select
|

Stanford - attracting young families and semi-retired buyers

The picturesque village of Stanford, located in the Cape Overberg some 15 minutes inland from Hermanus, continues to attract buyers in search of a quiet country lifestyle and scenic surroundings.  

Pam Golding Properties (PGP) reports a steady upturn in sales over the course of 2012, with interest coming mainly from young families and semi-retired buyers.


The well-preserved Victorian village was declared a conservation area in 1995, meaning that its unique character is protected from unchecked development.  Natural boundaries including the Kleine River and the surrounding Akkedisberg mountains also prevent its expansion beyond the current town limits.  The result, says PGP agent Jill Smith, is that buyers can purchase with complete assurance that their views will be protected and their small-town lifestyle preserved.  “This is a highly appealing factor for buyers who are moving here specifically for lifestyle reasons,” she says.  “The relaxed pace of life, warm and friendly village atmosphere and low crime rate are key factors in most of our clients’ purchasing decisions.  They want their children to be able to grow up with more freedom than they have in the big city, to ride their bicycles in the street and play on the village green in safety.  A number of our semi-retired buyers are purchasing homes for use as weekend and holiday getaways, to which they will later retire on a permanent basis.  For them the fact that the magnificent surroundings will never be marred by traffic congestion and large crowds is also a big positive.”

Confidence in Stanford’s property market is reflected in PGP’s sales figures.  In 2011, the company sold eight properties to a total value of R13.36 million, with the highest price achieved being R3.25 million.  Those figures have already been surpassed in 2012, and as at the end of August (2012), Smith had sold 10 properties to a total value of R16.643 million.  Prices ranged from R320 000 for a 568sqm vacant erf, to R5 million for an 86ha farm.  The bulk of sales activity was in the R1.2 million to R1.5 million range, although there were also three sales over R2 million.  Smith says buyers this year have been mostly retirees or semi-retirees in the 50 to 65 age bracket, as well as a few young family buyers aged 30 to 40.

Notable sales also included the landmark “Old Mill”, a 3000sqm property in the historic heart of the village, located on Caledon Street.  The mill traces its roots to the 1830’s, when it played a vital role in the development of the village.  Having fallen into disuse in the 1940’s, the property’s original labourer’s cottage was renovated in the 1980’s, transforming it into a cosy three-bedroomed homestead.  The original mill-house also still stands on the property, and is ideally located for redevelopment as a guest suite or granny flat.  PGP sold the property in May 2012 for R2 million, to South African expatriates who intend renovating it to live in when they return home.

PGP’s MD for the Boland and Overberg regions, Annien Borg, says value for money is another key selling point for Stanford.  “One can still obtain a vacant plot in the village from as little as R350 000 to R850 000,” she says, “while cottages are priced between R950 000 and R1.5 million.  Larger family homes are currently selling at between R1.8 million and R3.5 million, going up to the R4 million to R5 million range for riverfront properties.  Considering the ease of access to Cape Town, just two hours’ drive away, and the fact that there is an international airport just 90 minutes away, this is very competitive pricing for high quality homes in a unique scenic environment.”

“Another attribute is the ease of access to the coastline,” Borg continues, “with Hermanus just 15 minutes away with its beaches, shopping, medical care and schools, as well as other quaint beachfront towns like De Kelders and Gansbaai. Closer to the village itself, there are now seven major vineyards, including Raka and Boschriver, as well as an acclaimed microbrewery and cheesery.  And Stanford is peppered with art galleries, craft shops and antique collectors, ideal for exploring on a winter’s weekend.  There is also a wealth of health outdoor activities to enjoy, from horse-riding and kayaking to excellent birding – in fact, the annual Stanford Bird Fair is fast approaching, and will be held this year from 28 to 30 September, attracting hundreds of keen twitchers and photographers to the village.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK