14 Feb 2012
If you ask your loved one for a present on this Valentine’s Day, ask for one of these exclusive homes as they will appreciate in value with time.
Pam Golding Properties (PGP) reports that Betty’s Bay on the Cape Overberg coast is an ideal getaway location for many Capetonians and other visitors.
It’s no longer enough for these people to visit, they actually buy these homes either as holiday homes, weekend cottages or getaways to celebrate events such as Valentine’s Day.
PGP’s area manager Mike Bisset says the majority of sales over the holiday period were cash sales to buyers seeking homes for holiday use or weekend cottages.
Buyers in Betty’s Bay are spoilt for choice as they get to choose from a variety of homes at prices that suits their pockets.
Properties that are accurately priced for current market conditions sell fast as buyers are well-educated on what money buys what type of property.
Over-priced homes no matter how beautifully designed or ideally located just don’t appeal to buyers.
For buyers who love the feel and look of country homes and enjoy wine, the Cape Winelands village of Franschoek offers just that.
Instead of taking longer to create a Valentine’s atmosphere, wine, candles and all, properties in one of South Africa’s oldest and most famous wine estates will ensure that you do this all year round and not just on special occasions.
It is also a safe and secure area with a happy community.
If your Valentine’s present hasn’t arrived yet, it is possible it will arrive sometime this year, at least I hope.
A 137ha wine estate in Franschoek is looking for a buyer and wine connoisseur and it is priced for approximately R69 million.
The estate perched at the entrance to the Franschhoek Valley, is a working wine estate with five self-catering cottages.
It produces crops of a mixed variety of wines, many that are sold to upmarket estates that produce some of the finest wines in the country.
The 36.99ha of vines include SA Riesling, Semillon, Sauvignon Blanc, Chenin Blanc, Cabernet Sauvignon, colombar, Shiraz, Pinotage, and Chardonnay.
The property is zoned agricultural with guest house/accommodation rights, however, the current owners have drafted up a development proposal to expand on the current offerings.
“An opportunity exists for developing the estate, which lends itself to the creation of a luxury hotel.”
What’s more, the estate is situated within walking distance from the Victor Verster prison where former President Nelson Mandela, South Africa’s first democratically elected president was famously released after many years of incarceration.
Many people incorrectly believe he was released from Robin Island, but his final release on 11 February 1990 was from the gates of the Victor Verster Prison.
This event is now commemorated with a larger-than-life bronze statue depicting his famous victory salute, says Hager.
Lanice Steward, managing director of Anne Porter Knight Frank (APKF) describes the row of cottages as the most sophisticated Cape style cottages yet seen in the precinct.
The upgrading was done without destroying the cottages’ 19thCentury Victorian appeal or going against any of the village’s heritage design guidelines.
Even the painting of the traditionally white plastered walls in a dark grey has been widely praised and is said to conform to certain traditional area colours.
Two of the cottages are now priced at R1 795 million and another for R1 950 million (this last unit has 109 square metres of floor area).
The cottages have two bedrooms and two bathrooms and prices being asked for these homes are below the average for the area which in December 2011, Propstats calculated at R2.045 million.
APKF says Wynberg Chelsea is one precinct which has successfully shrugged off the downturn in property prices.
An ongoing price rise of in the region of 16 percent annually is set to continue in this area, says the agency.
“Wynberg Chelsea is an “in” area in which any investment is extremely secure.”
I reckon, love is also totally guaranteed with improved annual returns too.
Kevin Engelsman Seeff Plettenberg Bay licensee, explains that the market is full of realistically priced properties with sellers only having to discount their asking prices by around 10 to 20 percent compared to between 30 and 40 percent a year ago.
Buyers include locals and foreigners with many looking for great views and do not mind older homes that they can remodel.
They take time to really check out the market with one buyer spending as much as four years to spend R5 million on a home that will be used long after Valentine’s Day has come and gone.
Engelsman says some of the good value stock in the market includes a 1 039 square metre vacant plot with sea views and a stand the Robberg Nature Reserve on offer for R595.000.
A three-bedroom apartment with luxury finishes with views to die for selling for R1.3 million, while a 400 square metre family home with four bedrooms is on the market R2.15 million.
Luxury homes in a secure estate in Whale Rock sell for R6.9 million, he adds.- Denise Mhlanga
Denise MhlangaProperty journalist at property24.com
If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.
For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.
Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724