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Low-priced homes in Cape Agulhas

19 Oct 2014

The ‘drought’ in Cape Agulhas properties is now coming to an end and the holiday home market will come to be seen as a “good place to be”.

This home located close to the harbour in Cape Agulhas, is on the market for R2.15 million through Rawson Property Group.

This is according to Rawson Property Group’s franchisee for Cape Agulhas, Marthie Jones, who says the number of enquiries coming to her office has trebled this year, and the sales since March have equalled her entire turnover for 2013.

She says this does not alter the fact that right now homes and stands throughout the district ”are almost ludicrously low priced” in relation to those in the more active and more densely populated areas closer to the big cities.

The area covered by Jones’ franchise includes Struisbaai, Bredasdorp, Napier, Cape Agulhas, Suiderstrand and Arniston.

Traditionally, the area has always attracted those looking for a country atmosphere and a quieter life in a low crime environment. It also attracts those keen on fishing, hiking, mountain biking, bird watching and other outdoor pursuits. Most importantly, however, the area is particularly suitable for those looking for an affordably priced home which will enable them to downscale or buy a second home, she says.

In the always fashionable small fishing village of Arniston, now very much ‘in’ with Capetonians, properties can be valued at up to R10 million. However, Arniston is in a class by itself and the prices are in no way representative of the area in general, says Jones.

A view of Cape Agulhas.

In Bredasdorp, by way of contrast, it is still possible to buy a two or three bedroom home for under or close to R1 million, and this sector of the market has been by far the most active, particularly this year. A four bedroom home currently on the market is priced at R1.18 million, while a five bedroom home on a 1 377 square metre stand is also available for R3 million.

She says particularly attractive to certain buyers, are the opportunities now available at the Blue Bay Nature Reserve, where a three bedroom home in a Cape Vernacular style can be bought for R1.72 million.

In Napier, it is particularly hard to get stock. With less than 2 000 inhabitants, it still attracts those looking for the ultimate in a peaceful weekend getaway pad. A three bedroom, two bathroom cottage on a 1 210 square metre stand is selling for R895 000.

Stand prices throughout the area still remain low. In Struisbaai, stands can be bought for R160 000, while the lowest priced home in the area is priced at R675 000.

Jones predicts that these low prices will not be sustained for more than a year or two.

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