Here from local property experts what Stellenbosch has to offer for property shoppers.
What types of properties are available in Stellenbosch and what can buyers expect to pay?
Homes in secure estates are very sought-after in Stellenbosch. Estates nearest to the town are more expensive. In established, sought-after developments like De Zalze Golf Estate, prices start at around R8,5m, while in the newer estates on the outskirts, entry-level prices begin at around R4,2m. Buyers wanting a taste of the old Stellenbosch, can still buy a freestanding home on a generous plot in suburbs like Mostertsdrift, Dalsig and Brandwacht. Unrenovated homes are in high demand and are priced above R6m in Mostertsdrift and R3,8 to R6m in Dalsig or Brandwacht, depending on position. Renovated houses in these areas can fetch from R8m up to R25m.
What do you love most about the Stellenbosch area?
I was born and bred in Stellenbosch, so The City of Oaks will forever be part of my identity and close to my heart. My family loves being outdoors, so for us, being surrounded by nature and mountains which offers numerous opportunities to be active, is such a blessing. I’ve always been in awe of the town’s beautiful change in seasons, my favourite being autumn – with the trees taking on golden, amber and scarlet hues. Stellenbosch is synonymous with a rich history, nature, art, food, vibrant students and, of course, wine. Properties are also in great demand and prove to be excellent investments.
Mari Carstens: Director, Anna Basson Properties
Who is buying property in the area?
First-time buyers find it extremely difficult to get into the property market in Stellenbosch due to the high prices of real estate. Current buyers consist of foreign buyers buying holiday homes and buyers from the Gauteng area relocating to the Western Cape. There are also a considerable number of cash investors who buy apartments which are then rented out to students. Another trend is for older properties close to the university to be demolished and apartment blocks for students erected in their place. Despite this, the demand remains greater than the supply which also has an influence on property prices.
This article originally appeared in Neighbourhood, Sunday Times.
Take a journey through the stunning Stellenbosch area here: