Beachfront flat with “whale-watching” balcony goes on sale for R750 000

Affordable beachfront properties are scarce. Whenever an affordable flat or seaside home hits the market, it sells almost instantly.

But buyers who are eager to live out their coastal dream could be fortunate enough to get a R750 000 beachfront flat in Margate for only R750 000.

This listing isn’t even a day old.

Fully furnished Margate flat hits the market

This listing hit the market on 12 November.

The 87-square-metre flat, right on the beachfront, is selling for 16.7% below Margate’s average sectional title price.

Another benefit is that the flat is being sold fully furnished.

According to the Prime Property listing, buyers will get 2 bedrooms, 1 bathroom and 1 parking bay. But they’ll also get a “Whale-Watching balcony.”

The balcony looks out over Margate’s azure blue sea and has unparalleled views of Southern Right and Humpback whale migration taking place in the region every year between June and December.

Beyond the R750 000 asking price, buyers will pay R950 a month in municipal rates and R3 800 in levies.

The flat sleeps up to 5, depending on its configuration, with a spacious balcony perfect for entertaining.

Then, in the building, residents benefit from a communal laundry facility, braai and children’s play area.

The flat is also located within walking distance of Margate Beach’s hustle and bustle, including the famous beachfront Wimpy and Grove Restaurant and Beach Bar.

Another 3-bedroom flat on Finnis Road by RE/MAX is on the market for R1.2 million.

Moving to Margate

Property prices across Margate have been rising for years.

The average sale price in the South Coast town has risen 10.6% over the last two years, peaking at R995 000 this year.

Margate has been calling buyers, with four blue flag beaches nearby: Margate, Ramsgate, Hibberdene, and Marina.

The holiday town is home to 71 760 residents, but that increases every year during peak season, when thousands of South Africans descend on the town to soak up the sun.

Many investors have been buying in Margate because of tourism. It’s the perfect spot to explore the best of KwaZulu-Natal’s South Coast.

Bookings typically peak in December, when hosts on Finnis Road can make up to R3 000 a night.