This four bedroom three bathroom contemporary family home in Constantia is on the market through Knight Frank Residential SA, at a price of R5 950 000.
According to PropStats (the Institute of Estate Agents Western Cape property data service), the average sales price of homes in Constantia in 2014 was R5 450 000, and was R4 790 000 in 2013, which indicates a 13,1% increase in prices year on year (which is much in line with the rest of the Western Cape increases in property prices).
If looking for a home more or less in the average price bracket but wanting something “not so average” says Lanice Steward, managing director of Knight Frank Residential SA, a home that has recently come onto Knight Frank’s books is a four bedroom three bathroom home with three reception rooms, staff accommodation, garaging for two cars, and ample off-street parking, at a price of R5 950 000.
“This home is in immaculate condition,” she said.
The home has an open-plan kitchen with a walk-in pantry, separate laundry and direct access to the double garage. The kitchen flows to the dining room, formal lounge and children’s play nook. The family room is separate from the other reception areas, allowing a quiet space, tucked away from the rest of the home if needed, said Steward.
The lounge and dining areas open onto a generous undercover entertainment patio overlooking the sparkling pool and the large, well maintained garden.
“It is also interesting to note that, according to PropStats, there was a spike in prices achieved in the fourth quarter of 2014, which is indicative of prices rising due to shortages in the supply of homes for sale and increased demand. Basic economic rules will always apply and where there is strong demand and low supply, prices will continue to rise, we just hope that the stock shortages will be alleviated soon, as agents are battling to find homes to sell to the many buyers they have on their books,” said Steward.
Property in Constantia is highly sought after due to the residential area being both prestigious and rich in history, said Steward. Schools such as Reddam House, the American International School, the Waldorf School and Herzlia Primary School are all based in the Constantia Valley with other good schools within easy driving distance in Rondebosch, Claremont, Kenilworth, Wynberg, Newlands, Meadowridge and Bergvliet, making this area an extremely popular choice for families with children.
