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.

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