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Rising demand for homes in trendy Simon’s Town

Simons’ Town on the Cape’s South Peninsula is enjoying renewed popularity as a trendy and character-filled destination, resulting in increased demand for residential property from a number of sources. 


This home in Simon’s Town lies just above Fisherman’s Beach, and enjoys uninterrupted sea and mountain views from every room.

Pam Golding Properties (PGP) reports that the scenic seaside village is currently attracting buyers across all price ranges, including the R5 million to R10 million bracket, which has been relatively quiet in recent years.
 
PGP’s area manager for the South Peninsula, Sandi Gildenhuys, says 35 homes have been sold in Simon's Town in the past eight or nine months (December 2013 to mid-August 2014), with 14 of these transactions concluded by PGP agents.
 
“Whereas in 2013 demand was strongly focused in the sub-R3 million price range and sales rarely topped R5 million,” she says, “in the year to date (2014) nearly half the sales have been properties priced above R3 million.  We have even seen a number of cash buyers purchasing in the R7 million to R10 million bracket. However, there is still strong demand for more affordably priced homes and as a result, stock levels are particularly low in the price range below R3 million.”


It offers two bedrooms plus a generous granny flat. The property is on the market exclusively through Pam Golding Properties, at R5.9 million.
 
PGP’s buyers this year have included several buy-to-let investors, as well as families seeking beachfront cottages for holiday use, and so-called “swallows” purchasing lock-up-and-go homes which they can occupy during the European winter months. “There is also steady demand for three-bedroomed family homes for permanent use,” say PGP agents Rosalie Jack and Alan Dunlop. “Clients are recognising the value for money on offer in the village, as well as the appeal of living away from the rush of the city, but still within reach of amenities. Simon’s Town offers good security, lovely beaches and magnificent sea views – all for about a third of the price one might pay in some of the more central city coastline areas. The result is that besides the more traditional retirement and holiday buyers, there has also been a noticeable upturn in the number of young families seeking out this enviable lifestyle.”


The view from a Victorian cottage which is on the market in Simon’s Town, exclusively through Pam Golding Properties, at R5.6 million. The home occupies a wind-protected position and has original features such a high pressed ceilings, a Victorian fireplace, sash windows and Oregon pine floors. There are four bedrooms and a study, plus a separate guest cottage.
 
Simon’s Town occupies a scenic location on the eastern side of the Cape Peninsula, with many homes enjoying sweeping views of False Bay and/or the surrounding mountains. The village is steeped in nautical history, with a proud naval tradition spanning over 200 years. The South African Navy base remains a focal point of much activity, while the False Bay Yacht Club is a key draw-card for many buyers with nautical leanings. A number of quaint Victorian homes and shops have been beautifully maintained and restored, giving the village a sense of nostalgia and timeless character. Yet it also boasts all the requisites of a modern cosmopolitan lifestyle, from highly-acclaimed restaurants and coffee shops to interesting museums, art galleries and markets. The surrounding area offers a wealth of outdoor activities including beautiful hiking, sailing and whale-watching, or soaking up the sights at one of only three remaining penguin colonies in South Africa, at Boulder’s Beach.


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