27 Dec 2012
This is according to Seeff agent, Nelia Retief. The village lies in a scenic valley surrounded by mountains, vineyards, fruit orchards, waterfalls and farmlands. Its historic Church Street has 32 National Monuments and stands as a living monument to its Cape Dutch architectural heritage.
It is popular with visitors and often sought out for weddings given the picture-pretty architecture and natural surroundings. Aside from the architectural appeal, the town has a number of top wine estates and a number of heritage homes and property investments, priced lower than other Boland towns, says Retief.
She says with 400 residences in the heart of town and boundaries expanded to their limit, prospective buyers will be delighted to know that the charismatic small town feel is here to stay. The last few years have seen an emergence of small business owners opening up service providers and home offices and there is a shortage of rental stock both to meet the residential and business demand. There are currently 65 out of the total of 400 properties in the town available for rentals and there is a growing list of long-term tenants looking for medium sized lock up and go properties, thus presenting a unique buy-to-let opportunity for investors.
Those looking for a weekend retreat, retirement home or wanting to relocate to the countryside for a better quality of life will find the village one of the most charming areas to live in, Retief says. It is family-friendly. The ideal environment in which to raise children and there is a real feeling of community, with just about every facility and amenity including schools in close proximity.
Property options are varied and there is something to fit the most modest budget. Cash buyers are snapping up well-priced properties, as are young couples looking for an affordable foothold in the property market. This is borne out by the growth in sales, as this year, Seeff has sold 30 properties in the town, 150 percent more than during the same period last year.
A home in Shand Street sold within 8 days of its listing at R1.25 million, R500 000 more than the asking price. Vacant plots are being bought at exceptional prices that range from R20 000 to R350 000. Commercial properties are seeing high demand, with a building on Main Road sold by Seeff for R2.075 million, the highest price this year for commercial property.
The demand for historic homes has Seeff selling No. 32 Church Street for R1.587 million to a couple looking for a quiet retirement home. Property prices start at R500 000 and historic homes in Church Street range up to R2.7 million for the original Fagan homestead.
Another option is the new Pastoral Mews development. The first new secure estate, it has 13 modern Cape Dutch homes with five plan design options that range from 92 square metres for a two bedroom home to 117 square metres for a three bedroom, double-storey house. Prices start at R996 000, inclusive of all transfer costs, which is a significant benefit for buyers says the agent.
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