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Strand North property prices on the rise

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Strand North property prices on the rise

Strand North property prices on the rise

The Strand suburb of Strand North is seeing strong demand from family buyers, coupled with a rise in property values over the last few months due to a shortage of property in the market.

Strand North is an established suburb which has long reached maturity – with basically no land available for further development. A shortage in homes on the market below R1,4 million, has created a situation where some property over the last 3 months has literally sold within a day of coming onto the market. Almost every home enjoys views of either the Helderberg or the Hottentots Holland mountain ranges. The homes on the Melkbaai “dune or hillet” (that is the area between De Beers Street and Hill or De Jongh Street) even have full or partial views of False Bay.

CCH resident agent Ilse Botha says over the course of 2012, 96 own title properties changed hands in Strand North, at an average price of R1.148 million. That sales volume figure rose quite substantially in 2013 to 127 properties sold, at an average price of R1,179 million (source - Lightstone). The sectional title (apartment) sales – predominantly on the section of Strand Beach Road which is adjacent to Strand North – rose from 65 sales (average price R1,188 million) in 2012 to 119 during 2013 at an average price of R1,092 million.

During the first quarter of 2014, only 19 own title registrations took place at an average price of R1,273 million – confirming the shortage of properties available and pointing already to an average price increase in the suburb for 2014 with a rise of 8% in prices. The average price of the 5 registrations in the Lochnerhof area (within Strand North) however rose for the first quarter to R1,408 million – which is an increase of 19,4% on the average 2013 prices.

This rise in sales volume during 2013 of especially the own title property is not surprising given the demand for affordable family homes which are located close to good schools and amenities, and which offer a wholesome lifestyle within walking distance to one of the best family beaches in South Africa.

 Residents of Strand North have the best of both worlds - a relatively small suburb with a town-like feel next to the sea with city-like amenities and lifestyle offerings such as top wine estates all within a radius of 10 km

Amenities are all located within easy reach, including the private Vergelegen Medi-Clinic (5 km) , third largest regional shopping centre in the Western Cape - Somerset Mall, just 3 kilometres away and the Dorpsmeent Shopping Centre in Strand Central (1 km), and several excellent schools within a 10 kilometres range. These include Lochnerhof Primary, Hendrik Louw Primary (both inside the suburb), Somerset House Primary (4 km) and Somerset College (10 km) and the Helderberg International School (5 km), as well as Parel Vallei High School (6 km), which was rated 11th in the Western Cape based on its 2013 matric results.

New improvements or developments for the area includes a new private hospital (2 km) under construction in the AECI development zone next to Strand Golf Club (which will be complemented quite soon with an Eye Hospital and variety of doctor rooms), and one of the largest Curro Private School developments in South Africa which is due 2016 in the fast developing Croydon area about 10 km from Strand North, which is due for completion in 2016.”

Other appealing factors is the suburb’s location close to lifestyle offers such as the Strand Golf Club (1 km), Somerset West Country Club (5 km) and the Erinvale Golf Estate (10 km). Strand North borders on about 2 kilometers of the Melkbaai beach - perfect for some of the best beach strolls the Cape has to offer.

The Helderberg Nature Reserve (8 km) with views of False Bay along its many hiking trails along the Helderberg are frequented by many families for recreation and picnics. Strand North is bordered on four sides by the sea, Strand Main Road, The Lourens River (a nature conservation area with a bird sanctuary) and by Broadway Boulevard - creating a semi-rural atmosphere.

Strand North property behind Strand Beach Road consists primarily of freestanding family homes on erfs between 500 square metres and 1 000 square metres. Prices in the suburb range from around R1.1 million for some of the older, smaller homes, while more modern or larger family homes are priced from about R1,8 million upward to about R3,5 million, depending on their finishes and proximity to the beach. Many of the older properties closer to the beach and the central part of the town are older than a hundred years. The erfs between Strand Beach Road up to Lourens River Road are predominantly about 500 sq.m in size. Between Lourens River Road and Broadway Boulevard the average size of the erfs varies between 700 to about a 1000 sq.m

Please use this link to view images of Strand http://www.cch.co.za/area-profiles/strand/

Author Benhard Wiese
Published 06 May 2014 / Views -
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