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Duynefontein Suburb - Property Market Report 2018 - Melkbosstrand - Cape Town

Category Town &Suburb Report - Melkbosstrand

Duynefontein in Melkbosstrand is located next to Koeberg Nuclear Power Station on the south side, between the beach and the R27 and north of Van Riebeeckstrand.

Duynefontein is situated 37km (via R27) or 44km (via N7) from Cape Town city centre, 90km from Langebaan and 67km from Stellenbosch. This quiet suburb is ideal for raising a family, settling down or to enjoy as a peaceful retreat - with most big attractions less than an hour's drive away.

Duynefontein suburb is a stone through from the beach and it is an amazing 5km flat, white, sandy beach with Kitesurf, Windsurf, Bodyboard and Surfing as options or just a leisurely walk or swim. Thandeka Stables is just a quick drive over the R27 (1km) and while you are on the other side of the R27, Melkbos 4x4(2.2km) offers a great 4x4 track, quad and bike enduros, motocross and a lot of outdoor activities. Just a bit further you will find S.W.A.T Laser Tag and Cape Town Paintball. There is also various animal shelters and an animal behaviour facility. The Koeberg Nature Reserve(6km) is adjacent to Koeberg Nuclear Power Station on the north side. Atlantis dunes for 4x4 and sandboarding is just 12km north on the way to Atlantis.

In Melkbos you will be treated to Bogey golf driving range and pro shop, Atlantic beach golf club, Pyro paintball, lovely restaurants, small shops, and most of your daily requirements.

Amenities In & Around Duynefontein

Duynefontein has a variety of amenities on offer.

Schools

Plenty of options to choose from, including: Van Riebeeckstrand Primary School (1.4km), Neverland Pre Primary (1.5km), Melkbosstrand Private School (4km), Melkbos Pre Primary (4km), Atlantic Beach College (4km), Melkbosstrand High School (4km), Babbel-en-krabbel Pre-Primary (2.7km), Generations school(1.4km).

Shopping

Duynefontein residents will be pleased with the selection of shopping choices they have. A small centre is just 1km away, which includes an OK MiniMark, and the Birkenhead Shopping Centre in Melkbos just 4.3km. The new Tablebay Mall is 10.7km and Bayside Mall 15km.

Medical

The Melkbos Clinic is 2.5km away and three general practitioners are situated in central Melkbosstrand (4km) and the Netcare Blaawberg Hospital is 12.7km away.

Petrol

There are two filling stations in Melkbosstrand central - Caltex and Sasol which are about 4.2km from Duynefontein and a Total on the R27 which is 4.7km away and has the amazing Farmyard and a nursery.

Owner Profile

The average household income range according to Lightstone is between R90 000 - R115 000 which falls into the LSM 10 High category. There are 1830 adults living in Duynefontein.

The period or tenure of ownership, which is a measure of ownership stability, shows that about 58% of the existing owners have been owning for 11 or more years, 9% between 8 and 10 years, about 14% between 5 to 7 years and 19% for less than 5 years.

The age profile of the stable owners is about 23% (older than 65 years), 46% (50 to 64 years), 29% (36-49 years) and 2% (35 and younger). Recent buyers' age profile is 31% (18-35 years), 41% (36-49 years), 24% (50-64 years) and 3% (65 and older).

28% of the recent are older than 65, 44% (50 to 64 years), 28% (36 to 49 years) and 0% is 35 years and younger.

Duynefontein Property Market

Duynefontein consists of 653 (91.46%) own title or freehold houses and 61 (8.54%) sectional title units (apartments). There are no residential estates in Duynefontein suburb.

22 Houses were sold (registered) in Duynefontein during 2018 - of which 6 transfers took place in the last 3 months (October to December 2018). 16 Homes sold in the price range between R1.5 million to R3 million at an average price of R2 587 000. Only 6 house sold for more than R3 million and at an average price of R4 142 000.

Three sectional title scheme units were sold in the last year of which two was in the last three months. Only one erf (vacant land) was transferred in the last 12 months.

Median prices achieved for Duynefontein properties during 2018 were R2 725 000 for freehold or homes, R1 930 000 for sectional title units or apartments and R1 600 000 for vacant land.

Sales volumes contracted marginally by 7% between 2017 and 2018 - dropping from 28 sales transactions in 2017 to 26 in 2018.

Capital Growth

Capital growth, measured by the rise in median prices achieved, has been negative during 2018 across all three property types - with vacant land prices dropping the most.

Sectional title property prices decreased during 2018 by 4.9% from R2 030 000 to R1 930 000, freehold property (houses) by 4.4% from R2 850 000 to R2 725 000 and vacant land (erven) by 15.3% from R1 888 000 to R1 600 000.

Capital growth achieved between 2008 and 2018 were respectively - for sectional title properties (apartments) 48.6% or 4.86% per year (rising from R1 299 000 to R1 930 000), for own title properties (houses) 87.9% or 8.79% per year (rising from R1 450 000 to R2 725 000) and for vacant land 122.2% or 12.2% per year (rising from R720 000 to R1 600 000 in 2018).

Sales in execution in Duynefontein has never been a factor which created a weak or negative price growth pattern due to a high volume of executions. The most annual sales in executions were during the national property market downturn in 2009 when 3 sales in executions were effected. There have only been 19 sales in execution during the last 18 years - and only 1 sale in execution during 2018.

If you are looking to buy or sell a property in Duynefontein suburb or in the greater Melkbosstrand area, or you would like to know more about the Melkbosstrand lifestyle, please contact our local specialist estate agent Danel Nieuwoudt to assist you - danel@cch.co.za / 071 599 8264.

Author: Lightstone / CMAinfo / Danel Nieuwoudt

Submitted 18 Jan 19 / Views 853

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