Feb
2016
Three Anchor Bay is situated at the Atlantic Seaboard in Cape Town. Early pictures of the region depict a much less populated beach front with Cape Dutch architecture being prevalent. As the number of settlers increased so did the demand for housing in the Cape region and more so the Waterfront region. This was to accommodate the seafaring men, families and children along with harbor employees.
Three Anchor Bay, Green Point and Sea Point were the haven of wealthy property investors in recent years, and due to a move away from central business districts this section of the beach front lost part of the attraction.
Three Anchor Bay is flanked by Signal Hill in the background, High Level Road, Rockland Road, Hill Road and the beach front. High rise apartment building catered mostly for tourist with a fair number of permanent residents too.
In recent years residents have established various committees to put Three Anchor Bay, Sea Point and Green Point back in the spotlight with property developers and owners, ridding the area of crime and the negative reputation.
The prospects in Three Anchor Bay seem to be challenging as the most popular properties are the period Cape Dutch architecture homes, offering Do-It-Yourself investors the opportunity to restore the homes to former glory with their bay windowed sea view rooms, pressed high ceilings and wooden floors. The apartment buildings are ideal buy-to-let investments with an all year tourist base seeking accommodation in Three Anchor Bay.
Even by what is deemed a depressed market Three Anchor Bay is for the more wealthy investors as prices are from the low R2 000 000 to way above R5 000 000, depending on type of property, location and size.
Take a tour of the properties on offer in Three Anchor Bay via the MyRoof website.
