Betty's Bay properties attracting interest

Betty’s Bay, the attractive small town set in the Kogelsberg Biosphere Nature Reserve, is still a largely undiscovered residential precinct. 

Its attractions being enhanced by large stretches of unspoilt fynbos, lagoons, beaches and spectacular mountains – and it is just 50 minutes’ drive from Cape Town.  What is more, the approach road, Clarens Drive, is rated by Jenny Crisp, the Rawson Property Group’s co-franchisee, with her husband Derek, for this area, as one of the most scenic drives in the world today.

The first quarter of 2014, says Crisp, saw a big increase in the number of property sales at Betty’s Bay and this has continued, with the result that she and her husband are now projecting a 50% year-on-year increase in sales for 2014.  The bulk of these, she says, are priced below R1,5 million and in the case of vacant erven below R400,000.

These days, says Crisp, Betty’s Bay is attracting a wide cross-section of people from all walks of life. Apart from its many holiday and retirement home owners, the area is fast becoming popular and well known for quick getaway stays and as an ideal place for professionals and consultants who work from home. This, she says, is because of its close proximity to Cape Town.

“There is possibly no other area in the Western Cape which so readily facilitates a relaxed lifestyle,” says Crisp. “Nevertheless, with nature literally on your doorstep, the area also offers a huge range of activities, something for everyone: swimming, surfing, body boarding, fishing, diving, beach and mountain walks and climbing.  There is also a wide selection of eateries and many famous wine routes close by.  The local small village shopping centre provides all that the average shopper needs, but Kleinmond, with its larger retail outlets and other facilities, is only 15 km away and is home to doctors, dentists, chemists and schools.  The larger, more sophisticated shopping malls of Somerset West and Hermanus are all within 30 to 45 minutes’ drive.”

Many of the best buying opportunities in this area, says Crisp, are vacant land — 60% of the sites currently available having already been developed to the point of having services installed. An entry level 780 m2 erf can be had for R199,000, while R360,000 will buy a 865 m2 erf within five minutes’ walk of the sea.  In the second row, one back, a site with sea views on a 920 m2 erf can be had for R850,000 and front row sites with uninterrupted sea views are available from R1,450,000.

Crisp says that there is always a demand for already built, less expensive or distressed homes, but although these are few and far between, she points out, an entry level holiday home can be had for as little as R700,000.  Homes on the beaches in the area can be priced from R4 million, those behind these being priced at R2,300,000.

Several property analysts, says Crisp, have said that any investment in prime coastal property (particularly those like Betty’s Bay in Biosphere Reserve) at this stage is almost guaranteed to show significant capital gain over the long-term. Precincts like Betty’s Bay, which were very much in demand before the slump, will, Crisp predicts, once again become highly sought after and she would strongly advise anyone interested in getting in to buy now while prices are still so very attractive.

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