As one of the neighbourhoods with the highest number of millionaires in the country, the upmarket Bakoven boasts not only incredible properties but also boasts breathtaking vistas of the surrounding landscape.
It is hard to believe but Bakoven, a hamlet at the tail end of Camps Bay, once housed working and middle-class families but now contains some of the richest real estate in South Africa.
Often called Camps Bay’s little sister, Bakoven has the unique advantage of being close enough to all the hustle and bustle on offer in the hotspots situated in its glitzy neighbour while still maintaining a charming village feel.
Residents are very passionate about keeping their beach as private as possible, while the boulders dotted along the white sandy beach keep away most of the wind - making this the perfect setting for sundowners during the warmer months.
While key factors such as Bakoven’s location and proximity to popular amenities and the CBD have played a major role in its rejuvenation, a significant driving force has been the suburb’s exclusivity and very limited investment opportunities.
Savvy buyers who can afford to buy in Bakoven are not only investing in one of the most stable and lucrative property markets in South Africa, they are also likely to realise substantial short-term returns from a rental income which is way above the inflation rate.
Front row properties in Bakoven and Glen Beach come at a premium, as they are located directly on the water’s edge with magnificent ocean views and direct beach access.
