Buying Property in Idyllic Hermanus

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31 Dec 2013

Properties in the 300 unit Hermanus Beach Club still represent some of the best value buys to be had on this entire section of the south coast of the Western Cape, says Peter Greyling, franchisee for the Rawson Property Group in Hermanus.

This four bedroom house in Hemel & Aarde in Hermanus is selling for R3.95 million. Click here to view.

Properties in the 300 unit Hermanus Beach Club still represent some of the best value buys to be had on this entire section of the south coast of the Western Cape, says Peter Greyling, franchisee for the Rawson Property Group in Hermanus.

Sited just over 2km out of town, the Hermanus Beach Club, can still offer two bedroom apartments from R550 000 (the last to go at R480 000 was recently sold) up to R1.7 million for a luxury three bedroom penthouse suite.

The average price of a three bedroom unit is around R750 000 and freestanding cottages in the complex can be priced from R1.2 million to R2.7 million for a fully equipped sea-facing unit.

The complex is about five minutes by car to the local harbour and numerous restaurants.

Alta Bester, the Rawson Property Group’s agent who has served this development for over 13 years, says that four factors have made the Hermanus Beach Club increasingly popular, and these are:

1. An active and very involved homeowners’ association has always ensured that the appearance and upkeep of both the units and the gardens is done thoroughly and competently - the entire complex is currently being completely repainted

2. Short-term rentals are achievable at high prices, for example, around R700 per day or around R4 000 per month for a simple two bedroom flat – out of holiday season

3. The Hermanus Beach Club is probably the most secure precinct in the entire Hermanus area as crime has been almost completely eliminated

4. The club has excellent communal facilities, including a clubhouse, a large swimming pool, a children’s park, a gym, and tennis and squash courts.

A three bedroom home in Voelklip Hermanus is priced at R3.750 million. Click here to view.

Bester notes that in recent years certain owners who have left the area have now changed their minds and have re-bought property again.

If you cannot buy at the Beach Club, Hermanus itself now offers quite exceptional value at all price levels, but particularly in the upper middle and upper brackets, according to Greyling.

He says they can show prospective buyers homes in the R2 million to R4 million range which are 30 to 50 percent lower priced than they were at the peak of the previous boom.

Furthermore, such homes are on average priced at half the level of similar quality homes in the central Cape Peninsula suburbs.

For example, Greyling says they have on their books a three bedroom (all en suite) single storey Fernkloof Estate house in an attractive Cape vernacular style selling for R2.95 million and a  Chanteclair home with six bedrooms, four bathrooms and three large reception rooms linking to a wraparound balcony with built-in braai.

The latter is priced again at R2.995 million while a Voëlklip home with four bedrooms, a study and four reception rooms is selling at R2.695 million.

Greyling says Voëlklip is one of the most prestigious areas in the entire Hermanus town.

In the sub-R2 million category Greyling says a Sandbaai home (R1.495 million), two Onrus homes (priced at R1.295 million and R1.495 million) and a three bedroom, two bathroom apartment in the Hermanus Beach Club priced at R800 000.

“Hermanus although a relatively small town has all the facilities of a big city as well as the advantage of being less than two hours’ drive from Cape Town.”

Greyling says the facilities include a big, recently upgraded provincial hospital, several private clinics and a very active local medical fraternity, several excellent retirement villages, big regional Woolworths, Pick n Pay, Checkers and Spar shopping chain stores, government and private schools (in the second category they now have one of the renowned Curro schools), a top rated 27 hole golf course, a small boat harbour, 20km of beaches, excellent fishing spots, mountain trails (some in the proclaimed Fernkloof Reserve) and a very low crime rate. 

Over the years, visitors to Hermanus all experienced the extreme traffic problems during the peak holiday periods.

That has all but disappeared after the main R43 provincial road into the town was doubled from Sandbaai to the Gateway Centre, completed in September this year.

“All these factors put together have ensured that Hermanus has been able to retain its status as a number one Cape Town getaway town,” says Greyling.

He urges potential buyers that, although the market is currently in his opinion way below value, there are definite signs that it is swinging back in favour of sellers.

Stock is becoming in short supply in some suburbs and he believes that prices will escalate by some 15 to 20 percent before the end of 2014, says Greyling.

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