Those who are struggling to find a reasonably priced home in Cape Town should consider turning their attention to Table View on the the Western Seaboard.
Anyone who is considering investing in property in the Table View area should do so sooner rather than later. As one of the most affordable areas in the Western Cape, it has witnessed impressive sales figures over the past couple of years.
The average price paid for a freehold home is R1,325m, and R850,000 for a sectional title property.
As things stand, a total of 639 properties with a collective value of R776,470m have changed hands in Table View proper. The average price paid for a freehold home is R1,325m, and R850,000 for a sectional title property. Lightstone statistics indicate that in Table View Extension 13, 23 properties have been registered at the deeds office in the past 12 months. The average price for a freehold property in is R2,1m while the price of sectional title units is averaging out at R1,788m. A total of 24 homes in Table View Extension 5 have changed hands over the past year. The average price paid for a freehold home and a sectional title unit is R1,235m and R1,080m respectively.
Lew Geffen, chairman of Sotheby’s International Realty, says the fact that sales are flourishing doesn’t come as a surprise. “The area has a solid reputation as being a family-friendly suburb. It’s one of 10 most established suburbs on the Western Seaboard and as such boasts excellent infrastructure in the form of good schools, medical facilities and shopping amenities. The area also boasts a large business and commercial hub, which means that many residents can avoid commuting to the city on a daily basis.”
The lifestyle enjoyed by residents in this suburb appears to be a major draw card and, judging by the stats, those who move here aren’t in any rush to leave. Lightstone statistics show that 45% of those who live in the area have done so for the past 11 years or more.
Wouter Pentz, licensee at Seeff Blouberg, says, “One of the big attractions of the area is that there is something here for everyone, from starter flats and smaller houses to large family homes, beachfront apartments and luxury estate and beach houses.”
Pentz says that although demand has driven prices up significantly over the past five years, the value buyers get when buying under R2m is exceptional.
Explore Table View and the rest of the Western Seaboard in this awesome video:
