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In the current economic climate there are numerous property owners who are compelled to offload their property, often at a significantly reduced price in order to avoid foreclosure by the financial institutions - the so-called “Distress Sale”. The opportunity now exists to invest in property at prices well below market value.
Herewith a portfolio of “Distress Sale” properties:
SandPiper Village - St. Helena Bay
* North-West facing at the end of a quiet cul-de-sac abutting a Nature Reserve located 600 metres from the beach with views over the Atlantic - R189,000
All costs included in the purchase price.
Current Market Value: R320,000
Priced at R130,000 below market value.
View ListingID=613
Atlantic Waves Security Village – Laaiplek
* Large North-West facing corner stand of 781sqm located 300 metres from a prime beach and 1km from the Berg River Estuary - R195,000
Current Market Value: R329,000
Priced at R130,000 below market value.
View ListingID=699
Central St. Helena Bay - St. Helena Bay
* Large stand of 720sqm abuting a Nature Reserve with magnificent views of St. Helena Bay Harbour & the Atlantic - R199,000
Current Market Value: R360,000
Priced at R160,000 below market value.
View ListingID=670
Langebaan Country Golf Estate - Langebaan
* Prime stand of 795sqm overlooking the wide driving range - R259,000
Current Market Value : R500,000
Priced at R240,000 below market value.
View ListingID=514
Shelley Point – Britannia Bay
* The least expensive stand in Shelley Point located in the second row from the beach – R275,000
Current Market Value: R450,000
Priced at R170,000 below market value.
View ListingID=705
Sandy Point Beach Estate – St. Helena Bay
* Second Row North Facing stand with direct walkway access to beach via a boardwalk – R295,000
Current Market Value: R550,000
Priced at R250,000 below market value.
View ListingID=648
Blueberry Heights - St. Helena Bay
* Arguably one of the stands in St. Helena Bay with the best views – R295,000
Current Market Value: R500,000
Priced at R200,000 below market value
Britannica Heights – St. Helena Bay
* Large stand of 608sqm on marginal incline with magnificent uninterrupted Atlantic views – R325,000
Current Market Value: R550,000
Priced at R230,000 below market value.
View ListingID=561
Shelley Point – Britannia Bay
* Prime stand with municipal valuation of R700,000 on marginal incline with unobstructed views of the Atlantic over Stompneus Bay – R425,000
Current Market Value: R650,000
Priced at R220,000 below market value.
View ListingID=558
Cape St. Martin Private Nature Reserve - Britannia Bay
* One of the prime second row corner stands on the tip of the peninsula with 300 degree ocean views– R495,000
Current Market Value: R800,000
Priced at R300,000 below market value.
View ListingID=707
Duyker Eiland - Britannia Bay
* Large North-West facing beachfront stand of 1536sqm with 30m beach frontage – R1 295,000
Current Market Value : R1 800,000
Priced at R500,000 below market value
View ListingID=486
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