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Hout Bay – Private Estate Investment

Hout Bay House Overlooking Beach

Asking price : 5.5 million ZAR.

Private Estate living with four ensuite bedrooms, double volume open plan space and a large deck with small plunge pool. Distant views of the bay and 360 degree views of the surrounding mountains add to this magical location.

These clients main objective was to buy a home they could eventually use for themselves for extended periods of time, but which would have very strong appeal for families looking to rent.

With strong demand for private estate property in Cape Town, particularly amongst non-locals, Space had to pull on an expansive range of contacts to source this beautiful home in Kenrock Estate. Ensuring that the client was buying a home which would be in strong demand amongst tenants meant that the private estate route was crucial.

Rental property here demands a monthly price tag in excess of 25,000 per month so the yield would be relatively very good. The house feel modern with double volume spaces and floor to ceiling sliding doors opening out on the a large entertainment deck with a small plunge pool. The views all around are magnificent. Space secured a discount of 7.5% on the asking price achieving a purchase price that was well below the upper limit of the clients budget of 6 million ZAR.

Hout Bay Home Detail 1 - relocation to  Cape Town Hout Bay Home Detail 2 - relocation to  Cape Town Hout Bay Home Detail 3 - relocation to  Cape Town Hout Bay Home Detail 4 - relocation to  Cape Town

 

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"As far as we are concerned Darren and Sue make the ideal team. From our initial discussions with Darren about our requirements which were not very specific to say the least - to Sues help in getting tenants into the house, everything was remarkably smooth. We would thoroughly recommend the services of SPACE, who made what could have been a very difficult process from 6000 miles away, a stress free experience. "

David Cryer and Stephanie Halford, U.K.

 

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