Bumper holiday letting season ahead for St Francis Bay

Home buyers looking for value for money in prime coastal areas – both for permanent relocation and holiday use – are finding that St Francis Bay, with its attractive beaches and canals and situated on the lower Eastern Cape coastline close to the Garden Route fits the bill.

This seven bedroom (all en suite) home on the canals in St Francis Bay has been rented out at R12 150 per day during the forthcoming festive season through Pam Golding Properties. In prime spot overlooking ‘Ski Canal’  and with river mouth and sea views, this spacious, brand new family home  includes eight bathrooms, large open living spaces and entertainment areas, deck with sunken infinity pool, landscaped garden, private beach and jetty.

So says Richard Arderne, area principal for Pam Golding Properties, who says: “Apart from good residential property sales we are seeing a significant increase in holiday rental enquiries with bookings flooding in for the December - January holiday season.

“There’s not only a greater demand, this festive season our holidaymakers are staying for longer rental periods from 14 to 21 days, with some even as long as four weeks.

“Most of these are families living in Johannesburg, Cape Town, Port Elizabeth and Durban, although we also receive a few overseas bookings,” adds PGP rentals agent, Emily Obray.

She says rentals start at R1 600 per night, ranging up to around R12 000 per night. Leases for holiday rentals have an average value of R65 000 with a few around R150 000 and one over R250 000 confirmed for the forthcoming festive season.

St Francis Bay and the surrounding areas continue to grow in popularity as the summer holiday destination of choice for many local and international holidaymakers. “We have the best of all worlds with a wide variety of activities available, for example world renowned surf spots, a world class golf course – The Links, water skiing on the Kromme River, jet skiing, canal boat trips, wind surfing, paddling and scenic walks, not to mention the much sought after events and entertainment organised for both young and older throughout the season.

“Having experienced record property sales in 2014, we’ve achieved buoyant sales for this year to date too with many buyers even through the winter months. However, buyers are becoming more discerning, looking for bargains.

“Just some of our recent sales include 10 plots on St Francis Links in October, and plots on the canals which fetched R1.4 million, R1.7 million and R3.5 million, with all three buyers planning to build next year (2016).”

Pam Golding Properties sales of existing homes include an old thatched house on the hill with a good view which fetched R1.5 million, an apartment in Port St Francis which was acquired for R1.1 million, a modern thatched home in an estate just off the canals which was sold for R1.8 million and two older small houses on the canals which each fetched R2.7 million.

Adds Arderne: “At the higher end of the market stylish or more modern, luxury homes sold at prices ranging from R2.6 million and R3.6 million to R4.4 million and R4.5 million. We also sold a large industrial plot for R2.1 million.”

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us