Despite a busy few years for the property market and very positive price growth, the West Coast remains one of the most affordable coastal areas.
This three bedroom, two bathroom home in Jakkalsfontein has a fireplace, wooden deck and courtyard. It is on the market for R5.95 million – click here to view.The close proximity to the Cape makes it prime property, yet there is still plenty to buy below R2.5 million and even below R1.5 million in some areas,” says Pierre Germishuys, MD for Seeff’s operations in the area.
He says visitors to the Cape who are still looking to invest in a holiday or weekend home, are still spoilt for choice here. The big attraction for the West Coast is that it is still fairly undeveloped with no real large-scale commercialisation, although it now has a regional mall and industry is growing around the economic centre, Vredenburg and Saldanha. Langebaan now also boasts two private schools, Longacres and a new Curro Private School.
The close proximity to Cape Town, only one to two hour’s drive, is a big drawcard for upcountry buyers looking for investment or second homes, Germishuys says, and the natural beauty is unparalleled with vast expanses of natural fynbos that line a beautiful coastline with white sandy beaches. It is a water sport haven up the coast with kite surfing and fishing among the best in the country.
This three bedroom, two bathroom home in Paternoster has a balcony, fireplace and under-floor heating. It is on the market for R1.9 million – click here to view.“Yzerfontein, Jakkalsfontein, Langebaan and Paternoster are especially popular with Cape buyers and holidaymakers looking for rental property with the holiday periods busy and generally sold out right now. The further up the coast you go, the cheaper it gets,” says Germishuys.
Langebaan is the main holiday village, and although luxury beach houses now range upwards of R5 million, there is still plenty below R2 million that is quite close to the beach. There is also a golf estate where you can still buy for R1.7 million to R2.7 million. Vacant land ranges from R400 000 to R800 000, but higher closer to the beach. Top end prices can now reach R17.5 million in Mykonos and Myburgh Park.
Germishuys says there is a golf course, shopping and retail centres, restaurants and the Mykonos Casino and the West Coast Mall is close by for major retail and restaurant brands.
Closer to Cape Town, is Yzerfontein with almost no commercialisation. Prices are a bit higher, most ranging from R1.9 million to R3.9 million and up to R9 million close to the beach. There is still land below R500 000 though.
This three bedroom, two bathroom home in Paternoster has underfloor heating, a patio and fireplace. It was recently on the market for R2.5 million.Jakkalsfontein now averages at R3.5 million to R6.5 million, but you get to live in an exclusive beach estate with a clubhouse, swimming pool and plenty of fynbos with roaming small game.
On the other side of the Langebaan Lagoon is Paternoster with its Fisherman-style architecture that is so popular. Prices now range from R2.5 million to R6.5 million on average.
Close by is St Helena Bay where upmarket beach houses range to R8 million, but there are affordable options for under R1 million. A newly built three bedroom house costs as little as R1.3 million and vacant land with sea views from R155 000.
Further up the coast is Elands Bay and Lamberts Bay, both offering excellent value, says Germishuys. Here, you can find a house close to the sea or with lovely views for under R2 million and beachfront houses start at just R3 million, almost unheard of.
Germishuys concludes by saying with the weak economic outlook, the focus will now be on market-related pricing. For buyers though, there is plenty on offer and it is a good time to buy.
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