Expat and Johannesburg buyers head for Noordhoek

While there has been a sustained demand from local buyers for homes in the Noordhoek area, Seeff agent, Dale Gremels says that she has seen a spike in expat and Johannesburg buyers since early last year.

Over forty percent of the 27 properties that I have sold here have been bought by expats and Joburgers relocating to the city. The agent attributes this to a combination of convenience, good value and the safe, country-like surrounds.

Situated in a scenic fynbos valley and fronted by the 8km stretch of pristine Long Beach, the suburb is a nature and equestrian paradise and especially family and child friendly. Despite its country-like lifestyle, it in fact provides excellent access with just over half an hour's drive to the city, Southern Suburbs and surrounds and the airport is en-route says the agent.

The neighbourhood borders on wetlands and the Silvermine Nature Reserve and residents enjoy a village lifestyle amidst stunning surroundings, yet with shops, restaurants, pubs, medical facilities and good schools in the vicinity and a school bus that runs from Kommetjie through the area.

Sales to expats include a beachfront home that was bought by a London-based expat for R9 million; the highest price in the area since 2007. An expat based in Mumbai, India bought an equestrian plot with a small cottage on it for R3,2 million with the intention of developing the estate and buildings thereon. Yet another expat who recently returned from Mumbai bought a beautiful family home with a swimming pool in Brookwood for R3,45 million. I am also currently finalising a sale of a property for around R4 million to a Dubai-based South African buyer who is married to a foreign national, adds the agent.

Sales to Johannesburg buyers have also been a mix of family homes and equestrian properties, continues the agent. These range from an equestrian estate with a small cottage in Old Cape Farm Road that sold for R2,6 million to a lovely family home in San Michelle that was bought for R3,75 million by a buyer who is settling his family here and commutes each week to Johannesburg. I am also working with a number of Johannesburg buyers and expats including some looking to acquire a second home here.

Recent buyers include professionals, artists, business executives and younger families looking to settle in this tranquil residential neighbourhood. Property options in the neighbourhood range from homes on plots of around 1,000sqm to equestrian estates and large, 4,000sqms plus sized plots. Prices range from around R2,5 million to around R6,7 million for a large, five-bedroomed family home with a swimming pool and stunning sea and mountain views in Belvedere. There is however, a shortage of homes priced under R4 million says the agent.

Besides the good selection of equestrian properties, there are also excellent stabling facilities in the neighbourhood for horse lovers who either do not have the space or the time. While many equestrian properties already have stabling facilities, buyers have been quite prepared to buy for the land size and then develop their own and even renovate or build a new homestead. Prices range upwards of R4,95 million for a one acre plot suitable for the addition of stabling and with a three bedroomed home with a study and flatlet. At the top end, buyers can expect to pay R17,5 million for a 13,700sqm plot with a stabling block for three horses, lush paddocks and a five-bedroomed architectural home with a swimming pool, loads of extras and sea views located close to the De Goede Hoop Estate.

The suburb is also home to a few exclusive estates favoured by discerning buyers. The De Goede Hoop Estate is set in a 300ha private Fynbos Reserve with stunning mountain and sea views and homes on five-acre stands with permission for stabling and outbuildings. The award-winning Lake Michelle eco estate is built around a beautiful lake and features a selection of "Cape Cod" architectural homes priced around R4,395 million for a large, four-bedroomed family home with a swimming pool situated on a pond with stunning mountain views.

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