Stellenbosch property for sale

Property Price: R465,000
Flat / Apartment in Stellenbosch: Value for money in the winelands. Ideal investment opportunity in Stellenbosch. Laundromat inside complex.

Stellenbosch Background Information:

Property Market :

An unsurpassed quality of life, a strong demand in student housing, a growing corporate presence in the town and a lack of residential land due to the encircling vineyards of the historically “dominating” wine industry, has made this one of the most expensive countryside property markets in the country. Rezoning of Stellenbosch agricultural land is due to the local city council’s city planning policy, virtually impossible.

The student property market dynamics has since 1994 seen dramatic changes – with a very strong demand being created in the sectional market by the national policy of affirmative action and the role it is playing in the university’s residences. The number of apartment blocks in Stellenbosch is at present about +- 160 – ranging from 100 m to 3,5 km. from the campus. Prices of flats ranges from about R470 000 (1-bedroom on the outskirts) to R 2,4 mil (2 bedroom / 108 sq.m units in Central Stellenbosch in the “golden triangle”). Student’s parents have during the last few years also utilized the high capital growth achieved on the apartments to pay for their children’s education – again creating & now maintaining a new market dynamic unique to this property market.

Location :

50km north-east of Cape Town in the area generally referred to as the Boland (Higher ground). - Property Stellenbosch

Stellenbosch Property

» Bed's - 1
» Bath's - 1
» Security
» Kitchen
» Braai area

Stellenbosch Property Contact

Benhard Wiese
CCH
Tel: 021 - 007 0038
Cell: 0846112293

Reference: 1124183

(click images to enlarge)

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