Gem on the At­lantic coast

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THE scenic stretch of Cape coast from Hout Bay to the V&A Wa­ter­front, known as the At­lantic Seaboard, boasts land­marks such as the slopes of Lion’s Head and the Twelve Apos­tles along with real es­tate that is among the prici­est in the coun­try.

The At­lantic Seaboard in­cludes the res­i­den­tial sub­urbs of Green Point, Sea Point, Mouille Point, Camps Bay, Bakoven, Llan­dudno, Hout Bay, Clifton, Fres­naye and Bantry Bay which of­fer easy ac­cess to a range of ameni­ties and some of the Cape’s best beaches, in­clud­ing Clifton, Llan­dudno and Camps Bay.

Lo­cated on the bor­der of Up­per Fres­naye and Bantry Bay in a very quiet, ex­clu­sive cul-de-sac with only four houses is this home, which is for sale through Do­gon Group Properties.

Talk­ing about prop­erty on the At­lantic Seaboard, Denise Do­gon says that the mar­ket has been con­sis­tent, with a dif­fer­ence in ask­ing price and ac­tual sell­ing price be­tween 10% and 20%. She says that al­though some of the properties can sit on the mar­ket for a year or two be­fore sell­ing, the gen­eral turnover is, on aver­age, ap­prox­i­mately 100 days.

“This is a very ex­clu­sive area. Do­gon Group Properties re­cently sold a neigh­bour­ing prop­erty for R65m. There are no apart­ments in the area and most houses have a min­i­mum of three bed­rooms and a swim­ming pool.”

En­try level prices, she says, are around R10m.

Mid-level homes sell in the R20m range and are lo­cated higher up with breath­tak­ing views, while the most ex­pen­sive homes are those which achieve record prices as they have ei­ther been ren­o­vated or are brand new with all the nec­es­sary fea­tures and ben- efits of su­per lux­ury homes.

When it comes to buyer trends, Do­gon says they are sim­i­lar to what they have been in the last five years. The ma­jor­ity of buy­ers are from Gaut­eng or KwaZulu-Na­tal with 10%-15% from else­where in Africa or Europe.

Statis­tics from Light­stone, a prop­erty data provider, show that in Fres­naye, close on 69% of the 77 properties which were trans­ferred be­tween July last year and June this year were sold for more than R3m. Light­stone data in­di­cates that the aver­age price of a full-ti­tle home in Fres­naye is around R6,6m. Bantry Bay has an even high aver­age price, of around R9,32m. From July last year to June this year, there have been 67 prop­erty trans­fers in Bantry Bay, of which nearly 54% were priced above R3m.

“The area is ex­cep­tional as an in­vest­ment area,” says Do­gon. “It

The de­mand for prop­erty here gen­er­ally ex­ceeds the sup­ply

has an ex­cep­tion­ally beau­ti­ful set­ting be­tween the sea, beaches and the moun­tain. The weather is more mod­er­ate than any­where else in Cape Town and the de­mand for prop­erty here gen­er­ally ex­ceeds the sup­ply.”

With the scenery as a prime draw card for buy­ers in the area, Do­gon says that there is a huge price vari­ance be­tween properties with a view and those with­out, which can be as much as 50% of the price.

Priced at R35m, this home is sur­rounded by green­ery and over­looks the bay. Set on 990m² with 600m² un­der roof, this home boasts an el­e­gant spa­cious in­door liv­ing are that flows out to large pool deck. With its four re­cep­tion rooms, this home also has a large kitchen, a study, three bed­rooms with his and hers bath­rooms in the mas­ter suite. On the low­est level is a wine cel­lar, ideal for ca­sual en­ter­tain­ing. Ad­di­tional fea­tures in­clude an in­ter­nal el­e­va­tor, a store­room, a gym and art stu­dio, un­der­floor heat­ing, air conditioning, a laun­dry/scullery, staff ac­com­mo­da­tion and in­ter­nal vac­uum sys­tem through­out the house, dou­ble garag­ing and off­street park­ing for three cars.

The own­ers’ favourite fea­ture is the large deck with a mag­nif­i­cent tree that has been al­lowed to grow through, pro­vid­ing shade with a gazebo-type eat­ing area that is wind-free, north-fac­ing and sunny with breath­tak­ing views.

“This home is ideal for the dis­cern­ing buyer who ap­pre­ci­ates the el­e­gant liv­ing of a by­gone era. It is very un­usual to find a gem like this on the At­lantic Seaboard,” Do­gon says. Price: R35m Con­tact: Do­gon Group Properties Denise Do­gon 082 449 6608

Michelle Funke

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