In the area 1 - Muizenberg


A recently published brochure from Rawson Properties’ Muizenberg franchise, shows that this part of the Cape Peninsula can still offer homes at 2005 price levels, says the Muizenberg franchisee, Errol King.

No other area, he claims, is now offering quite such good value.

“This,” said King, “is an area in which grand Edwardian homes are found on the better view sites, many on the slopes of the mountain – but lower down in old Muizenberg, prices are still well below those of most southern suburbs, despite this being within commuting distance of the Cape Town CBD.”

Giving examples, King mentioned:

  • an almost new three bedroom duplex apartment in a security complex. This home has a fully fitted kitchen with granite tops, a garage and a parking bay. The price is R985,000, including all costs;
  • a single storey three bedroom house with an established garden priced at R1,195,000;
  • several two and three bedroom freehold homes, newly completed and, again, in a security village, at prices around R700,000;
  • a compact, modern duplex townhouse. This home has two bedrooms, an open plan kitchen cum living room and an automated garage. The price is only R695,000;
  • a number of new homes in a recently completed

Tuscan style development. All have two or three bedrooms, spacious living areas (and patios with pergolas) and mountain views. Single or double garages are included in the offer. Prices here are from R770,000 to R1,050,000.

These and other properties on his stock list, says King, would all make excellent investments - the buyer being able to cover 50 to 60% of a 90% bond from year one.

“We need to get the message across that this is the place to look if you are scaling down or getting onto the property owning ladder for the first time. With its vleis, mountains and beaches, this really is a very pleasant place in which to live and raise a family.”

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