Scarborough property selling prices show exceptional growth

The average selling prices for residential properties in Scarborough have shown a 300% growth in five years, according to Pepita Mace of Greeff Properties Village Homes. 

“The growth is clear when one compares the selling prices of 10 properties recorded for 2010 in Scarborough, with the selling prices of the 30 sales recorded in 2015,” says Mace adding that growth since 2012 alone, has also been significant  – “the highest recorded price in 2012 was a sale concluded by Village Homes for R5.5 million; this was achieved for a Steve Lennard designed home in Mountain Rise Road, with three bedrooms, a study and a guest suite, elevated with a superb wraparound deck and breath-taking sea views,” adds Mace. She says, today, a number of properties in Scarborough are being marketed for just under R10 million.

“Entry level into Scarborough is close to R2 million, which will buy you a small seaside cottage or a home requiring renovation, on a 500 m2 size plot, which is the average. Larger plots are rare,” explains Mace.

Recent residential property sales (concluded by Village Homes) include: 118 Mountain Rise Road for R1 950 000 – a cute two-bedroomed cottage with great sea view potential, 67 Misty Cliffs, which fetched R4 500 000 and is a stunning elevated home with excellent sea views, and 7 Gemsbok Road – a large, pristine, four-bedroomed family home on a double plot, which fetched R4.7 million.

“Scarborough’s appeal lies in its exceptional, natural beauty and its unique location,” says Mace.  Bordering the Cape Point Nature Reserve along its Southern edge, Scarborough’s western boundary comprises the spectacular, rugged coastline with its white sandy beaches.  Rich in indigenous flora and fauna, Scarborough is a Conservation Village.  “It is a true paradise for nature lovers and those with a respect for the quieter side of life,” says Mace.

“With only 471 residential erven, of which less than 100 are still to be developed, it is a rare privilege to own a small piece of this uniquely different part of the Atlantic Seaboard,” reports Mace.  “The best part of living here are the benefits of being surrounded by nature, the uncrowded beaches, surfing spots and mountain tracks, and still being spoilt with fantastic restaurants, a bakery, an organic food shop with fresh farm supplies and a small “mouse trap” shop for daily essentials.”

The average age of Scarborough residents is 35 to 45, according to Mace, who adds that these are mostly work-from-home, artists, architects and writers.

“Scarborough offers the true spirit of village life with a fresh fish braai every Sunday at The Camel Rock Restaurant, established over 40 years ago, as well as numerous other local activities, such as choir practice on Tuesday nights and a programme of interesting guest speakers at The Hub Restaurant.”

Village homes has recently merged with Greeff Properties Christie’s International Real Estate. Contact Pepita Mace 082 338 9276