Hout Bay and Llandudno now rank with the Atlantic Seaboard as some of the most sought-after short-term rental areas with holiday makers and visitors prepared to pay from R2,000 to R95,000 per day for a magnificent Llandudno house.
Steven Holvec of Seeff SHORTSTAY says the areas offer opportunities for property owners and landlords to capitalise and earn excellent returns with stays ranging from a day to three months and more.
The seaside location and close proximity to the Atlantic Seaboard and winelands make Hout Bay and Llandudno prime hot spots, he says. Llandudno is ideal for upper income visitors who want exclusivity. It has a top ranked Blue Flag beach and with no commercial offers privacy and security.
Properties on offer are mostly houses ranging from around R6,000 to R95,000 per day over the high season for a top end boutique hotel styled home with six magnificent bedroom suites, luxurious living areas, top class facilities, a stunning pool deck and views as far as the eye can see.
For neighbouring Hout Bay, the boat-lined Harbour/Mariner’s Wharf, World of Birds and Snoekies are some of the most visited landmarks in the Cape, adding to the demand, says Holvec. Equestrian facilities are another plus factor.
Hout Bay’s infrastructure is excellent with retail shops, eateries, hot hangouts and fine dining such as the top ranked Kitima restaurant. The beach facilities are excellent and is close to the Atlantic Seaboard and Southern Suburbs.
For the discerning visitor, there is an added menu of additional services to choose from such as a concierge and cleaning service and more. That makes this type of rental as attractive as a boutique hotel, hence the rise in this sector of the market, says Holvec.
On the Hout Bay side, you can rent a four-bedroomed home from as little as R2,500 per day ranging to about R20,000 at the top end. At R8,000/day over the high season, you get a luxury house with stunning views, designer interiors, a pool, Jacuzzi and outdoor entertainment terrace with a fridge and braai facilities.
Holvec says the short-term rental market now even extends to the Southern Suburbs’ too. Areas such as Constantia and Newlands are often preferred by those who want to be close to the Cape Winelands. The close proximity to the airport and CBD is an added plus here.
The demand is now varied, anything from apartments to garden cottages and houses. Rates too are varied and depend on the area, property and time of year, says Holvec. The best advice is to consult a short term specialists. Who knows, you could be earning anything from R2,000 to R20,000/per day to as much as R95,000 per day during the high season.