select
|

Upcountry buyers and weekenders drawn to Greyton

The town of Greyton is one of the most charming and scenic rural getaways in the Cape’s Overberg region, located some 90km inland from Cape Town, at the foot of the Sonderend Mountains. 

It has long been popular as a weekend retreat for Capetonians, and is viewed an ideal place to retire with its scenic beauty and slow pace of life. Pam Golding Properties (PGP) reports that the town’s residential property has seen a surge of interest from upcountry buyers in particular, during the first few months of 2013.



PGP agent Douglas Legg says many recent buyers have been prompted to purchase homes now, for use in only three to five years’ time. “There is definitely a sense of anticipation that prices will begin increasing imminently,” he says, “and indeed recent sales data seems to support that. The average price of homes in the town has been climbing slowly but steadily, and has grown from around R1.4 million this time last year (mid-2012) to a current level of around R1.6 million. Several of our recent buyers have been happy to pay cash now to secure their home at a good price, even if they don’t intend relocating until a few years’ time.”

Legg says residential buyers tend to fall into three categories in Greyton. The first is retirees seeking homes in the popular secure retirement development “The Country Village”, where a two- or three-bedroomed home on 400sqm can cost between R1.2 million and R1.8 million. The second category is permanent residents seeking a family home away from the ‘rat-race’, who tend to favour larger homes on erven of 1500sqm to 3000sqm, typically priced between R3 million and R5 million. “The third category has seen the most interest this year,” says Legg, “and includes second-home buyers wanting comfortable cottages and houses for weekend and holiday use. Eight properties have been sold in this category (across all agencies) in the month of May 2013 alone. The most sought-after profile is a two- to three-bedroomed home on a medium-sized plot of around 900sqm, which would typically sell for R1.5 million to R2 million.”

There is also notable demand for agricultural property in the area, with virtually no stock available in the market at present.

Besides the magnificent mountain scenery, Greyton’s appeal includes its relaxed country lifestyle and warm yet cosmopolitan atmosphere. The healthy outdoor lifestyle offers ample opportunities for hiking, bird-watching and mountain-biking, while a thriving artistic community finds inspiration in the town’s huge oak trees, abundant rose gardens and quaint Cape vernacular architecture – the latter fiercely protected by the local Aesthetics Committee. Properties include a mix of character-filled small cottages, modern country houses and restored historic homes.



Among the most notable properties currently on the market through PGP is a home in the quiet Vigne Lane – named for the town’s founder Sir Herbert Vigne, whose original homestead is located nearby. The substantial family home is elegantly designed in two distinct sections, so that the family living areas are kept private, while the other side of the house offers a warm open-plan space for entertaining guests. The home has three spacious bedrooms, two of them en suite.  Luxury features include marble kitchen counter-tops, under-floor heating and extra-large windows to maximise the mountain views. The light, airy lounge and dining area has a cosy fireplace for winter evenings, and flows to a large veranda ideal for entertaining al fresco in summer. This in turn overlooks an exceptional garden, which is fully irrigated via a computerised system and a small dam. The home has an automated double garage and alarm system, and occupies an erf totalling over 1600sqm. The property is on the market exclusively through PGP, priced at R3.45 million.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 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.
        
    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