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Nestled between Sea Point and Green Point, Three Anchor Bay is one of the most desirable residential precincts on the Atlantic Seaboard, thanks to its proximity to the CBD and the V&A Waterfront and many recreational opportunities.
The shoreline was a key defensive position in 17th century Cape Town as it was so vulnerable to invaders, but it was the placement of three disused anchors connected by a chain across the small harbour on decommissioning of its cannon battery which gave the site its modern name.
“I enjoy the eclectic mix of delis, hair salons, spas and boutiques and a variety of restaurants right on my doorstep,” says resident Alison Robb. “I can begin my morning with a workout at the gym and end my working day with a brisk walk along the promenade, enjoying the sensational sunsets.”
“Three Anchor Bay is so convenient: travelling to the CBD or Clifton beaches is a cinch, the V&A Waterfront is also around the corner and you can take the efficient MyCiTi bus service. For lifestyle and convenience, this area offers it all.”
Median property prices in Three Anchor Bay have seen a steady increase from 2009, peaking in 2018 at R7.9 million. But this figure has dropped significantly this year. Uncertainty in the lead-up to the elections contributed to a soft residential market.
There is, however, demand for well-priced sectional title units, particularly two-bedroomed flats between R2.8m and R3.8m, says Philip Gullan of Dogon Group Properties. Most long-term owners are 50 and older, but lately buyers include a disproportionate swing to the 18 to 49 age band.
“Gauteng purchasers prefer a sea view, for which one pays a premium. Mountain views are gorgeous during the day and provide a lovely panorama of the twinkling lights at night.”
Tall blocks in Three Anchor Bay. Picture: Kim Stone
Some buyers prefer older established, but smaller blocks which are quiet and allow long-term letting. Buyers must factor in levies and rates, which impact on their rental return, if they are buying for investment. There will always be a demand for those wishing to take advantage of the lucrative rental market.
“The Atlantic seaboard is one of the most densely populated residential nodes in Cape Town. Sea views, access to the CBD and recreational opportunities along with excellent public services will keep it desirable in the eyes of residents and investors alike.”
Alison Robb’s favourite things to do
I can begin a morning with a workout at the gym and end my working day with a brisk walk along the promenade, enjoying the sensational sunsets. - Resident Alison Robb
Picture: Supplied
1 Eat
Under the watchful eyes of owner/operator husband and wife team – and they’re trained chefs – Gabi and Kyle Knight, The Shop has become a breakfast or lunch favourite for many after a stroll on the promenade. 0837825240
2 Drink
Pack a picnic basket loaded with delicious goodies from nearby Giovanni’s, a bottle of your favourite refreshment and find a sunny spot on the grass to watch the sun set over the Atlantic Ocean. Turn 180˚ and take in the magnificent sights of Signal Hill.
3 Outdoors
Kayaking is a great way to stay in shape. Picture: Grant Kenchington
You can’t look at the ocean and not take advantage of the opportunities. Kaskazi Kayaks offer two-hour ocean paddling experiences, no experience needed and no minimum numbers required. Paddlers can be as young as seven years old (0833461146). For those looking to get their bodies in peak condition for summer, the outdoor gym in Three Anchor Bay provides all the equipment, and it’s free.
4 Shop
If you’re looking for something typically African, Gift House Curios is a spot to check out. With more than 30 years in business they are open seven days a week. Call to check hours (0214346224).
Not strictly Three Anchor Bay, the V&A Waterfront is South Africa’s busiest destination. If you are looking for anything you should find it there (0214087600).