select
|

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.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
    • 19 Feb 2018
      Situated approximately halfway between Johannesburg and Pretoria, Midrand was established in 1981 and forms part of the City of Johannesburg Metropolitan Municipality. It has become one of the major business hubs in the country with major pharmaceutical, textile, telecommunication and motoring giants situated within its boundaries.
    • 19 Feb 2018
      The PayProp Rental Index Annual Review of 2017 shows that the rental market suffered from much volatility during the year. It kicked off with rental growth spiking in January with weighted year-on-year growth (YoY) growth peaking at 8.3% before dropping to 6.34% in July, dipping down to less than 5% in November and then experiencing a slight uptick at 5.75% in December.
    • 19 Feb 2018
      While most homes in cluster complexes, estates and other gated communities come with at least one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
    • 15 Feb 2018
      One positive consequence of the financial crash in 2008 was the rise in consumerism, especially in the property market, where buyers have steadily become more knowledgeable and more value conscious.
    • 15 Feb 2018
      While most homeowners will take the agent’s commission into consideration when they are trying to determine what the will get out from the sale of their property, many often forget to factor in the other costs involved in a home sale, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news. Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it’s a double-edged sword as the market also will come under increasing pressure from factors like declining disposable income levels.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK