Healthy Her­manus mar­ket is at­tract­ing a wide mix of buy­ers

Weekend Argus (Saturday Edition) - - PROPERTY -

AN IN­CREAS­ING de­mand for homes in Her­manus is driv­ing ris­ing sales across all price bands, says An­nien Borg, man­ag­ing di­rec­tor for Pam Gold­ing Prop­er­ties in the Boland and Over­berg.

“From July to Septem­ber we sold property worth over R61 mil­lion, which is tre­ble the value for the pre­vi­ous three months and 140 per­cent more in units. This in­creased ac­tiv­ity in the mar­ket has con­tin­ued in Oc­to­ber with R27m in trans­ac­tions, a trend which is ex­pected to pre­vail as our busiest sea­son is from spring through to sum­mer and un­til af­ter Easter.”

She says that ear­lier this year a seafront home in Kwaai­wa­ter was bought for R18m to be de­mol­ished, and more re­cently three seafront prop­er­ties in the sub­urb of West­cliff were bought for R5.5m, R6.4m and R10.6m.

“West­cliff is in the old­est part of Her­manus, close to the new har­bour which is to be up­graded in a R23.5m in­vest­ment project. It’s close to the cen­tre of town and en­joys some of the most scenic sea views and this is a very sunny area that still of­fers ex­cep­tional value for money. As a re­sult we be­lieve West­cliff is an up and com­ing lo­ca­tion, par­tic­u­larly as prop­er­ties with sea views in other ar­eas are scarce.”

Wendy Cot­tage, which was sold for R10.6m, is a small her­itage house on a plot with enough room to build an ad­di­tional, sep­a­rate house, close to the cliff edge. The buyer is a lo­cal res­i­dent who owns a farm in the Hemel-en-Aarde Val­ley and plans to build a lux­ury home in the fu­ture.

“This property was on the mar­ket for six years, and has set a new bench­mark for the West­cliff area. Ac­cord­ing to Light­stone sta­tis­tics, the pre­vi­ous high­est price achieved in the area was R10.57m in 2014,” says Borg.

Renowned for its whale watch­ing, Her­manus has be­come a pri­mary res­i­den­tial des­ti­na­tion for many home buy­ers, and Borg says that at least 70 per­cent of buy­ers are mov­ing to the area per­ma­nently. “This used to be a hol­i­day vil­lage be­cause of fam­ily tra­di­tions and the beau­ti­ful beaches, how­ever the prox­im­ity to Cape Town, only 120km away, and good in­fra­struc­ture in­clud­ing good schools, a hos­pi­tal and shop­ping cen­tres as well as easy ac­cess to Stel­len­bosch Univer­sity, makes it a very ob­vi­ous choice for peo­ple from around South Africa. It’s a thriv­ing com­mer­cial hub, with many self-em­ployed own­ers.

“Most of our buy­ers are from the Western Cape, KwaZulu-Na­tal and Gaut­eng. The Curro pri­vate school has definitely at­tracted a grow­ing num­ber of fam­i­lies from all over. Western Cape buy­ers mostly want lux­ury homes for leisure use.”

Ac­cord­ing to Light­stone sta­tis­tics, 37 per­cent of buy­ers from Oc­to­ber 2014 to Septem­ber 2015 were be­tween 36 and 49 and 32 per­cent from 50 to 64.

Borg says apart from seafront property or homes with good sea views – as in the high-de­mand area of East­cliff, golf es­tate property is sought af­ter, such as in Fern­kloof Golf Es­tate. Pam Gold­ing Prop­er­ties re­cently sold a Fern­kloof home in Lake­wood Vil­lage for just over R10.5m.

Call 028 312 1110, e-mail her­manus@pam­gold­, an­nien.borg@pam­gold­

HER­ITAGE: Aerial view of Wendy Cot­tage in Her­manus, which was re­cently sold for R10.6 mil­lion.

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