WHEN you invest in a cottage in the Karoo, it is money put to good use, according to those in the know.
Country estate agent Ian Badenhorst says: “Investing your money in a fixed asset like property is an excellent way of forced savings, and the affordability of these properties make such an investment a feasible option for many.”
In towns such as Colesberg and Hopetown, for instance, you can purchase a two-bedroom house from as little as R380000.
According to Ooba, the monthly repayment on this bond will be just over R3000 per month over a 20-year period at an interest rate of 9.5%.
Badenhorst says the affordability of property in the Karoo will also enable owners to budget for renovations and upsizing.
“It’s also a very good investment should you wish to retire in the Karoo. By the time you reach retirement age, your cottage could be paid off while in the mean time you can use it as a weekend breakaway home or a way to obtain extra income,” he says.
“There is a big demand for rental property in Karoo towns.”
Seeff boasts a wide variety of country cottages on the market for under the R1-million mark in well-known Karoo villages such as Beaufort West, Graaff Reinet, Prince Albert and Sutherland, as well as in other charming towns.
Estate agent Ilmarie van der Berg says the majority of the available properties in Beaufort West are under the R1-million mark and all of them have between three and seven bedrooms.
She says: “You can expect to pay as little as R250000 for a two-bedroom apartment.”
In Colesberg, prices range between R380000 and R995000 for a two- to sevenbedroom home, according to estate agent Rosa Conradie.
She says: “Vacant land is available from as little as R70000 for 1667m².”
Meanwhile, developments such as solar farms and a wind farm, as well as the building of a new hospital, establish De Aar as the ideal place for an investment, estate agent Anel van Zyl says.
She says: “A spacious five-bedroom family home will cost about R970000 and a three-bedroom home in the heart of the town will cost about R700000.”
In Douglas, you can find a three-bedroom home on an erf of 750m² for R810 000, agent Hanneke Botha says.
She says: “Vacant land of 660m² is available from R310000.”
Whereas in Gariep Dam, the youngest town in South Africa, vacant land is available from R120000 and prices of homes with three bedrooms or more start from R390000, estate agent Mariaan Booysen says.
In Graaff Reinet, according to estate agent Lynette McNaughton, modern as well as beautiful old houses are available from R430000 for a two-bedroom home.
In Hopetown, a two-bedroom home can start from as little as R380000, while it costs R700000 and up for a three-bedroom home, according to estate agent Estie Scutte.
In Merweville, at the moment, there are two four-bedroom homes for R870000 and a threebedroom home for R436000 available, local estate agent Alta du Plessis says.
Prieska, on the south bank of the Orange River, boasts three-bedroom and two-bathroom houses ranging in price from R600000 to R710000.
Estate agent Sonja Immelman says one of the properties in this town is also zoned for commercial purposes.
The towns of Middelburg and Sutherland boast property and vacant land from as little as R260000.
Prince Albert lies on the southern edge of the Great Karoo, nestling under the majestic Swartberg mountains.
According to estate agent Yolande Singery, the village boasts properties below the R1-million mark.
Recently Seeff sold a two-bedroom and two-bathroom home with foundations for a third en-suite bedroom in Prince Albert for R900000.