12 Sep 2012
This is according to Pam Golding Properties (PGP) which reports a steady upturn in sales over the course of 2012, with interest coming mainly from young families and semi-retired buyers.
The well-preserved Victorian village was declared a conservation area in 1995, meaning that its unique character is protected from unchecked development. Natural boundaries including the Kleine River and the surrounding Akkedisberg mountains also prevent its expansion beyond the current town limits.
PGP agent Jill Smith, says the result is that buyers can purchase with complete assurance that their views will be protected and their small-town lifestyle preserved.
She says this is a highly appealing factor for buyers who are moving to the town specifically for lifestyle reasons.
The relaxed pace of life, warm and friendly village atmosphere and low crime rate are key factors in most of our clients’ purchasing decisions, she explains. "They want their children to be able to grow up with more freedom than they have in the big city, to ride their bicycles in the street and play on the village green in safety.”
She says a number of their semi-retired buyers are purchasing homes for use as weekend and holiday getaways, to which they will later retire on a permanent basis.
“For them, the fact that the magnificent surroundings will never be marred by traffic congestion and large crowds is also a big positive.”
Confidence in Stanford’s property market is reflected in PGP’s sales figures. In 2011, the company sold eight properties to a total value of R13.36 million, with the highest price achieved being R3.25 million.
Those figures have already been surpassed in 2012, and as at the end of August, Smith had sold 10 properties to a total value of R16.643 million.
Prices ranged from R320 000 for a 568 square metre vacant stand, to R5 million for an 86ha farm. The bulk of sales activity was in the R1.2 million to R1.5 million range, although there were also three sales over R2 million.
Smith says buyers this year have mostly been retirees or semi-retirees, as well as a few young family buyers.
Notable sales also included the landmark 'Old Mill', a 3000 square metre property in the historic heart of the village, located on Caledon Street. The mill traces its roots to the 1830s, when it played a vital role in the development of the village.
Having fallen into disuse in the 1940s, the property’s original labourer’s cottage was renovated, transforming it into a cosy, three-bedroom homestead. The original mill-house still stands on the property, and is ideally located for redevelopment as a guest suite or granny flat.
PGP sold the property in May for R2 million, to South African expatriates who intend to renovate it to live in when they return home.
PGP’s MD for the Boland and Overberg regions, Annien Borg, says value for money is another key selling point for Stanford.
“One can still obtain a vacant plot in the village from as little as R350 000 to R850 000, while cottages are priced between R950 000 and R1.5 million,” says Borg.
She says that larger family homes are currently selling at between R1.8 million and R3.5 million, going up to the R5 million range for riverfront properties.
“Considering the ease of access to Cape Town, just two hours’ drive away, and the fact that there is an international airport just 90 minutes away, this is very competitive pricing for high quality homes in a unique, scenic environment,” she says.
Borg says another attribute is the ease of access to the coastline, with Hermanus just 15 minutes away with its beaches, shopping, medical care and schools, as well as other quaint beachfront towns like De Kelders and Gansbaai.
Closer to the village itself, there are now seven major vineyards, including Raka and Boschriver, as well as an acclaimed microbrewery and cheesery.
“There is also a wealth of healthy outdoor activities to enjoy, from horse-riding and kayaking to excellent birding – in fact, the annual Stanford Bird Fair is fast approaching, and will be held this year from 28 to 30 September, attracting hundreds of keen twitchers and photographers to the village,” says Borg.
If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.
For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.
Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724