Many buyers enjoying the relaxed Noordhoek

This luxury equestrian property in Noordhoek was recently sold for R11.5 million.

Although a small suburb with fewer than 3 000 residents and a total of 700 homes, Noordhoek is a rare gem for property buyers, and there is now a shortage of stock to meet the buyer demand, according to Seeff’s agents, Roni Finlay and Brigette Spaltman.

Located on the far southern side of the peninsula amid unspoilt fynbos, Noordhoek has a rare rural tranquillity and it is its location that attracts buyers, even though it is at least an hour’s drive into the city during peak traffic times, say the agents.

The suburb lies in an environmentally sensitive valley, completely encircled by Table Mountain Trust and Parks board land and is fronted by the 8km Long Beach that stretches up to a wetlands area.

Here, you can enjoy clean air and the benefits of outdoor living with walks, cycling and horse riding. There are horses everywhere and, say the agents, the smallholdings, horse-riding club and superb riding trails throughout the wetlands and beach attracts many horse lovers.

In recent years, the Farm Village, Red Herring Centre and a wine farm in the area have become destination meeting places for locals and visitors where they can enjoy good food and music and develop life-long friendships. The strong community spirit once again came to the fore during the recent devastating mountain fires, says the agents.

“Although Noordhoek is like a rural country village with no street lights, we still have top amenities right on our doorstep at Long Beach Mall, Fish Hoek and just beyond.

“Although now out of reach for first time buyers, the area is especially popular with family and professional buyers, many of whom are increasingly prepared to pay many millions for a home here. Interestingly, it also attracts many Johannesburg and Pretoria people moving to Cape Town,” say Finlay and Spaltman.

From April 2014 to the end of March, about 37 properties worth just over R112 million were sold in the suburb, according to the latest data from Propstats. Seeff sold worth over R40m worth with a number of sales of around R5m to R6m ranging to a top price of R11.5m for a luxury two acre equestrian property with a four-bedroom home, two further guest apartments, a swimming pool, stabling and a paddock.

The average sales price for the suburb has climbed dramatically over the last year. It now sits at just over R3m, up year-on-year by 50 percent from just over R2m for the preceding 12-month period.

“There is a restriction on sub-division below around a quarter of an acre (about 1 000m²) and property sizes therefore range from a quarter to about five acres along with larger smallholdings. Land prices start at around R1.9m for a quarter acre to R11.9m for 6.4 acres of land in the heart of Noordhoek,” say the agents.

“Prices for homes for sale range from R3.85m to R28m on 5 acres. At Lake Michelle, where Seeff has just sold a quarter acre vacant plot for the record price of over R2.6m, whereas the previous highest price of R1.564m was paid in August 2010). House prices start at R3.2m for a cottage on a quarter of an acre,” says Finlay and Spaltman.

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