Green Point cottages much in demand

"When quaint cottages in the Green Point village area and Three Anchor Bay come on the market, they usually sell very quickly," says Jean Bell, the Knight Frank Anne Porter agent in this area.

With the average selling price of this type of property being between R2,75 million and R3,75 million, she said, it is usually young professionals, first time buyers and older couples downscaling who tend to buy in this area.

"The charm that older cottages offer in these areas cannot be matched by the newer, more contemporary buildings," she said, "and it is probably for this reason that we sold three of these cottages recently."

All of the homes sold needed renovation and a little modernising, she said, which shows that buyers here don't seem to mind buying properties in need of sprucing up. In fact, it seems that people tend to prefer this as they can then personalise the home to suit their taste, she said.

One particular home that illustrates this perfectly, she said, is a four bedroom, four bathroom home in the T'Groenehof area of Green Point. This home is a double storey, plus an attic conversion, Victorian style terraced cottage with a small garden, a patio and an upstairs balcony. This home has been partially renovated with many of its original features still intact, including a stained glass window, two fireplaces and wooden floors.

A bonus in this area is garaging for two vehicles.

The list price is R3,95 million.

Green Point and Three Anchor Bay's closeness to the CBD, the stadium, the urban park and golf course, in addition to the general improvement of the area, have made this area a good place in which to live, said Bell. "There is a cosmopolitan vibe and an abundance of activity on your doorstep."

Article By: www.anneporter.co.za

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