Life’s a beach for home seekers

2015-08-18 06:00

This Glencairn home with views of False Bay was sold for R3.35m.

This Glencairn home with views of False Bay was sold for R3.35m.

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Affectionately known as the Deep South, the False Bay peninsula – with its collection of villages that hug the mountain slopes and rocky coastline – has a charm and beauty of its own that has been luring increasing numbers of buyers over the last year.

This is the word from branches of a national property company that includes neighbourhoods like Muizenberg, Kalk Bay, Fish Hoek, Glencairn, Simon’s Town, Noordhoek and Kommetjie.

Chief executive officer of the property company, Gary Grobbelaar, says in a statement the lifestyle on offer plays a significant role in the decision to buy here.

“Most properties are relatively close to the beaches and the living here is about as easy as it gets. Add to that some of the best surfing in the country and plenty of seaside eateries and pubs.”

While the location is prime and property values have grown notably – especially over the last two years – the value on offer is still excellent compared to other seaside suburbs.

“As the word gets out, we are seeing more and more tourists flock to the area; a nice boost for business, but also for the property market. We have seen an increase in the number of buyers here, with anything under the R1.5m price mark selling rapidly.

“A Muizenberg flat, for example, recently attracted 17 show day visitors and four offers and sold for R790 000.”

Grobbelaar says each neighbourhood of the peninsula offers its own unique property options and pricing structure.

“Muizenberg is the surf capital of the Cape and offers just about anything for the avid surfer along with a lovely beachfront area with eateries and, more than ever, the attraction of a world-class lifestyle,” says Bonita Lee, an agent in the area.

It now boasts an average house price of around R1.3m, a phenomenal 30% more than last year’s average. Flat sales, however, are still predominantly below the R1m mark, selling for about R11 000 to R15 000 per square meter on average.

Fish Hoek, meanwhile, still offers a real hideaway for those looking to escape the daily grind of city stress. It now boasts an average sales price of R2.1m, already up by 11% from last year.

While you can still find the odd flat here for under R1m, houses have sold for just more than R1.3m to a top price of R5.5m for a large five-bedroom home.

Simon’s Town, with its charming yacht-lined bay, is the headquarters of the South African navy and boasts a strong nautical history and culture. As with most of False Bay, it is a holiday hotspot.

Between Fish Hoek and Simon’s Town lies the charming suburb of Glencairn.

“Popular for its rural tranquillity and, aside from locals, buyers from upcountry areas such as Johannesburg, Pretoria and KwaZulu-Natal, along with expatriates returning to the country, are all buying here now,” says another agent, Eloise Day.

The average house price here is now about R2.1m with a top price of R3.65m.

On the other side of the peninsula, Noordhoek in particular has seen strong activity over the last year, according to agents Roni Finlay and Brigette Spaltman.

With an average house price of about R4.3m and a top price of R11.5m it is now one of the most sought-after suburbs in the city.

Neighbouring Kommetjie, meanwhile, boasts an average house price of about R3m and a top price of R8.8m for a large four-bedroom home and up to R1.6m for a vacant plot

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