Embrace country living in Tarragona, Hout Bay — close to the ocean with mountain backdrops — income-producing cottage on 1,627m² plot with scope for a second dwelling.
Offers from R6 250 000.
Set on a beautifully, soon to be subdivided 1,627m2 plot in one of Hout Bay’s top three suburbs, this unique country property offers both immediate income and exceptional future potential.
The property currently features a charming, cosy cottage generating approximately R240,000 per annum, making it an attractive income-producing asset from day one.
What truly sets this opportunity apart are two compelling advantages:
1. A Dream Cottage with Minimal Investment
With a touch of imagination and light enhancement, the existing cottage can be transformed into the quintessential country retreat—full of character, warmth, and lifestyle appeal.
2. Significant Development Upside
The generous land size allows for the construction of a second dwelling. This presents a clear opportunity to create substantial additional value—whether for resale, rental income, or multi-generational living.
Located in Tarragona, where stock is extremely limited and demand continues to grow, this offering is increasingly rare. Property values in the area are forecast to keep rising, further strengthening the investment case.
Opportunities like this—combining income, lifestyle, and development potential—are becoming scarce in Hout Bay.
The property is perimeter-secured with an existing driveway in place. A new driveway will be positioned at the rear of the property, ensuring enhanced privacy for the cottage and any future development.
Enjoy country living, close to the ocean and with mountain backdrops from every angle.
Quiet, low density neighbourhood.
A rare convergence of location, land size, and development options in prime Tarragona.
Newly subdivided
A smart acquisition for the discerning buyer
Listed for sale at R6,250,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 21 listings in Hout Bay (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Affordability
R 61,353 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
21 similar listings
Medium similar-home inventory town-wide (Hout Bay)
Median time on market: 97 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Tarragona offers residents a tranquil coastal lifestyle with stunning mountain views and convenient access to Hout Bay's amenities, making it ideal for those seeking a peaceful yet connected community.
* Distances and amenities are approximate.