Kleinmond harbour upgrade reels in tourists, new residents

The development upgrade of the small boat harbour in Kleinmond in the Overstrand area of the Western Cape is putting a new gloss on the local economy.

3 Bedroom Cluster for sale in Kleinmond
The upgrade, which started about two years ago, will eventually lead to Kleinmond boasting its own waterfront, says John Knight, owner of the RealNet Pringle Bay & Surrounds franchise. The project is expected to be fully completed in the next five years.
"The road to the harbour, where deep-sea fisherman and crayfish catchers launch their small craft, has already been upgraded and restaurants in the harbour area have put on fresh faces. It has become a favourite destination for visitors, holidaymakers and residents alike," he says.
"The Fresh Market in Harbour Road, where visitors can buy organic vegetables and freshly made delicacies and meet producers and chefs, has also become a highlight of the local calendar. Held on the first and last Sunday of every month, it is also a good place to buy bunches of local fynbos or artworks by local Overstrand artists. Entertainers, musicians and face painters add to the festive atmosphere."

5 Bedroom House for sale in Kleinmond
Knight says the effects of the upgrade can also clearly be seen in the local property market - long a favourite of holiday buyers and retirees.“There is currently avid interest among retirees because of the charm of the town, as well as the sound infrastructure, while investors in holiday homes are still very active in the market.
“Demand for long-term rental accommodation has also increased recently, to such an extent our office will open a separate rental division next month (February)at our new premises in the JP Peters Centre on the main road.”
He says commuters working in Hermanus, about 25km away, are now targeting accommodation in Kleinmond because stock is more readily available and, once again, the lifestyle is very appealing.
“Staff at the nearby Arabella Hotel are also targeting rental homes in Kleinmond and the increased rental demand has also piqued the interest of investors, who are now keen to add long-term rental properties to their portfolios of holiday accommodation.”
Rentals range from about R3000 a month for two-bedroom units up to R10 000 a month for more upmarket homes on the beachfront. Buyers can expect to pay around R750 000 for a comfortable older home inland, to between R5m and R8m for top properties on the beachfront. Knight notes, however, that most current buyers are targeting modernised homes price at around R950 000.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
    • 19 Feb 2018
      Situated approximately halfway between Johannesburg and Pretoria, Midrand was established in 1981 and forms part of the City of Johannesburg Metropolitan Municipality. It has become one of the major business hubs in the country with major pharmaceutical, textile, telecommunication and motoring giants situated within its boundaries.
    • 19 Feb 2018
      The PayProp Rental Index Annual Review of 2017 shows that the rental market suffered from much volatility during the year. It kicked off with rental growth spiking in January with weighted year-on-year growth (YoY) growth peaking at 8.3% before dropping to 6.34% in July, dipping down to less than 5% in November and then experiencing a slight uptick at 5.75% in December.
    • 19 Feb 2018
      While most homes in cluster complexes, estates and other gated communities come with at least one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
    • 15 Feb 2018
      One positive consequence of the financial crash in 2008 was the rise in consumerism, especially in the property market, where buyers have steadily become more knowledgeable and more value conscious.
    • 15 Feb 2018
      While most homeowners will take the agent’s commission into consideration when they are trying to determine what the will get out from the sale of their property, many often forget to factor in the other costs involved in a home sale, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news. Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it’s a double-edged sword as the market also will come under increasing pressure from factors like declining disposable income levels.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us