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High demand for security developments in Sedgefield

Located along the picturesque Garden Route between George and Knysna, Sedgefield caters to the lifestyle requirements as well as the security needs of the buyers in the area, says Chris van der Merwe, Broker/Manager of RE/MAX Lakes According to Van der Merwe, which services Sedgefield and the surrounding areas.

According to Van der Merwe, around 47% of recent buyers in the area have been between the ages of 50 and 64 years old, the largest percentage per demographic by far. “We have a large number of buyers who are looking to purchase retirement homes and investment properties. These mature buyers are looking for properties that offer them a sense of security, as well as the lifestyle benefits of living in a scenic coastal town in one of South Africa’s most beautiful regions,” he says. “Many buyers in Sedgefield emanate from the bigger metro areas and are looking for a change of pace.”

Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, says that it is interesting to note that many of the buyers who purchase homes in Sedgefield are cash buyers. He adds that while many younger generation buyers are struggling to build up deposits to secure finance, older generation buyers have built up equity in their homes over the years and have other investments, so are able to buy property with cash.


 
Van der Merwe says that approximately 11% of properties in Sedgefield are within security developments and estates. “Buyers here are eager to purchase property in security developments and these kinds of properties are always in strong demand. For this reason they are generally excellent investment options and homeowners often see good returns over the long term,” says Van der Merwe.

He notes that another factor that will continue to have a positive impact on the price of homes in Sedgefield is the scarcity of available land for further developments. “There is hardly any development land left in Sedgefield, which means that at some stage the availability of property will become a factor. With consistent demand for the region and a limited number of available homes, prices will continue to show excellent year-on-year growth,” says Van der Merwe.

While development land is a rare commodity in Sedgefield, there are still currently options available for buyers such as Sysie Square, a contemporary new development situated in the heart of the town.  According to Van der Merwe the lock-up-and-go development comprises of 14 full-title apartments enclosed in a secure complex. Starting at R975 000 and going up to R1.3 million including VAT, the units come in both two- and three-bedroom configurations. All of the units also have a single garage with an extra parking space.

“The units within the complex are well designed, featuring brand new quality finishes. Another drawcard of the development is because the unit are new; they have a five year NHBRC guarantee. The development provides buyers with a modern, secure lifestyle in the heart of a beautiful coastal town close to all amenities such as schools, medical facilities, shopping malls, restaurants, the beach and so much more. It is also within walking distance of the Sedgefield lagoon,” says Van der Merwe.

He notes that the area’s well-priced properties and laid-back, rustic feel have made it a sought-after residential hub. There are no industries and the area is very safe. There are also a number of activities and features for residents to enjoy such as unspoiled beaches, lakes and recreational sports.  “It is the perfect escape for people who want to get out of the fast-paced metropolitan city life and enjoy a more sedate lifestyle where quality overshadows quantity,” Van der Merwe concludes.


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