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Solid value boosts Sandbaai property market

Sandbaai- on the doorstep of bustling Hermanus- is attracting an influx of homebuyers thanks to the excellent value-for-money that property here offers.


 
“Increasing numbers of people working in nearby Onrus or Hermanus, just 3km away, are prepared to travel the short distance to places of work in return for property prices up to 50% cheaper than in these bigger towns, says Cornel Janse van Vuuren, owner of the local RealNet real estate franchise.
 
While the number of holiday home sales in Sandbaaihas dropped sharply to around 10% in the past three years, the market is currently buzzing thanks to residential buyers, she says.
 
Interest is particularly strong in the R750 000 to R950 000 price range, which covers comfortable three-bedroom family homes with two bathrooms. Most homes in this price range require some renovation, butJanse van Vuuren says first-time buyers and self-employed people are targeting them because they usually qualify for limited finance.
 
"However, these new owners generally renovate or improve their properties as their finances allow and this trend was probably one of the reasons for the recent opening here of the Cape Agri Co-op, which carries a wide range of home improvement products.”
 
What is more, she says, bargains are still available for buyers who are prepared to spend a bit more time and money on renovation. Basic homes in need of some work are still available at prices as low as R600 000, which compare very favourably to two-bedroom apartments with single bathrooms selling at just less than R500 000.
 
Full-title cluster homes in secure complexes are available from around R790 000 for two-bedroom units(see picture) and from around R1,1m for three-bedroom units with two bathrooms and double garaging on larger stands.
 
Sandbaai's reasonable prices - and the recent opening of a local Curro private school - have also sparked interest among upcountry buyers who are willing to commute to city jobs in return for settling their families in a safe coastal town. Janse van Vuuren says buyers from Gauteng now represent a sizeable percentage of the current market.
 
"Buyers in this category typically buy more modern homes in the R1,1m to R1,2m price range. Most of these properties are in good condition and are ready for immediate occupation, a definite attraction for commuters who see their families only at weekends and prefer not to spend time renovating."
 
Interest at the top end of the local market is steady. Janse van Vuuren says homes with sea views in Kusweg still attract holiday buyers at prices of between  R2,8m and R4m. "Although the number of holiday buyers is down, those who are currently buying are discerning and many of them are able to put cash on the table."


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