Spanish Farm Property

Location

Spanish Farm is located against the higher slopes of the Helderberg and most properties have spectacular views of False Bay. Neighbouring suburbs includes Fairview Heights, La Concorde and La Sandra. The total area is about 65 ha.

Property Market

Spanish Farm is one of the top 20 most valuable residential areas in South Africa - having the 18^th highest average home values at R3,948 million, up from R1,04 in 2002.That is a capital growth rate of 379% in 8 years or on average 47% per year.

There are 171 own title houses and only 2 sectional title properties in Spanish Farm. The median land size is 1913 sq.m

The total number of own title sales between 2005 and 2009 have been 57 - i.e. an average of 11 properties per year. There has been quite a drop in sales volume during 2010 - with only 2 registered sales in the first 3 quarters of 2010 as property owners preferred not to sell their properties.

During 2007 a total of 6 houses were sold in Spanish Farm to the value of approximately R44,5m, with an average value of around R7.4m. Total own title sales for 2007 were 12 properties (R67,485 million) and the lowest priced erf was sold for R1,785 million. During 2008 a total of 9 own title properties were sold (R38,885 million) of 7 houses were sold to the value of R30,96 million at an average value of R4.42million - simply due to the fact that less top end properties were sold in the calendar year. This trend changed during 2009 when 4 houses sold to the value of R28.6 million, with an average value of R7.15 million. Total own title sales for 2009 were 9 with a value of R48,675 million. Total registered sales for 2010 is R9,15 million - with the highest priced home being sold for R5,5 million.

• Residential Sale Property Ranging from R6,750,000 to R6,750,000