Af­ford­able prices is Fish Hoek’s bait for buy­ers

Weekend Argus (Saturday Edition) - - PROPERTY -

THERE’S a short­age of en­trylevel stock priced from R800 000 to R1.2 mil­lion in Fish Hoek, ac­cord­ing to Mike Gre­eff, chief ex­ec­u­tive of Gre­eff Properties, an af­fil­i­ate of Christies In­ter­na­tional Real Es­tate.

“Th­ese properties are snapped up al­most as soon as they come on to the mar­ket, and they’re fetch­ing close to the listed prices,” says Gre­eff.

“There is sig­nif­i­cant value for money on this side of the moun­tain, not just com­pared to properties on the At­lantic side of the penin­sula, but also by c o mpar­i­son with s i mi­lar ac­com­mo­da­tion in the south­ern sub­urbs. Homes that would cost R5m to R6m in Con­stan­tia are priced at R3m to R4m in Fish Hoek.”

Gre­eff says buy­ers look­ing for af­ford­able homes in Fish Hoek are will­ing to com­mute the ex­tra 15 or 20 min­utes to work or schools.

Gre­eff is mar­ket­ing a sev­enbed­roomed home with six bath­rooms and sea and val­ley views at R3.95m.

“This moun­tain­side home is in im­mac­u­late con­di­tion and could be used as a guest house or bed-and-break­fast. It has a fit­ted gourmet kitchen and the price in­cludes VAT, so there is no trans­fer duty.”

Other homes for sale by Gre­eff in Fish Hoek in­clude two- bed­roomed flats from R695 000 to R1 275m, a three­bed­roomed fam­ily home on a 243m² erf for R1.25m, and a four- bed­roomed home on a 545m ² plot with panoramic views for R4.6m.

Gre­eff says properties right on the coast­line are more ex­pen­sive, but of­fer ex­cel­lent value com­pared with sim­i­lar At­lantic seaboard homes.

He re­cently sold a four-bed­roomed home with four bath­rooms and four garages close to the shore­line with di­rect ac­cess to Jager Walk, for R10m.

“Homes like this are sel­dom sold, they are handed down through gen­er­a­tions, but the mar­ket clearly per­ceived the value and of­fers were made ac­cord­ingly,” he says.

SU­PERB VIEWS: This sev­enbed­roomed Fish Hoek home with six bath­rooms is for sale at R3.95 mil­lion.

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