Tableview Property Report

Private Property South Africa
Anna-Marie Smith

Tableview , the friendly seaside suburb located along Cape Town’s northern shores, was aptly named after its perfect view of Table Mountain.

This suburb forms part of the historic Blaauwberg Region that dates back to pre-colonial times of Khoi settlements in the early 1700’s, and also includes Milnerton and Bloubergstrand. Tableview’s earliest history dates back to 1647, when crewmen of the shipwrecked Nieuwe Haarlem built a shelter and also erected fort Fort Zandenburgh. Tableview’s surrounding areas offer a number of historical attractions depicting the Battle of Blaauwberg during World War 2, historical monuments and sites such as the Blaawberg Conservation area, various shipwrecks, the Rietvlei Outpost and Lagoon, and the Ysterplaat Airforce Base.

Holding the perfect lure to prospective buyers, it offers an attractive beachfront area, lined with apartment blocks, retail and entertainment venues, as well as a large proportion of freehold properties, all within close proximity to a number of schools. This community oriented suburb is known to attract first time homeowners and families who are either water sport enthusiasts or those who have prioritized a healthy lifestyle. Past holiday makers who relocated to Cape Town say Tableview offers an affordable option of living near the coast and within close commuting distances to the city and industrial areas. The marine theme of this suburb extends to three beautiful beaches, including Little Bay, Dolphin Beach, and Big Bay Beach that proudly holds Blue Flag Beach status, and extreme sports such as kite surfing has laid claim to Blaauwberg’s Kite Beach. For cycling enthusiasts there is the ideal commuting facility of Cape Town’s first dedicated cycling track, a 15km course running from Woodbridge Island in Milnerton to the city.

Tableview’s property offerings fall within a broad range of products including sectional scheme and freehold, with a market stock mix where sectional scheme properties currently exceed freehold by 6%. Lightstone’s statistics reflects that 36% of the stable property owners in this suburb fall between 36 and 40 years of age, with the same percentage aged between 50 and 64 years, and 40% of recent buyers and sellers are aged between 36 to40. Residents have access to a number of choices in both public and private schools such as Lilliput Pre-primary, Tableview Primary and High schools, Parklands College, and Saint John’ Combined School. Another benefit of living here is that school children and residents can now commute on the MyCiTi feeder bus service between the suburbs of Blaauberg and the city, at minimal cost.

While Tableview’s best property sales performance during the period 2004 and 2011 recorded in 2004 has not been repeated, last year saw similar sales patterns as in 2008 where 220 freehold and 180 sectional scheme properties were sold, compared to those in 2010 of 202 freehold and 185 sectional scheme. Highest average prices for the period 2004 to 2011 were fetched in 2008, with freehold averaging R1 352 million and sectional scheme R811 000.

Although the first three months of this year has seen a noticeable drop in average prices to R891 000 for freehold, and R594 000 for sectional scheme, Lightstone shows a large residential stability factor. Those who have been resident in Tableview in excess of 11 years, are represented by 31% of the total number of property owners, as well as 25% of recent sellers.

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