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Sea Point

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Where is Sea Point situated?

Sea Point is a suburb located in Cape Town and is widely considered to play host to some of the most sought after and plush properties in the city.

This densely populated Cape Town suburb is serenely nestled away between Signal Hill and the breathtakingly beautiful Atlantic Ocean. Part of what makes this small suburb so popular is its close proximity to Cape Town’s bustling CBD.

Investment by both local and foreign investors has transformed this strip of land into one of Cape Town’s most prized assets.

Take a look at our selection of Sea Point Properties for sale HERE.

What is the property market in Sea Point made up of?

The stock composition of Sea Point is one you would have come to expect from such a densely populated urban suburb.

The property landscape is dominated by sectional title real estate, mainly flats and apartments, with nearly 90% of the total available properties being held in sectional schemes.

The remaining market is made up of freehold properties.

What do properties in Sea Point sell for?

Freehold Sea Point Homes

The average price of a freehold property in Sea Point based on recent Lightstone reports is around R 1, 700 000 – R2 000 000, well above the national average. These above average real estate prices are largely down to the fact that this area of Cape Town is widely known for its affluence.

Freehold property prices have been steadily on the rise over the last few years indicating that Sea Point may be a good place to invest.

Sea Point Flats and Apartments

Sea Point is probably most famous for its high-rise blocks of luxury apartments, and it is in these apartments’ average prices where we begin to see just how affluent a suburb Sea Point is.

In 2013 the average price of a sectional title unit in the area was just below R 3, 000 000.

What are the major attractions and what makes the suburb unique?

One of Sea Point’s most iconic landmarks is the Sea Point Pavillion Swimming Pool. This fantastic swimming complex plays host to a number of fully chlorinated salt water swimming pools. The complex consists of a diving pool, an Olympic sized pool as well as two children’s pools. The complex is open on a daily basis from 09:00 AM – 17:00 PM.

Aside from the swimming complex, Sea Point offers residents all of the benefits and charms of upper class urban living. There are a number of hugely popular nightclubs as well as a variety of eateries ranging from artisan cafe’s to fine dining establishments.

Sea Point is also a great access point to other parts of the city, especially the CBD. Nearly every part of Cape Town is easily accessible from Sea Point allowing residents to explore the rest of the city’s attractions.

Sea Point Beach is also a wonderful area to spend the day either relaxing on the beach or making use of the facilities located along the promenade.

Dubbed as the New York of beautiful Cape Town, Sea Point is a heavily populated suburb of Cape Town known for its spectacular beachfront properties, variety of pubs, music clubs, coffee shops and restaurants.

This densely populated Cape Town suburb is serenely nestled away between Signal Hill and the breathtakingly beautiful Atlantic Ocean. Part of what makes this small suburb so popular is its close proximity to Cape Town’s bustling CBD.

Investment by both local and foreign investors has transformed this strip of land into one of Cape Town’s most prized assets.

Sea Point is probably most famous for its high-rise blocks of luxury apartments, and it is in these apartments’ average prices where we begin to see just how affluent a suburb Sea Point has become over the years. 

Author: Barry Davies

Submitted 24 Nov 16 / Views 249