Plett Property December 2011


Renovations to the National Sea Rescue Institute building on Central Beach have just been finished. The construcion was generously sponsored by Italtile. Station commander Deon Truter said: "We appreciate the generous contribution made by Italtile in memory of their loss in the recent plane crash. We are now better equipped to serve people in need."


Property of the month:


Ground floor apartment close to the beach

This ground floor apartment offers 2 bedrooms and 1 bathroom. The living area has glass doors which open onto the patio with its own private garden and one parking bay.  The apartments are secured by a palisade fence.  Kennery Isle is close to Robberg Beach and a walk away from the shul, shops and restaurants.  The famous Beacon Island hotel is also close by. The town of Plettenberg Bay  has a moderate climate and is a popular holiday destination; making this apartment a great investment as it rents very well in the summer.   The furniture is an option to purchase.
Call Fiona at 082 415 3486000
Offers on R850,000

Currently on the market:

Beachy Head Dr. w/great sea views
Offers on R 15 000 000

Designer 4 Bdrm Panoramic Sea View
Offers on R 8 500 000

2 Bdrm 2 Bthrm River Club Home
Offers on R 1 100 000

Spacious Secure 4 bdrm Sea View
Offers on R 5 300 000

New upmarket 3 Bed Thulana Hill Apt.
From R 1 098 000 (incl. VAT)

Central 3 bedroom Sea View Apt. Offers on R 1 300 000

Sea view 3 Bed Brackenridge Home
Offers on R 4 900 000

3 bedroom smallholding in Harkerville
Offers on R 2 500 000

10 hectares on Keurbooms Beach
Offers on R 7 100 000

For more property visit:

Property Statistics:


No properties were sold in the open market in Wittedrift in 2010 or 2011 according to current deeds office records. It is a small market where there are usually only a few houses for sale, but it is a surprise that there have been no sales over two years.
Five properties transferred in Wittedrift in 2009, for an average selling price of R840, 000. That was a decrease of approximately 11% from the peak of the market in 2007.
            The highest price to date is R1, 64 million for a house in Hoof Road in 2008. The highest sale in 2009 was R1, 3 million for a home in Heuwel Street. Only six properties have sold for over R1m, the first of which occurred in 2006. This is roughly a quarter of the properties sold. In other words, only the bigger, better quality homes will sell for over R1m.
There are currently at least 3 properties for sale in Wittedrift. Asking prices start from R850, 000 for a 3 bedroom home.
            Wittedrift appears to be following national trends in terms of growth and decline. Wittedrift has historically been a more affordable “satellite suburb” of Plettenberg Bay.




Quote for the day:

"Labour: One of the processes by which A acquires property of B." ~ Ambrose Bierce

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