Those who are possibly sceptical about the bullish reports emanating from the Noordhoek region regarding its price rises should, says Kim Mann, the Rawson Property Group’s co-franchisee for Fish Hoek and surrounding areas, look up the recent figures from the respected analysts, CMA.
These, says Mann, will show that in 2013 the average price for Noordhoek freehold property (there are no sectional title properties in this area) was R2,620,000, but this year it has risen to R2,944,000, a 12,4% increase.
“This very satisfactory rise in property values in Noordhoek was predicted by the Rawson Property Group Chairman, Bill Rawson, nearly two years ago when he advised those looking for capital appreciation to investigate the potential of properties south of Ou Kaapse Weg, said Mann.
Hilary Griffin, who, with Lizette Kaufman, is a Rawson Property Group’s agent for Noordhoek, who recently listed the factors which, she believes, are behind the rise in Noordhoek’s popularity and status. These are that:
· Noordhoek has a rural atmosphere with leafy lanes.
· Properties in the western higher section plots enjoy wonderful sea and mountain views. In general, says Griffin, plots in Noordhoek are some 35% larger than those elsewhere in the Cape Peninsula.
· Noordhoek offers a wonderful range of outdoor activities – hiking, surfing, swimming, riding, fishing and boating. Many of these, says Mann, are family sports and can be enjoyed by people of all age groups.
· Noordhoek has excellent schools, many within easy cycling distance.
· The area also has a fair amount of ‘affordable’ homes with entry level prices usually being below R2 million. The high average price these days, she says, does reflect price rises but there is still a number of inexpensive homes to be had at the lower end of the market.
· Noordhoek has very sophisticated retail and entertainment facilities, epitomized by such venues as the restaurant and wine tasting centre at Cape Point Vineyards, Noordhoek Farm Village and the Red Herring arts and crafts and restaurant complex. Noordhoek Farm Village, Griffin reminds us, is where chef Franck Dangereux runs a restaurant called Food Barn, while the local pub, “The Toad in the Village”, is owned and run by former Springbok Rugby player Bobby Skinstad.
· The lack of new development and the growing popularity of the area as well as its upmarket status, says Griffin, are likely to ensure that prices will continue to rise steadily.
“I do realize that this is the oldest and most clichéd advice in the property game, but nevertheless now is an excellent time to buy in this area as prices are now, by our estimation, rising fast and will continue to do so.”