R12.5 MILLION INVESTMENT OPPORTUNITY IN SEDGEFIELD
Perfectly positioned in the secure and exclusive gated estate of Cola Views in Cola Beach, Sedgefield, this R12.5 million home with five bedrooms and five bathrooms offers the prime investment opportunity for the savvy coastal buyer. Priced near the top end of this growing market, this home stands to grow only further in value.
According to the suburb expert tasked with marketing the home, Louis du Preez of RE/MAX Lakes explains that sales of between R7 - R9.5 million have recently been registered in the area.
“There is a definite trend of people moving down to the coast because of the lifestyle it offers and now that they are able to work remotely. The safety and security of the area, as well as the proximity of excellent schools, are also major drawcards. In time to come, R12.5 million will not be top-end of this increasingly popular market,” says Louis du Preez of RE/MAX Lakes.
He adds that the Cola Beach market is fast becoming increasingly active. “We are seeing more and more upmarket homes being designed and built along the Claude Urban strip which (in time) is likely to become the Camps Bay property market of Sedgefield,” he suggests.
Speaking of the Camps Bay market, this R12.5 million property certainly offers the same appeal as many of its rival beachside mansions in the Cape. The home connects with the landscape in a seamless indoor/outdoor flow with distinct areas for entertaining, everyday living, reflection, and sleep. Of the five gracefully finished private en-suite bedrooms, three have their own balconies and the other two open onto the large expansive decks.
Outdoors, idyllic lounge areas edge the sparkling heated salt-chlorinated fibre-glass swimming pool. Cathedral pitch ceilings and windows, seamless stack doors, PVC balustrades and latticework combine to optimise privacy while showcasing the expansive ocean and mountain vistas, and terraced decks onto the water-wise fynbos garden.
Large pivot doors lead one back into the entrance hall where one is met with a well-sized winter lounge with wood burning fireplace and stack doors that lead onto an undercover patio. Inside, the home is generously proportioned and provides an easy-flow, open-plan living and dining areas as well as a gourmet kitchen with a spacious separate laundry/scullery. Large stack doors lead out to the roofed entertainment terrazzo with stainless steel brushed gas barbeque, flowing to the pool and beyond.
To entice investors further, du Preez explains that interest rates are low, so for those looking for a coastal property, now is the time to purchase. “Sedgefield is also the cheapest per square meter when it comes to property within the Garden Route and is, therefore, a good destination to consider as an investment,” he recommends.
Speaking to the popularity of many suburbs within the Garden Route, Chris van der Merwe, Broker/Manager of RE/MAX Coastal that operates in Knysna, Wilderness and Sedgefield, explains that in the six-month period following the hard lockdown, the office’s sales volume has increased by around 27% and the average time on market is around 30 days. “We can attribute the increased interest and number of sales in our area to the safe environment it offers and the ability for one to adopt a virtual home office.”
According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, semigration trends to coastal towns have been seen all around the country following the hard lockdown. “Investors who enter these markets early stand to benefit greatly from the increasing demand in these areas and are sure to enjoy good returns on their investment in the long-term,” he concludes.