Wellington – Making Cape Wineland Living an Affordable Reality

Wellington – Making Cape Wineland Living an Affordable Reality

Category Property News

Great value for money

For many aspiring homeowners, the exquisite Cape Winelands is a much-desired location that, unfortunately, many cannot afford. However, it is a little-known fact, that tucked away amid mountains, vineyards, and valleys, is the Wineland suburb of Wellington, which represents a worthy option for people looking for affordable residential, farming and smallholding options in the area.

Wellington offers great value for money, which is most noticeable in homes within the higher income bracket. In fact, homes here are generally priced on average between 30 - 60 percent, lower than those in other parts of the Winelands.

Available residential property

To put this in perspective, residential properties in Wellington from Lew Geffen Sotheby’s International Realty are on the market at extremely competitive prices - a five-bedroom family home, with Victorian-inspired architecture and a lounge and patio overlooking sweeping mountains and valleys, is selling for R2 930 000. Whilst, a four-bedroom home, designed for entertainment, with a large braai room leading into a swimming pool area, is on the market for R3 750 000.

These prices are vastly less in comparison to other suburbs in the Cape Winelands, such as Paarl and Stellenbosch, whereby a three bedroom home in Paarl will easily fetch for, on average, R8-9 million, and a 5-bedroom home in the heart of Stellenbosch, around 16 million. 

Farms and smallholdings

Saving several million is the most pronounced benefit when moving into Wellington, and this is seen in the above differences between the prices of family homes. However, this price difference is even more magnified in farm and smallholding properties.

A farm in Wellington is currently on the market for R10 750 000. It spans approximately 40 hectares, and specialises in wine grapes, with additional land available for further plantings. The residential component comprises of a four bedroom main house, a smaller three bedroom cottage and 6 labourers’ cottages. A similar sized property in Stellenbosch is on the market for R55 million.

Investment potential

With such affordability from a majestic suburb in the Cape Winelands, the most glaring question comes to mind - is it lucrative to buy in Wellington’s property market?

Firstly, homebuyers can rest assured that the suburb's residential market is growing in value, due to increases in demand. This has caused home prices to escalate by over 10 percent - making it a sound long-term investment. Besides a vibrant appreciating market, the quality of life promoted and upheld in Wellington is parallel to none. Here, life is tranquil, surrounded by never-ending winelands, vineyards and jagged mountain views, coupled with opulent well-secured homes, good schools and a wealth to adventure activities to add contrast.

Secondly, for investors, Wellington’s property landscape is transforming to meet the needs of students. Student accommodation is in massive demand here, as the suburb is in close proximity to many universities, including Wellington Campus, Cape Peninsula University of Technology (CPUT), University of Cape Town and Hugenote College.

Student rentals can start from as little as R2000 and go up to R6000-R8000 per month.

Great student accommodation options are available in Wellington, from Lew Geffen Sotheby’s International Realty. The first property is a sole mandate and is ideal for two students, sharing. This apartment is within walking distance of CPUT, and comprises two-bedrooms, one bathroom and one parking bay. The second property, is a cozy two bedroom house, with a pool and big garden. Not only is it well-sized for two students sharing, it is also a well-suited starter home for a couple or family.

With affordability at the forefront, Wellington is making the dream of living and investing in the Cape Winelands a reality. From spacious and luxurious family homes to lucrative farms and student accommodation properties – the suburb is alive with potential for homebuyers and investors alike.

Author: Lew Geffen Sotheby’s International Realty