Residential property investors looking for a sure-fire long-term prospect in a secure precinct should now be investigating what Simon’s Town can offer them, says Bill Rawson, Chairman of the Rawson Property Group.
“The average value of Simon’s Town homes right now,” says Rawson, “is R2, 6 million. This seems high to some people when they compare Simon’s Town prices with those of Fish Hoek or Hout Bay (which are also coastal suburbs). However, I predict that within five years, big price rises will be seen here as Simon’s Town is a precinct whose time has come.”
Big advantages of the village and its surrounding beach resorts, says Rawson, are that it remains primarily a holiday/retirement area where relatively few people commute up the line – although this could change in the future. In addition, he says, it’s warm water and steady winds have resulted in it having flourishing yachting, dinghy sailing, kite surfing, diving, kayaking, and bathing facilities (the False Bay Yacht Club is one of the biggest in South Africa) while the mountain walks are far less crowded and in better condition than those on Table Mountain.
The precinct, says Rawson, can offer homes from R875, 000 to R20 million and those with lower budgets should take note that many of the older lower priced homes, priced around R1 million, have great charm.
In addition to these benefits, says Rawson, Simon’s Town has the huge advantage of being a very low crime area.
What sets the seal on Simon’s Town’s popularity, adds Rawson, is the easy access to the suburban rail service to the city. This is a huge benefit to some of the residents, he said, and it influences the decision of many potential buyers who plan to commute to the city from home.
