Melkbosstrand now one of the Cape's most popular areas

Almost every one of the bullish predictions made in recent years by many of the Melkbosstrand estate agencies regarding not only Melkbos itself but its three component areas – Duynefontein, The Avenues and Van Riebeeckstrand – have in recent months been proved to be totally correct — and if anything under optimistic, says David Evans, the Rawson Property Group’s franchisee, with his wife Anne-Marie, for the area.

7 Bedroom House for sale in Melkbosstrand

“Ten years ago,” said Evans, “Melkbosstrand was seen as being remote and out in the sticks - a country dorp.  Then, however, the Atlantic Beach Estate and Big Bay developments as well as continual growth in Parklands and Tableview changed all of that.  Today the perception of the village is completely different.  We are now seen as part of Greater Cape Town and, more relevantly, as one of the really “in” precincts, a village suited to celebrities and high flyers who we find are increasingly migrating to us.”

This new perception of Melkbosstrand, said Evans, has led to a steady increase and improvements in service and entertainment facilities. Melkbosstrand has good primary and high schools and its own private school.  A variety of new restaurants, most more sophisticated and upmarket than their predecessors, have opened their doors in the last few years and are well patronized, sometimes drawing clientele from as far afield as Clifton and Sea Point.

Access to other parts of the city, added Evans, has been radically enhanced by the new MyCiti bus service: a trip to the V&A Waterfront takes less than an hour. For adults the price is R14.30 for peak periods and R11.70 for off-peak times (if one gets a MyCiti Mover Card, the prices drop to R10.90 and R9.00 respectively).

Melkbosstrand’s new image, added Evans, is now reflected in the year-on-year price rises which on average have been 10% or more.  Most estate agencies in the area, he said, are scrambling to find sufficient stock and any correctly priced home listed for sale will find a buyer within four weeks.

“In Duynefontein a year ago, a typical three bedroom home would sell for around R1,5 million.  Today the same home will cost at least R1,7 million and there are several in Duynefontein now priced just on R2 million.”

6 Bedroom House for sale in Melkbosstrand

The older homes at Duynefontein, Evans explained, were built to house Koeberg Nuclear Power Station staff and this, for some reason, gave them a certain stigma with the general public, which in his view was entirely unjustified because they are exceptionally well built, have large rooms and are on relatively large (± 800 m2) plots.  Many have now been further modernized and improved and any stigma that was attached to them has now definitely disappeared, said Evans.  They are, in fact, very much sought after.

Demand for homes in old Melkbosstrand’s, “The Avenues”, is, said Evans, exceptionally strong now.  Here the current trend is for people to buy the original homes, demolish them and build bigger.  Homes with ‘fix up’ potential priced below R2 million will find buyers at once and the average price of a home here is now just above R2 million, again around 10% up on the same period last year. In The Avenues, beachfront homes are priced from 4,5 million, but Evans predicts these prices will seem ludicrously low in a few years’ time. 

“By 2019 the average price of any Melkbosstrand beachfront property will be in the region of R10 million.”

In Van Riebeeckstrand, homes are priced from R1,8 million and these also are much in demand, said Evans.

On the rental front (this franchise is currently renting150 properties) the price increases at Melkbosstrand have proportionally been even greater than those on the sales side.  A typical two bedroom townhouse here can rent at around R7,000 per month and a three bedroom home at around R12,000 per month.  Rents as low as R4,500 are obtainable, but some of the better properties on the beachfront and in the Atlantic Beach Estate can rent out at around R30,000.

The popularity (and the price rises) of Melkbosstrand, said Evans, can only gain strength from here on for the simple reason that, despite its growing sophistication, Melkbosstrand retains its charming village atmosphere and can offer many of the recreational activities liked by so many people today. Golf (at the nearby Atlantic Beach Club), beach walking, swimming, fishing (Melkbosstrand has its own excellent slipway and is served by the NSRI), surfing, kite surfing and stand up paddling are all popular in the area. 

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