Natures Valley Property Market Review 2019-01-17
Natures Valley saw averages of R2,9million (11 properties) in 2015, R4,5million (7 properties) in 2016, R4,4million (11 properties) in 2017 and R3,9million in 2018 (11 properties).
Increased “semigration” to the Western Cape continues, though there has been a slowing in other areas, so the future is somewhat uncertain.
There are currently at least 6 properties for sale in Natures Valley, with asking prices ranging from R4,25million to R5,95million.
The highest price to date in Natures Valley was recorded in 2017; a home in Nemesia Street sold for R8,1million. In 2018, the highest price was R6,55million for a house in Lagoon Drive.
Like-for-like, Natures Valley is one of the best performing suburbs in South Africa. The growth rate in Natures Valley over the past 20 years has been well above the national average. The high prices and good investment characteristics are attributable to the scarcity of property (Natures Valley cannot expand) and the high demand (due to lifestyle and natural beauty).
There are not enough sales in Natures Valley to make the historical analysis statistically significant, but an indication of rough trends can be gauged. The figures above were taken from Lightstone on the 17th of January 2019. Sales below R100 000, duplications and sales that are deemed not to be arm’s length market-related transactions are not included in the graphs. Note that a number of transfers between family members previously included have now been excluded. Figures were drawn by transfer date, not date of sale.
If you would like to receive a copy of the graphs mentioned in this report, please click on the link in the heading of this post or e-mail: steven@sapv.co.za (include the area that you are interested in).
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