties being family homes with four bedrooms, a pool, an expansive entertainment area and a double garage.”

The bright and airy living area flows out to the covered patio and garden beyond through double folding doors
Situated a stone’s throw from exclusive neighbours like Constantia and Zwaanswyk where plots generally start at R7m, Bergvliet offers excellent value for money which Lew Geffen, Chairman of Lew Geffen Sotheby’s International Realty,  believes to be the main driving force behind Bergvliet’s market strength.
“Bergvliet residents enjoy an upmarket yet relaxed semi-rural atmosphere afforded by the large established gardens and scenic, well-maintained surrounds with access to the same amenities as their more expensive neighbours, but at a fraction of the price.
“This is especially appealing to Gauteng buyers who are faced with the harsh reality that they are very unlikely to replace their homes upcountry with the proceeds of those properties’ sales.”
Geffen adds that Bergvliet is also attracting considerable interest from buyers who aren’t ready to retire or move into retirement facilities, but want to downsize from larger family homes in the surrounding Constantiaberg.
Another major drawcard is the number of good schools in the area, including Sweet Valley, Westcott, Waldorf, Herzlia Junior, the American International School and a choice of play groups and crèches for younger children.
Wosk says Bergvliet is known as a security-conscious suburb with an effective Community Watch providing 24 hour patrols and emergency services to residents, who are able to safely enjoy the suburb’s parks and recreational facilities.
There is also a wide choice of leisure activities within easy driving distance; from several of the Cape’s best wine farms and numerous popular restaurants to the beaches of False Bay, a number of sports clubs and top-rated golf courses including Steenberg, which is less than 8km away.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us