Lakeside Property Snapshot

Lakeside Property Snapshot

LAKESIDE AREA REPORT

(including Klein Wassenaar/Orchard Village and Zandvlei)

Lakeside offers beautiful mountain and lake views and is only 5 minutes away from popular Muizenberg beach. There are two local shopping centres, beautiful parks, a golf course, the local railway runs from Cape Town to Simonstown and is easily accessible to the M3 freeway. Whether you’re starting up or scaling down, this is a suburb which offers a wonderful lifestyle at affordable prices.

Due to the area’s many attributes, residential properties in Lakeside are in constant high demand across all sectors of the market. Because of the sustained demand for homes in the area, property values tend to appreciate steadily.

Apartments are in high demand between R1 -2m, entry-level homes and cottages start from around R1.5 – 2.5m, ranging up to around R3.5m and more for a spacious family home. In sought-after Upper Lakeside, properties can fetch prices in excess of R5m and are generally snapped up when they come onto the market.

I have lived in the area for over 30 years and am passionate about Lakeside as I believe it offers the best value in Cape Town – As Cape Town warms up we are seeing a fresh increase of enquiries and whether you are thinking of buying, selling or renting I would be delighted to assist you!

 

 

Lakeside Property Snapshot

Lakeside Property Snapshot

Lakeside area specialist Winnie Sass reviews the market in her mid year Lakeside Property Snapshot;

FOR THE PERIOD 01/04/2016 – 30/06/2016
Information sourced from CMAinfo and S.A.P.T.G

  • There were no sales recorded for LAKESIDE during the above period.
  • The following Sales took place in KLEIN WASSENAAR during the above period.

41 Springwood Circle R947 000
2 Riverside Close R3 100 000
6 Orchard Avenue R2 150 000
3 Twent Road R2 600 000

Klein Wassenaar is extremely sought after, with properties selling in a short period of time.

IS THE PROPERTY MARKET BEGINNING TO TURN?

It is too early to say if the shift in the market will have a long-term effect, it could mean that Sellers are in for a slightly bumpier ride.

NUMBER OF VISITORS TO SHOW HOUSES DROPS.

John Loos, a household and property sector strategist with FNB, notes in the latest FNB Estate Agent Survey that there has been a drop in the number of average estimated visitors to show houses, down from 11.6 to 9.4 in the second quarter of 2016.

TIME ON MARKET INCREASES.

There has also been a noticeable increase in the estimated average time a property stays on the market. This has
risen from 11 weeks and one day to 13 weeks and four days.

While the supply of property for sale in the Lakeside area will buffer a price drop the local market is never immune to the regional trend. Based on reports from property economists looking at the national picture there are more and more signs that sellers will find it more difficult to sell at current price levels and the period it takes to get a property sold will increase.

“Probably the best buy in all Cape Town!”

That’s what our Regional Sales Director had to say so act fast!
Call Winnie Sass on 0832746614

5 Bedroom House for Sale in Lakeside

The epitome of luxury and sophistication.  Situated below Boyes Drive this north facing five bedroom, four bathroom home has so much to offer and is looking for a new owner. Features include: folding frameless windows; underfloor heating; travertine flooring; built-in braai in the lounge; dim-able down lighters; built-in ceiling speakers and fully alarmed.Magnificent views which is enhanced by stack frameless glass doors in the lounge/dining room.
The lounge is open plan to the kitchen. Leading from the lounge is a tv/study which boasts its own fireplace, and guest bathroom. The main bedroom encompasses its own dressing room, plus full en-suite. A laundry chute installed in the main bathroom allows for laundry to go directly to the laundry room downstairs.The lower level consists of a flat-let which has its own entrance.  A good size main bedroom with uninterrupted views. A full house bathroom. Open plan kitchen/lounge/study and laundry room. Double automated garage plus additional off street parking.

prop

 

lakeside

Lakeside Property Snapshot

First Quarter of 2016 compared with 1st Quarter 2015

Total No.of Properties Sold 1st Quarter 2015 – 8
Total No.of Properties Sold 1st Quarter 2016 – 9

Total Rand Value 2015 – R15,120.000.00(Listing Price)
Total Rand Value 2016 – R13,695,000.00(Listing Price)
Total Average Price Difference 2015 R1,890,000.00(Listing Price)
Total Average Price Difference 2016 R1,521,667.00(Listing Price)
Total Average Sale Price Difference 2015 (R1,741,250.00)
Total Average Sale Price Difference 2016 (R1,440,556.00)
Total Average Listing Days 2015 – 4
Total Average Listing Days 2016 – 6
Percentage Price difference Listing Price(2015) apposed to Selling Price -7,9%
Percentage Price difference Listing Price(2016) apposed to Selling Price -5.3%
Lakeside Residents, I sincerely hope this is some useful information.
If you need to discuss any Property related issues, please feel free to contact me.
Winnie Sass  083 274 6614
Passionate about People and Property

Green Home Renovation

home-renovationA case study for those contemplating a ‘green’ home make over!

The trend for green homes is gathering momentum on South Africa. With green materials and technologies become more available and affordable, one man has decided to take the ‘green journey’ approach to a home renovation in Lakeside. LLoyd Macfarlene has attempted to lower the footprint and increase the performance of his family home.

LLoyd was familiar with green building practices and worked in the broader sector of sustainability for almost 10 years. He decided to put his knowledge and patience to the test by embarking in a self-build green renovation of a 1960’s house that was in need of renovation but perfectly positioned in Lakeside Mountain Range.

After the home was purchased, the family moved in for a few months before the renovation began so that they could design through a living experience.

Read more…

Property post brought to you by Chas Everitt – Lakeside
Click here for Houses for sale in Lakeside

Lakeside Living

Lakeside
Aerial View of Lakeside

Lakeside is situated between the suburbs of West Lake and Muizenberg with fantastic mountain views of the Hottentots Holland mountains with the Steenberg Stone Mountain the backdrop and the Zandvlei wetlands in the front.

Lakeside is a highly sought after area which caters to both the upper, lower and middle level income earners. It’s an area that people don’t seem to move from, raising their families and only selling once the children leave the house. It’s an area where everyone lives together peacefully with lots of parks for the children and dogs within the neighbourhoods. Lakeside as an area offers excellent value for money with houses set in a quiet, friendly neighbourhood that is in close proximity to everything.
This area is also popular to running, cycling and golf at the Westlake and Steenberg Golf Courses. It is abundant with restaurants, coffee shops, strip malls as well as service stations and medical doctors.
Lakeside properties have close proximity to schools such as Reddam House, Wynberg Boys/Girls, Zwaanswyk, Begvliet High, Constantia Waldorf and the American School.
The area of Lakeside offers excellent value for money in terms of residential property and is the perfect area to raise your children in a relaxed and friendly environment.

Make a Difference this MOVEmber

ChasEverittMovember is all about raising awareness about men’s health!

As an individual agent Winnie Sass is offering a R2500 donation towards The Movember Foundation on all her listings taken in the month of November no matter when the property is sold.  
Chas Everitt is prepared to support Winnie in this fund raiser and has agreed to contribute equally to her donation, so together make a donation of R5000 towards this worthy cause for every ‘Movember’ listing!
The Movember Foundation is a global charity committed to men living happier, healthier, longer lives. Since 2003, millions have joined the men’s health movement, raising R5.7 billion and funding over 1,000 programmes focusing on prostate cancer, testicular cancer, poor mental health and physical inactivity.

Winnie Sass will make the donation in your name, no matter when she sells your property.

Read more here:  https://za.movember.com
Contact Chas Everitt agent Winnie Sass on 083 274 6614 or email winnie.sass@everitt.co.za to make a difference today!
 –

Dual Living Property in Demand

IMG_7143c(1)Dual living properties are shinning through as one of the leading choices for property investment in Lakeside, Cape Town. Families are looking for houses that offer dual occupancy for extended family, older children that want a bit of freedom or to let out a separate entrance for extra income.

With the cost of living at an all time high, housing prices for entry into the property market are very high. Incomes are still not matching up and as a great way to solve this problem families are look for ways to save money on housing costs.

Situated above the main road ‘in the heart of Lakeside’ this three bedroom home offers dual living accommodation. Read more about this sold Lakeside property.

Contact Chas Everitt agent Winnie Sass on 021 712 5029 or 083 274 6614 for further queries.