Developments and renovations have pushed house price growth in Green Point, where potential buyers may decide on choices from apartments to freehold homes on larger stands
Green Point is a vibrant urban area bursting with shops, restaurants, delis and bars, yet touching cheeks with open-air destinations such as its promenade running alongside the Atlantic Ocean and the ubiquitous park – a little piece of paradise.
Within walking distance of the CBD and V&A Waterfront, properties range from quaint Victorian-styled cottages to modern apartments and, in the Upper Green Point area, larger properties boasting panoramic views.
It is a popular residential area for young professionals and has seen several apartment developments, say sectional title agents for Seeff Atlantic Seaboard, Bryan Ginsburg and Hilary Biccari.
Built for the 2010 Soccer World Cup, the Cape Town Stadium is a lonely landmark which hosts events such as Sevens Rugby, soccer clashes and music concerts.
The Green Point Urban Park is perfect for a picnic on the lawns, cycling on the bicycle lanes and a visit to the Biodiversity Garden with 25000 indigenous plants, trees, shrubs, bulbs and groundcovers.
Also read: Love and laughter
Almost 80% of all properties in the area are sectional title.
Latest Propstats data shows freehold houses have sold for between R8million and R14m this year, and a sale above R20m was recorded last year.
“Although price growth has flattened out since early 2017, the area saw some of its best capital value growth in the past five years, due mainly to development and new and renovated apartment blocks making an appearance,” says Biccari.
Developments freshly completed include The Warwick, The Beacon, Romney One, Chelsea On Main, The Chelsea and The Richmond.
Based on recent sales, apartments have sold on average for about R5.1m in Chelsea On Main, with a highest price of R13m. The Warwick achieved an average price of R4.3m and a highest price of more than R12m.
Apartment prices range from about R35000/m², and with views, security, renovations and parking, can sell for an average R45000-R55000/m².
Rental agents Barbra-Ann Briner and Vivien Adler say rentals begin at about R25000 a month for a two-bedroom apartment, R35000 for three beds, and freehold houses upwards of R30000 a month.
Manuela Candido’s places of interest in Green Point
You can go to Woolies at Portside (0214302000), where the tellers know you personally. There is great coffee and a lovely counter to sit at and work and watch the passing parade. Giovanni’s (0214346893) is an institution; phone and they’ll have your order ready. Who needs to cook for a dinner party when you can get their special of the day? Sometimes it’s fillet in a creamy mushroom and black peppercorn sauce.
2 Eat & drink
Jason Bakery (0214330538) is now in the neighbourhood for croissants, coffee and those decadent doughssants. Bootleggers (0212016906) has opened with great service. Mano’s (0214341090) is a staple for the best prego rolls, lamb chops and limone chicken. The great Hudson’s (0214331496) is on the strip. The Butcher Man has the best organic chops, sausages, fillet and bones for broth, and does sit-down steak rolls, boerie rolls and burgers. 0214341111.
There are many secret places, such as Tea In The Park (Green Point Park, 0609976153). The park is great for picnics or yoga, or open-air gym.
4 Secret spot
Out Of This World, in a beautiful old house with artefacts on sale, has a coffee shop and music at weekends. 0214343540.
Metropolitan Golf Club (0214306011) has a function room and bar if you’re a member, or signed-in. The Hellenic Club (0214332374) has a six-a-side soccer field, and the calamari makes you feel like you’re on a Greek island.