The False Bay property market was again ahead of the industry in terms of sales volumes in 2007. House sales topped at R1,27billion – an increase of a impressive 15%. Fine & Country False Bay is currently marketing an extravagant double storey house in the area for R7,9million. The house was built nine years ago and is located on 2000m² in Brakkekloof Private Estate, Fish Hoek.


The property has spectacular mountain and sea views and boasts three bathrooms, five spacious bedrooms, all with patios and grand views. There are three spacious lounges and entertainment areas, both indoors and outdoors. Indoor areas are tiled throughout, and the large gourmet kitchen is granite-topped. There is domestic accommodation and ample garaging for four vehicles. The house also has a basement and studio. Outdoors, the property has a sparkling pool and clubhouse with Jacuzzi. The landscaped gardens and lawns add to the scenic beauty of this magnificent property. The house has an elevator which travels up to the first floor; a feature that takes luxury to new heights.


The property is fully secured and the estate is equipped with electric fencing and automatic gates. The estate is built around a 1.3 hectare vineyard with Cabernet and Merlot grapes which are harvested for the Cape Point Vineyards each year.


“Property values in the area have shown an increase of 14%, bringing the 2007 home price average to R1,54million,” says Fine & Country estate agent, Winston Fryer, who has been operating in the False Bay property market for nine years.


Entry level home prices start at around R750 000 and reach R1,1million in the avenue areas of Fish Hoek. Mountain-side properties fetch anywhere from R7,5million and houses close to the beach reach prices of R8million.


“This property is a sound investment for an entrepreneur, professional or for a large family because of its unique setting, security and the spacious nature of its accommodation,” comments Fryer.


Fryer concludes by saying that he believes that investing in False Bay property is a good move due to the appreciation in the area over the past year being ahead of the national market. This is expected to continue as the region is one of the most sought after locations, owing to its low crime rates, sandy beaches and Clovelly C.C golf course which is ranked in the top 10 golf courses in South Africa.

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