Be­tween sea and moun­tain

Business Day - Home Front - - FRONT PAGE - Michelle Swart

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

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