21 Jun 2013
It has long been popular as a weekend retreat for Capetonians, and is viewed as an ideal place to retire to with its scenic beauty and slow pace of life. Pam Golding Properties (PGP) reports that the town’s residential property has seen a surge of interest from upcountry buyers during the first few months of 2013.
PGP agent Douglas Legg says many recent buyers have been prompted to buy homes now, for use in only three to five years’ time. “There is definitely a sense of anticipation that prices will begin increasing imminently and indeed recent sales data seems to support that," he says. The average price of homes has been climbing slowly and has grown from around R1.4 million this time last year (mid-2012) to a current level of around R1.6 million. Legg says several of their buyers have been happy to pay cash now to secure homes at a good price, even if they don’t intend relocating until later.
Legg says residential buyers tend to fall into three categories in Greyton. The first is retirees seeking homes in the popular secure retirement development “The Country Village”, where a two or three bedroom home on 400 square metres can cost between R1.2 million and R1.8 million. The second category is permanent residents seeking a family home away from the ‘rat-race’, who favour larger homes on stands of 1 500 to 3 000 square metres, typically priced between R3 million and R5 million. He says the third category has seen the most interest this year and includes second-home buyers wanting cottages and houses for weekend and holiday use. Eight properties have been sold in this category (across all agencies) in the month of May 2013 alone. The most sought-after profile is a two to three bedroom home on a plot of around 900 square metres, which would typically sell for R1.5 million to R2 million.
There is also notable demand for agricultural property with virtually no stock available in the market at present.
Besides the mountain scenery, Greyton’s appeal includes its relaxed country lifestyle and warm yet cosmopolitan atmosphere. The healthy outdoor lifestyle offers ample opportunities for hiking, bird watching and mountain biking, while a thriving artistic community finds inspiration in the town’s huge oak trees, abundant rose gardens and quaint Cape vernacular architecture – the latter fiercely protected by the local Aesthetics Committee. Properties include a mix of character-filled small cottages, modern country houses and restored historic homes.
Among the most notable properties currently on the market is a home in Vigne Lane. The family home is designed in two distinct sections, so that family living areas are kept private, while the other side of the house offers a warm open-plan space for entertaining guests. The home has three bedrooms, two of them en suite and luxury features include marble kitchen counter-tops, underfloor heating and large windows to maximise the mountain views. The airy lounge and dining area has a fireplace and flows to a large veranda ideal for entertaining al fresco in summer. This overlooks a garden, which is fully irrigated via a computerised system and a small dam. The home has an automated double garage and alarm system, and occupies a stand totalling over 1 600 square metres. The property is on the market exclusively through PGP, priced at R3.45 million.
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