Green Point is a suburb of Cape Town located at the water’s edge. Green Point was established ages ago and developed as a tourist haven for the well-to-do property investors of yesteryear.
In the middle 2000’s the community initiated a program to restore the suburbs name again and they have been having success as tourists are once again seeking to spend holidays in this idyllic coastal haven. It has a lot to offer for tourists who love the sea and the idea of being at the beachfront.
Property values were not impacted as negatively as perceived as it was more a situation of unwanted crime that needed to be dealt with in the city bowl, stretching from there to Three Anchor Bay.
It was a slow process of eradicating the negative elements, and thankfully the Cape Metro Police got involved. So the region is once again sought after as a property hot spot on the holiday destination list.
Property values are driven by demand which is high comparing the same property to a similar Gauteng property, but then there are sea views which Gauteng does not have. Buy-to-let investors are always on the lookout for apartments at the water’s edge and the income from letting is stable. Rental income in the in-season periods can be as high as R800.00 per day for an apartment in Green Point.
The suburb is well established for permanent residents with schools and infrastructure in place.
Schools in close proximity to Green Point are Bishops School, Boston House College, Cape Town High School and CBC St John’s College Parklands.
The major benefit of property in Green Point is the tourist attractions. These include The V&A Waterfront, Wine Farms and other tourist suburbs like Simon’s Town, Hout Bay and Camps Bay.
Take a tour of the properties on offer in Green Point via the MyRoof website.