Affordable prices is Fish Hoek’s bait for buyers

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.