03 Jan 2013
Camps Bay is a popular, yet expensive suburb situated on Cape Town’s Atlantic Seaboard. Its property price tags are largely attributed to its prime location, which is beyond the four beaches of Clifton at the foot of the Twelve Apostles and its proximity to the centre of town.
Property prices range from R4.5 million to R13.5 million. He says the average price of properties has been R6.5 million and the erven sizes range from 700 square metres to 1 500 square metres and the market stock consists of 69.99 percent freestanding homes and 30.05 percent sectional title units.
Many of the existing home owners (40.16 percent) are between 50 and 64 years old, with approximately 32 percent older than 65 years.
According to Lightstone, 45.45 percent of recent buyers are between 36 and 49 years old, while 31.82 percent fall within the 50 to 64 year old age group. A large number of recent sellers (42.55 percent) are older than 65 years and 35 percent are between 50 and 64 years old.
Goslett says Camps Bay is the epitome of the real estate mantra: location, location, location. He notes that the limited number of properties available, panoramic views and lifestyle offering has ensured a continual strong demand for property and a healthy return on investment over the long term.
Between December 2011 and November 2012, 70 freestanding homes and 32 sectional title units were sold in Camps Bay with 83.3 percent of those properties priced above R3 million.
House for sale in Eastleigh Ridge R 1 850 000
Townhouse for sale in Highveld R 1 190 000
House for sale in Kloof R 5 450 000
House for sale in Vanderbijlpark Sw5 R 690 000
House for sale in Verwoerdpark R 1 079 000
Commercial Property for sale in Rosebank R 43 500 000
Commercial Property for sale in Rosebank R 4 350 000
Commercial Property for sale in Bryanston R 52 500 000
Commercial Property for sale in Sandton R 8 520 000
Commercial Property for sale in Sandton R 9 006 000
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