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High demand for affordable homes in Eversdal

Sustained demand for affordable homes located close to high-quality schools is resulting in stock shortages in popular Eversdal, located in Cape Town’s Northern Suburbs. 


Pam Golding Properties recently sold this top-end home in Eversdal Heights for R6.3 million. The property offers five bedrooms and extensive entertainment areas.

Pam Golding Properties (PGP) reports that the area has seen an increase in average prices over the course of 2014, and an ever-diminishing gap between asking and selling prices. The demand is being seen across all price brackets, but most notably in the price range from R1.5 million to R2.5 million.
 
Eversdal is located north of the N1 highway, adjacent to the scenic Durbanville Hills area. It incorporates suburbs such as Everglen, Eversdal, Eversdal Heights, Amanda Glen and Chantecler. These areas offer a wide variety of homes, ranging from lock-up-and-go properties in secure estates to compact townhouses, modern luxury properties on moderate-sized erven, and sprawling older homes on larger plots, ideal for those who want a large garden and multiple bedrooms.
 
“As a result of this variety, pricing can vary quite significantly,” says PGP agent Maureen Nel. “But generally the area offers good affordability, with little risk of over-capitalization - especially given the high demand in the current market, and the appetite for modern finishes. Even those buying older properties with a view to renovating, can be assured of sound return on investment.”
 
“Buyers at present include a number of local buyers from Paarl, Stellenbosch and the Cape Peninsula who are recognising the excellent value for money as well as the lifestyle on offer,” she continues. “We have also seen some upcountry buyers, notably from Gauteng, who want to be close to the city but still enjoy a semi-rural atmosphere with easy access to both schools and the countryside.”
 
Nel says large modern family homes located in secure lifestyle estates generally attract prices from R3.2 million to R6.5 million. She recently sold a luxurious five-bedroomed home in Eversdal Heights for R6.3 million, while a more modest four-bedroomed family home in Eversdal Heights was sold for R2.6 million. Nel says such homes are particularly popular among professional families seeking a convenient and comfortable lifestyle, with good security and minimal maintenance hassles. Regular travellers also enjoy the lock-up-and-go lifestyle on offer in secure estates.
 
Smaller simplex or duplex townhouses on erven of around 450sqm are particularly sought after by younger professionals or those scaling down to a more manageable lifestyle. Prices for these homes can vary from around R1.3 million to R2.4 million.
 
Nel adds that the area also offers a few heritage homes, for example Eversdal Manor, and several exclusive super top-end properties with municipal valuations in excess of R8 million.
 
Average prices have increased across the board during 2014, with the average selling price in Eversdal itself rising from R2.2 million in 2013 to R2.5 million this year (2014). Eversdal Heights has seen the average sales price (of re-sale residential property, excluding brand new plot and plan homes sold) increase from R2.135 million in 2013 to R3.4 million in 2014, due in part to a number of sales at the top end of the market. There has also been a notable increase in Everglen, with prices rising from an average of R2.7 million in 2013 to R3.2 million in 2014. (Stats – Lightstone )
 
Besides the scenic location close to the Durbanville winelands, Nel says access to top schools is one of the key appealing features of the Eversdal area. Popular choices include Gene Louw Primary, Eversdal Primary, Stellenberg High and Fairmont High, all of which lie within walking distance of many homes. There is also easy access to a choice of established private schools, including Curro and Chesterhouse schools, in the greater Durbanville area.
 
Other appealing features include the area’s accessibility, within easy reach of Cape Town International Airport, the N1 highway, Stellenbosch and Somerset West, as well as the Bloubergstrand coastline. Major amenities are close at hand at TygerValley and Willowbridge malls, while the Bellville CBD offers excellent shopping and restaurants. “Residents also enjoy wide tree-lined streets, well-kept public spaces and some of the best views in the Northern Suburb towards the mountains of the Boland,” Nel adds.


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