Yzerfontein sees demand for well-priced homes

The coastal town of Yzerfontein, located some 90km north of Cape Town, is experiencing consistent demand in the market for mid-level family homes priced between R1 million and R2.5 million.  

So says Pam Golding Properties (PGP), which believes the options on offer in this price range represent some of the best-priced – and most attractive – property along the West Coast.  There have been 52 residential property sales in the town this year (as at end July 2012 – across all agencies), with the bulk of activity centred in this price range.

PGP’s Yzerfontein agents Sheena Boardman and John Nutter say the market is still being affected by prevailing economic conditions, but is nevertheless seeing slow but steady turnover.  “Yzerfontein remains primarily a holiday town,” they say, “with only a little over a thousand permanent residents.  With the market for second homes being quiet across the country, sales have been relatively slow.  However it is worth noting that PGP’s sales in the area have already topped R15.5 million for this year (2012), which is R3 million more than we sold in the whole of 2011.”

The most popular price range (from R1 million to R2.5 million) represents Yzerfontein’s lower- to mid-level homes.  Boardman says one can buy a two or three-bedroomed apartment or a sizeable family home with three or four bedrooms, within this range. “There is excellent value for money on offer,” she says, “including well-priced homes on spacious erven which would be ideal for permanent residence or holiday use. There is a large variety of stock to choose from, whether you want to be near the harbour area, close to the beachfront, or further out on the town’s fringes with beautiful fynbos surroundings and magnificent views.”

PGP’s area manager for the West Coast, Stephanie Wynne Cole, says there is also a limited but good selection of top-end luxury homes on the market at present, in the price range above R5 million.  “These homes offer high quality finishes, multiple bedrooms, and generally, close proximity to the seafront,” she says.  “Compared to what one might pay for a similar quality of home in other coastal areas, they represent exceptional value for money.  One can even obtain properties on the very front row for between R4.5 million and R6 million, and beachfront plots from R1.5 million to R3 million.  An additional bonus is that many of these top-end homes have views which can never be impeded due to surrounding protected green belts and nature reserves.”

One such property which is currently on the market exclusively through PGP, is a home in Pearl Bay Heights, located on the fringes of the town.  The suburb lies adjacent to undeveloped farmland, and is surrounded by fynbos which erupts into magnificent springtime floral displays.  A greenbelt is all that separates this particular home from a panoramic view stretching all the way to Table Mountain and Dassen Island.

The stylish modern villa, set on an erf of over 1500sqm, has five en suite bedrooms plus a two-bedroomed guest suite with its own private entrance.  “This would make it immensely suitable for use as a guesthouse, subject to the relevant approvals,” says Boardman.  “The owner/manager could occupy the spacious guest suite and use the main home as a B&B – an attractive option in a town which is hugely popular with weekenders from Cape Town, as well as with farmers from the province’s inland areas.”

Other features of the home include expansive entertainment areas with excellent flow between formal and informal areas.  The modern kitchen has Caesarstone counter tops and a smeg gas stove, with an eat-in counter and a separate scullery, laundry and pantry, lending itself to large-scale entertaining.  The open-plan dining and lounge areas share a double-sided fireplace, while sun-filled patios with glass stacking doors provide access to the outdoor areas.  A swimming pool, games room and braai room/pub complete the picture of a home ideal for a large family to enjoy.  The property is on the market at R8.95 million

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