Re­sort-style liv­ing has Camps Bay properties reach­ing new heights

Weekend Argus (Saturday Edition) - - PROPERTY -

EV­ERY­DAY re­sort-style liv­ing is lur­ing more lo­cal and for­eign buy­ers to Camps Bay, aco­ord­ing to Se­eff.

Al­though Camps Bay has al­ways ranked among the top At­lantic seaboard neigh­bour­hoods, in the past two years there has been a note­wor­thy uptick in buyer ac­tiv­ity and aver­age prices, say Se­eff agents Rochelle Ser­man and Lyn Pope.

“Camps Bay sales for 2012 were up by just over 40 per­cent over the pre­vi­ous year in rand value. A to­tal of 95 properties worth al­most R695 mil­lion were sold here com­pared to 78 properties worth R496.3m in 2011.

“Mar­ket ac­tiv­ity for this year is al­ready off to a pos­i­tive start with about 49 prop­erty sales to the value of R351.8m al­ready re­ported. The sub­urb also ranks tops with for­eign buy­ers. This year, around 16 properties worth al­most R150m were bought by buy­ers from across the globe in­clud­ing the UK, Europe, USA, Mid­dle and Far East and African coun­tries such as Nige­ria, An­gola and Congo,” say Ser­man and Pope.

“The aver­age free­hold house price has also strength­ened by just over 17 per­cent in the last year to around R8.556m, up from R7.3m in 2011 and sig­nif­i­cantly bet­ter than the national aver­age house price growth of around 5 per­cent to 6 per­cent re­ported by FNB. The strong mar­ket is fur­ther ev­i­denced by the con­tin­ued strength­en­ing of buy­ing ac­tiv­ity at the top end. Around eight properties worth over R10m have been sold in Clifton, Bantry Bay and Fres­naye and nine in Camps Bay.

“For the whole of 2012, only 10 Camps Bay properties priced above R10m were sold.”

The agents say the sub­urb’s re­sort-style homes con­tinue to sell for prices that range from R12.75m at The Grange to R18.5m for a lux­ury villa in Wood­ford Av­enue.

A new list­ing is for sale at R18.95m in Shanklin Cres­cent where a home was re­cently sold for R20.4m. The 430m dou­ble storey house on a 1 021m2 plot was de­signed by Neil Sachs of Zuck­er­man Sacks Ar­chi­tects.

Fin­ishes in­clude air-conditioning through­out and un­der-floor heat­ing in the liv­ing ar­eas and bath­rooms. A por­tion of the home’s elec­tric­ity needs are pro­vided by so­lar power.

SLEEK STYLE: This Shanklin Cres­cent house de­signed by Neil Sachs of Zuck­er­man Sacks Ar­chi­tects is for sale at R18.95 mil­lion.

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