Plett Property December 2010

SEASON'S GREETINGS

We wish you and your family a festive season and all the best for the new year.

MARKET WARMER IN 2010

2010 saw a substantial improvement in property sales in Plett, but this was off a low base in 2009. Sales are improving, but prices are still under serious pressure. 

 

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BRACKENRIDGE PRIVATE ESTATE PROPERTY REVIEW

Approximately 17% of the total number of sales in Plettenberg Bay in 2009 occurred in Brackenridge Private Residential Estate, making it one of the most popular suburbs in the area. The highest price registered in Brackenridge to date was R6, 820, 175 in March 2010 for a house on Watsonia Heights. Current asking prices range from R325, 000 to R2, 85m for vacant land, and R2, 8m to R10, 68m for luxury homes. An oversupply of vacant land in Plett, together with a number of auctions over the past few years, put downward pressure on prices of vacant land. In contrast, houses in the estate have held their value. Investors that purchased land at these lower prices will be smiling. For the full article, click here.

Property of the month:

 

Thulana Hill:  Guaranteed R8,000 Rental Income for Two Years*

If you prefer not to receive the rental income, the full value (R192,000) of the rental income may be subtracted from the asking price. 24 hour security, swimming pool, luxury finishes, large patios, and excellent sea views. 5 minute easy access to all amenities, attractions and beaches. Compare R/m² with other complexes; this is the best value for money on the Garden Route. Spacious 2, 3 and 4 bedroom units, with a wide variety of layouts and views to choose from. Look no further.
From R1,290,000 for 3 bedroom, 2 bathroom units
Call Hanneke at 072 398 6926 or  hs.thulanahill@vodamail.co.za
*Terms and conditions apply.
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Currently on the market:


7 Bedroom Villa on Robberg Beach
Offers on R 28 000 000


     Old Plett One in 60 Year Chance     Offers on R 13 900 000


Vineyard, Views + Pool = Lifestyle
Offers on R 5 500 000


Riverfront in the River Club
Offers on R 3 500 000


14 Hectare Indigenous Forest
Offers on R3 500 000


Privacy Priced Right, Pool & View
Offers on R 2 600 000


Idylic Retreat in The Crags: Must See
Offers on R 2 480 000


3 Bedroom Home Close to Beach
Offers on R 1 450 000


Centrally Located Starter Home
Offers on R 1 100 000

For more property visit: www.plettenbergbay.com

Quote for the day:

"The meek shall inherit the earth, but not its mineral rights."     ~   J Paul Getty                               

Property Consultants: