Value and variety to be found in upmarket Constantia

Constantia is often perceived to be one exclusive suburb populated with expensive mansions priced well beyond the reach of all but the wealthy. However, this is not the case at all; it actually comprises a number of suburbs with varying entry price points starting at around R3.8 million in Lower Constantia.

Eileen O ‘Sullivan, Area Specialist for Lew Geffen Sotheby’s International Realty in Constantia Hills, Constantia Rural and Lower Constantia says: “There is excellent value to be found in the area and a wide range of properties to suit all lifestyle needs and budgets.

“The general price range of the current stock on the market in Constantia Lower ranges between R4.3m and R11.5m, in Constantia Hills from R6.2m to R10.8m and in Constantia Rural between R7.9m and R15m, which is comparable to prices in the more sought-after Southern Suburbs.”

Citing Propstats data, she says that during the last year ending 11 October, 33 houses were sold in Lower Constantia at an average sale price of RR4.9m, 12 house sales in Constantia Hills realised an average R6.19m and in Constantia Rural, there were eight house transactions with an average sale price of R8.37m. The average time homes spent on the market was 75 days, 91 days and 84 days respectively.

However, during this period there were very few plots sold in spite of strong demand for vacant land in these suburbs.

O’ Sullivan says: “There are very few open plots left and those that do come on the market are snapped up quite quickly. Recent sales include a plot in Lower Constantia which was on the market for R2 250mil and a record high in Constantia Hills where a plot in Sweet Valley sold for R6m. In Constantia Rural the most recent recorded sales of vacant land were R3.2m for a 1169m² plot in 2016 and R5950m for a 2448m² stand this year.

She adds that a large tract of land in Sweet Valley was recently subdivided into five plots of 4000m² plus which were sold for between R4.5m in 2015 R5.9m in 2017.

“Most plots are still bought by individual investors looking to build their dream homes, but we are seeing growing interest from developers with one development currently on the market and another in the pipeline.”

Although the entry level price band here is by no means cheap, the area continues to attract investors because of its prime position with sought-after amenities and the fact that property has steadily grown in value, despite the subdued residential market.

This is according to Lew Geffen, Chairman of Lew Geffen Sotheby’s international Realty, who says: “The popularity of areas like Constantia is increasingly driven by their proximity to good schools as demand for quality education has resulted in long waiting lists at result-producing schools and many families with young children now determine their choice of schools prior to selecting a residential area.

“Recent studies of sales trends are revealing that potential buyers are now becoming more inclined to settle where schools are within a short commuting distances from home. Constantia is home to excellent schools like Reddam House, Herzlia, The American International School and Constantia Waldorf School, and a short drive from well-known schools like Bishops, Rondebosch Boys’ High School, Wetpups, Herschel and Springfield. Sweet Valley and Wynberg are also zoned for the area.”

Geffen says that another significant draw card is a comparatively lower crime rate than most other areas due to the collaboration of local community volunteer patrollers, the Constantia Valley Information Centre, a camera network and a special response team (SRT) that works in close collaboration with Wynberg SAPS.”

An established infrastructure, access to first class amenities and the myriad activities for outdoor and sports enthusiasts are also drawcards that attract buyers to the region.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us