Simonstown a top spot now for British ‘swallows’

Charming Simonstown has become the home-from-home of choice for many British retirees who spend several months a year in SA during the northern winter.

RealNet is currently marketing a two-bedroom apartment in Simonstown with stunning views across False Bay. An ideal lock-up-and-go property, it is priced at R1,15m.
“The genteel,‘colonial’ lifestyle that the village offers is a strong draw card for these residents,” says Keith Searle of the local RealNet franchise.
"Many are introduced to Simonstown while on a package tour of the Cape and promptly fall in love with the sea views towards False Bay, the waterfront restaurants, the well-preserved historical buildings and the nautical atmosphere thanks to the Naval base here and the local yacht club," he says.
“Of course the current exchange rate also benefits UK buyers, and their strong currency makes it possible to set up and maintain a second, fully-furnished home in Simonstown. Some even keep a spare vehicle in SA, because it is more affordable and convenient than renting a car while they are here.”
Searle says that because of their extended absences, UK buyers prefer lock-up-and-go units with sea views in secure complexes, and that prices in such developments currently start at around R795 000 for compact 55sqm units with a single bedroom and bathroom.
“Larger, two-bedroom units selling from around R1,1m are also in demand, while penthouses with three bedrooms and two bathrooms are selling readily at prices of around R1,6m when they become available.”
At the same time, upmarket freehold homes on the mountainside above Simonstown are being actively targeted now by well-heeled SA buyers who are either retired or plan to retire shortly, as well as some international buyers from the UK and Germany, he says.
"Prices of these homes, many of them split-level to accommodate the elevation and afford the best possible views over the ocean, start at around R2,8m. Homes in this price range usually offer three bedrooms and two bathrooms with around 150sqm under roof. Top properties sell at prices of up to R15m.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 24 Nov 2017
      Tshwane’s four-bedroom Mayoral mansion, nestled among ambassadorial residences in the upmarket suburb of Muckleneuk, fetched R5.1 million after spirited bidding at High Street Auctions’ final sale of the year.
    • 23 Nov 2017
      Reserve Bank Governor, Lesetja Kganyago, said that the Monetary Policy Committee had once again decided to let the interest rates remain unchanged with the repo rate at 6.75%, and the prime lending rate at 10.25%.
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us