Between sea and mountain
Property on the Cape’s Atlantic Seaboard remains as popular as ever
EARLY Cape governors initially thought that what is now the Cape’s Atlantic Seaboard suburb of Camps Bay was too wild and unreachable to inhabit permanently. Camps Bay is said to be named after Fredrick Ernst Von Kamptz who lived on the farm “Ravensteyn” during the 1700s.
Some of the suburb’s earliest buildings bear testimony to the fact that it was used largely as a hunting ground — for example, the famous Roundhouse, built as a hunting lodge for the governor Lord Charles Somerset in 1807.
After Kloof Road was built in 1848, the area became popular as a picnic spot. Thomas Bain was commissioned to build a road from Sea Point to Camps Bay, using convict labourers. This road was completed in 1887 and was named Victoria Road in honour of Queen Victoria’s jubilee in 1888. But it was not until 1913 that Camps Bay was formally incorporated into Cape Town.
Even then, it remained chiefly a summer holiday destination, and it was not until well into the latter half of the century that a more permanent population took root.
Since then, of course, property along the Atlantic Seaboard has exploded in value, and today the suburb is home to more than 3 500 households. Entry-level prices now start at around R2,5m for apartments and townhouses and R5m for older houses in need of some renovation. Top-end villas with modern luxury features can fetch R15m to R20m, and there are a handful of ultra-luxury properties around the R30m mark.
Nestled between Lions Head, Table Mountain and the Twelve Apostles, overlooking the Atlantic Ocean, it is easy to see why its palm-fringed beachfront continues to attract a bright array of beautiful people, sportsmen and actors who love being seen sipping cocktails at the numerous sidewalk cafes.
But, says Pam Golding Properties, it is just as popular with established families and foreign visitors who are attracted not only by the beautiful location between mountain and sea, but also by the spacious homes and their proximity to leading schools.
Pam Golding Properties’ MD for the Western Cape metro region, Laurie Wener, says Camps Bay offers not only spectacular panoramic views and unforgettable sunsets, but also a laid-back cosmopolitan lifestyle which makes it particularly popular with foreign tourists and “swallows” who spend the summers here.
“For families it is also an ideal location,” she says, “close to the healthy attractions of surf and sea, and also to excellent schools, from the highly-rated Camps Bay High School to the popular schools of the City Bowl, easily accessible over Kloof Nek. These include Herzlia, St Cyprian’s, Reddam Atlantic Seaboard, and Jan van Riebeek, as well as the German School.”
It is here, in the Deep Glen section of Camps Bay, that our feature home is situated. On the market for R24,995m, the 600m² home, which is set on a 1 000m² stand, features four bedrooms, three bathrooms and four garages. Other features include a bar, media room, study and spacious staff accommodation. There is also an excellent flow from the substantial indoor entertainment areas onto a large terrace alongside a rim-flow pool.
Pam Golding Properties area manager for the Atlantic Seaboard and City Bowl, Basil Moraitis, says that it is rare to find property for sale in this particular section of Camps Bay, due to its outstanding location, offering privacy and spectacular sea views.
The Institute of Estate Agents of South Africa’s PropStats monitor indicates that 38 properties changed hands in Camps Bay between October last year and March this year, at an average price of R7,045m.
Knowledge Factory’s SAPTG show that 54 full title properties were transferred between March last year and February this year for an average price of R6,9m. This price is slightly up from the 2008-09 period, where the average selling price was R6,4m. However, volumes in this period were slightly higher, with 56 properties transferred. The one-year appreciation trend shows a 6,9% value growth, while the three-and fiveyear trends reflect a 7,43% and 14,14% appreciation respectively.
R24,995m Pam Golding Properties Barbara Rogers 082 889 0140