A peaceful if windy corner in the city, Vredehoek offers its residents everything, including great views, fine dining, entertainment, shopping, hiking, and increasing property values
With Table Mountain at its back, and the city and Table Bay spread below, Vredehoek – which means “peaceful corner” – offers residents a tranquil, although often windy, environment and spectacular city, harbour and mountain views in an unusual combination of town and country life.
“Add an excellent location in relation to the CBD and many of the main attractions of Cape Town, convenient shopping, top schools and superb restaurants, and it is hardly surprising Vredehoek continues to gain popularity among buyers – or that prices here have rocketed in the past few years,” says Adel Louw of the Chas Everitt International City Bowl franchise.
Resident Fazielah Williams. says: “In my near-decade of living in this quiet but creative suburb, it has managed to make me fall in love with it more every day.
“I love the fact its innate bohemian vibe lives side by side with a bustling and growing family lifestyle, and that has led to the creation of more things to do. Whether it’s a monthly family market at Deer Park Cafe and the Rocklands Park, a pop quiz at Con Bistro on Deer Park Drive or a laid-back evening of live music at Carlyle’s On Derry, there’s something for everyone.”
Vredehoek has become very trendy, says Louw, and many older homes and flats have been extensively renovated and modernised to meet the demands of young professionals and executives seeking to live within the City Bowl area while enjoying a quieter, more suburban atmosphere.
“This urban revival is being furthered by some of the city’s top architects and developers like Signatura, which are designing and building spectacular new homes and apartment blocks here.
“Vredehoek is still largely characterised by red-roofed cottages and double-storey family homes, low-rise Edwardian apartment buildings, and parks set along narrow, leafy streets. The appeal of this tranquil ambience has led to steadily rising demand and a 195% increase in the median house price over the past 10 years, to R5.6 million currently,” says Louw.
“Over the same period, according to property data company Lightstone, the median apartment price in Vredehoek has risen by 178% to R2.7m. We recently sold a 81m² two-bedroom apartment in the area for R3.69m.”
Lightstone statistics indicate 39 freehold home sales in Vredehoek in the past 12 months at an average price of R6m, and 127 sectional title sales at an average price of R2.4m.
The prices of properties advertised for sale in the area begin at around R1.1m for a studio/bachelor apartment in Disa Park, and range from around R1.45m to R2.9m for one-bedroom units. The price range for two-bedroom apartments is from R2.1m to about R4.25m, depending on views, size and finishes, while prices for three-bedroom units begin at around R4.3m.
Penthouses in new developments such as Trinity Gardens, The Arum and The Adelphi range from around R5m to R9m.
When it comes to freehold homes, buyers can expect to pay around R3.5m for an older, three-bedroom house, and up to about R9m for a four or five-bedroom mansion with expansive views, a pool and two or three garages.