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Strand Still Offering Value for Money
Category Property News
The Western Cape property market has continued to be the obvious frontrunner in the country, with the house prices growing at a much stronger rate than any other province during 2016. As semigration buyers flock to this region they boost the demand for property, especially in coastal areas. Property investors in the Mother City have been seeing the residential market registering double-digit returns, in particular in properties along the Atlantic Seaboard, where prices persistently exceeds the market’s expectations.
Although prices have been soaring above some buyers’ means, there are still a few obtainable options for those who wish to experience Cape Town living at a reduced price, in adjacent towns. One of these places, receiving considerable attention from investors and buyers alike, is the seaside village of Strand. Being one of a handful of places, where it is still viable to buy a beachfront property or a family home at a fraction of the price, in comparison to other areas, Strand properties are definitely an affordable choice.
Properties in Strand have been listed at varying prices, but still the average cost of a home in this area is vastly different to the neighbouring towns of Gordons Bay and Somerset West, where prices are between 160% to nearly 400% higher.
Bordering False Bay and at the base of the Hottentots Holland mountains, Strand is a mere 20 minute drive from Cape Town International Airport and Stellenbosch and approximately 50km away from Cape Town CBD – making the commute to the city an easy one. This charming village offers residents a white sandy Blue Flag beach with a renovated promenade, along which many top-notch eateries and outstanding apartment blocks. World class shopping malls and retail centres, highly acclaimed public and private schools, fantastic a medical facilities – Strand has the best of both worlds on offer and buyers can still expect very reasonable house prices.
Lew Geffen Sotheby’s International Realty offers a diversity of property solutions in the greater Strand area, from entry-level apartments, freehold family homes and even super luxury residences - there is undeniably something for everyone in the suburb.
Currently on the market is a great investment opportunity, a spacious 3 bedroom beachfront apartment with gorgeous views of the mountain and ocean, listed exclusively at R 3 500 000. This immaculate apartment offers an open plan kitchen, lounge and dining area and a balcony with breath-taking views, all within close distance of Hermanus where you can whale watch or shark dive, the Winelands and pristine golf courses. This sea facing apartment is a once in a lifetime investment opportunity.
Also on offer from Lew Geffen Sotheby’s is a lovely 4 bedroom family home, listed at R2 600 000. This wonderful spacious property is in walking distance of the beach and amenities, and has a lot to offer including; a self-contained flatlet, built in braai and double carport. An added bonus of this property is approved plans for a further 3 bedroom house on the property.
While Strand is usually home to an older age group, it is becoming popular among a broad range of buyers, with investors under the age of 35 increasing almost twofold in the past two years. This village is an appealing choice for young families looking for a calmer environment in close proximity to exceptional schools, state-of-the-art hospitals, sporting facilities and premium shopping and entertainment options – all within close range. The property market in Strand is predicted to grow in popularity among investors and now is the ideal time to get a slice of the pie.
Author: Lew Geffen Sotheby's International Realty