Boom time on the West Coast

LOCATED less than an hour’s drive from the city and airport, the West Coast village of Langebaan remains a favourite holiday and weekend getaway for holiday makers from all over the country.

The village has good basic infrastructure, a golf course and small casino, with shopping malls such as the nearby West Coast Mall. Yet it remains a tranquil escape and respite from the city.

Following a three-year period of subdued demand for properties in the area, Seeff Langebaan agent Jaco Coetzee says things are looking up this year. Most notably, vacant plots are selling again, both to individual buyers who plan on building a holiday home or relocating there and to speculation builders.

The agent has already concluded 12 plot sales since the start of the year, most with sea views and ranging in price from R500000 to R600000. Most buyers plan to build.

“One of the difficulties that we have faced in the market over the past few years, has been overpricing. Many sellers had bought at the height of the market and were looking to offload their homes, largely due to the holding costs, but it has taken some time to get sellers to accept what buyers are prepared to pay,” Coetzee says.

“The result is that there is now stock on the market that is offering exceptional value for buyers looking for a holiday home, with prices that are almost unmatched for such a prime coastal location.”

Most properties are close to, or a short distance from the stunning beach and lagoon area, he says. Apartment prices start at around R450000 while a quaint three- bedroomed, white-washed fisherman-style holiday cottage in Skiathos is on offer for R770000. A large, four-bedroomed home in a security estate is on offer for R1.97-million and a large, double- storey home with a white-washed exterior and blue shutters reminiscent of the Greek Isles is going for R2.19-million.

Vacant plots on the Langebaan Golf Estate are now priced around R440000 for 898m² while sea-view plots of around 925m² are on offer for R450000. A small holding plot with sea views is on the market for R750000, which is unbeatable value, Coetzee says.

Sea-view plots are now selling for between R450000 and R1.57-million for a beach-front plot located on the rocks. Plots in the Gary Player designed Langebaan Golf Estate are selling for as low as R150000. A sea- view small holding of around 2ha, is on offer for R685000.

At the top end, buyers with a bigger budget looking to acquire a stunning seaside home, could look at a modern, architectural home situated literally on the rocks that overlooks the yacht-lined bay for R7.95-million.

The design of this 420m² residence is ultra-contemporary with strong angles and stone-work feature walls as well as large glass windows and doors that offer panoramic sea views throughout. It is built over three levels with large sundecks.

A private lift connects all the floors. The living areas, located on the middle level, include a lounge with a wood-burning fireplace, dining room and large open-plan kitchen. Glass doors open onto a large terrace with a lounge and bar area and braai facilities that overlooks a rim-flow swimming pool and the ocean.

The home offers four bedrooms with en-suite bathrooms. Two of the suites are on the top floor and two on the lower level. Extras are a study, huge wine cellar with oak floors and an entertainment area. There is under-floor heating throughout.

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