Property experts give their views on property and life in Mouille Point, Atlantic Seaboard.
Who is buying property in the Mouille Point area?
Properties in Mouille Point appeal to a whole range of investors and owner-residents. Younger families enjoy the advantages of proximity to open spaces and green areas – safe spaces in which to raise a family. The “Platinum Mile” of Mouille Point is extremely conveniently positioned, allowing quick access to the CBD, and the world-renowned V&A Waterfront a short and scenic 10 minute walk away. Relatively uncongested with ample parking and a whole array of restaurants and delicatessens, the area has an “easy living” appeal. Astute investors are attracted to the strong and sustainable capital growth together with the high demand and equally high rental yields commanded by properties in the area.
Audrey Matthews: Property consultant, Ronnie Matthews Property
What attracts buyers to the area?
Escalating property prices have blurred some social, architectural and price distinctions between the Atlantic Seaboard suburbs. Over the past decade, prices of sectional title properties have risen by 151,6% in Mouille Point. The area is distinctive in that the space is smaller, cleaner, more organised and certainly more secure than adjacent areas. The ratepayers’ association operates like a well-oiled machine in that every owner subscribes to the association which manages, cleans, secures and cares for Mouille Point. Mouille Point’s fast-tracked appeal has been bolstered by investment in infrastructure and new property developments, city improvement projects and proximity to leisure and retail attractions, the central city and V&A Waterfront.
What types of properties are available and what can buyers expect to pay?
Mouille Point is popular as a lifestyle neighbourhood with an urban park, promenade, upmarket eateries and the V&A Waterfront all within walking distance. Currently, the entry price to live in this coveted neighbourhood is from R1m to over R3m for a studio/one-bedroom apartment. For a larger two-bedroom apartment, you can expect to pay R4,5m to over R15,5m. Apartments often have lovely views over the park and golf course towards Signal Hill and/or stunning sea views across the Atlantic Ocean as far as Robben Island. Currently in a brand-new development, there is a spacious three-bedroom double-volume apartment with a massive outdoor deck and private swimming pool, for R26m + VAT.
This article originally appeared in Neighbourhood, Sunday Times.
Take a phenomenal journey through the Atlantic Seaboard here: