Superb beaches, spectacular mountain and sea views, and a select lifestyle are drawing buyers to the Cape's southern peninsula and to Fish Hoek and Noordhoek in particular.
Fish Hoek has the added attraction of affordable prices at entry level, says Keith Searle of the RealNet Southern Peninsula franchise. "Prices in this quiet residential town start at about R450 000 for one-bedroom apartments, which are very popular among young entrants to the property market."
Family homes with three bedrooms in “the avenues” average around R1m but luxury homes with views of False Bay on what is fondly known as “millionaires' mile” on the mountainside are selling at prices of up to R10m.
Searle says that Fish Hoek is also still popular among older buyers who are downscaling. "For example older residents in Noordhoek, where stands are typically very large, are selling up and buying comfortable homes on smaller stands of around 500sqm because of easier maintenance, but without sacrificing a leisurely lifestyle," he says.
Meanwhile, property in Noordhoek is particularly popular among high-income buyers with young families. The suburb is situated at the foot of the famous Chapman's Peak drive and is bordered by one of the longest stretches of white sandy beach in the Mother City.
The large stands, ranging from about 1500sqm to several hectares, lend a rural atmosphere and most stands are large enough to keep horses. Indeed, says Searle, many residents stable their own horses and this makes the area sought-after among parents whose children want to keep ponies purely for recreational purposes or who compete in equestrian events.
Average three-bedroom family homes on smaller stands sell at around R1,8m, which is also the entry level for the area. Prices range up to about R16m for luxury homes on large parcels of land. Buyers can expect double-storey homes with five or six bedrooms, four bathrooms, large entertainment areas, sweeping views of Chapman's Peak, and perhaps stables, at this price level, says Searle.
Article By: www.realnet.co.za
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