select
|

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.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
    • 19 Apr 2018
      The rental market is a cut-throat sector of the real estate market that waits for nobody. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, first-time renters need to be fully prepared before they even start the process of looking for a place to rent in order to avoid the disappointment of losing out on their ideal property.
    • 19 Apr 2018
      Choosing to buy your first home instead of continuing to rent is a big decision that will usually take some time to put into action, but the sooner you can save up a sizeable deposit, the closer you will be to reaching your goal.
    • 18 Apr 2018
      Selling your home is no small task and as you will quickly find out, there are a lot of misconceptions about the process. Gerhard van der Linde, Seeff's MD in Pretoria East lists the top 5 misconceptions when you are selling your home.
    • 18 Apr 2018
      The Cape Town municipality is now installing water-management devices at properties that have been non-compliant with the new level 5 water restrictions and there are talks of fines between R5,000 and R10,000 for households that use too much water.
    • 17 Apr 2018
      The recent interest rate cut has stoked the coals in the first-time buyer’s market. At least for the next two months until the next interest rate announcement, homeowners are guaranteed lower monthly instalments than in the previous quarter. But, is it wise to take out a 100% bond just to enter the property market while interest rates are low?
        
    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