Hout Bay perfect for young families and professionals

Superb value, scenic, safe and twenty five minutes from everywhere! That is what is drawing more young families and professionals to the village of Hout Bay, say Seeff's agents for the area.

While demand for properties has been steady since 2009 with around 200 properties selling annually to the total value of around R500 million, there has been a notable increase in buying activity here says Seeff's sales manager for Hout Bay and Llandudno, Stephan Cross. Last year, about twelve properties sold on average per month; this has now increased to about sixteen on average, he says.

While the village is popular with older buyers, Cross says that Seeff has noticed about a 30% shift in demand from young family and professionals this year. Many recent buyers have been drawn from the Atlantic Seaboard and Southern Suburbs and we have also made a number of sales to Johannesburg buyers who are either relocating to the Cape or have acquired holiday homes in the village. The village is a short commute to the city centre and Southern Suburbs and Cross confirms that property prices are about half to as much as a third of what you would pay on the Atlantic Seaboard or in the Southern Suburbs.

Hout Bay is a safe, family-friendly area with an active neighbourhood watch. Residents enjoy a cosmopolitan lifestyle says agents, Noeline Huisamen and Paula Chipps. We have beautiful mountain ranges, beaches, horse riding trails and fynbos walks and a stunning selection of leisure activities; from trendy decor stores and art galleries to coffee shops and restaurants such as Kitima, voted the best Asian Restaurant in the country last year. The Fisherman's Wharf and harbour (which is soon to be upgraded) and Bay Harbour Market is a popular venue for weekenders seeking a great day out.

There is an excellent selection of schools and a new international school is under construction to cater for the growing number of foreign residents in the village.

House prices start from around R1 million for apartments and townhouses while three and four bedroomed homes are selling for between R2 million and R5.5 million says Huisamen. These include lovely English country-style family homes, two of which were recently sold here by Seeff to out of town buyers. Estate homes are also a popular option. Johannesburg buyers recently snapped up two such homes. The first, is a holiday home with mountain and bay views in Scott Estate that sold for R4,6 million while the other, a family home in Northoads Estate that offers shared facilities such as a gym, swimming pool and tennis courts sold for R4,25 million.
According to Cross, sales to young family buyers from the CBD include a renovated three-bedroomed home that sold for R2,5 million while a renovated family home in Baviaanskloof was snapped up for R3,3 million by a young family from the Southern Suburbs. A young couple from Claremont bought a family home with a flatlet and lovely garden with a swimming pool in Forrester for R2,5 million. A young, professional from Johannesburg bought an apartment in Red Sails on Main Road for R1,65 million. A local investor also bought three units in the Red Sails complex for R4,35 million.

The family value on offer in Hout Bay is illustrated by a renovated double-storey loft-style home with lovely views that is on the market for R2,25 million says Cross. The home offers three spacious bedrooms and open-plan living areas with a fireplace as well as a double garage set in a lovely garden with a swimming pool. There is also a separate flatlet. Simply unbeatable value he concludes.

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