Port Edward on the lower South Coast of KwaZulu-Natal continues to attract older buyers such as retirees and mature people acquiring their future homes and mainly from the larger metropoles and the Eastern Cape, so the town retains its reputation as a desirable retirement destination.
“Value for money, a good year-round climate, beautiful Blue Flag beaches on a pristine coastline and top-class golf courses are a drawcard for this market, coupled with a close-knit, friendly community,” says Cath Molyneux, area principal for Pam Golding Properties.
“We’ve experienced a definite uptick in activity since the hard lockdown as many people can work from home – some in semi-retirement or looking to retire here in the future, as well as existing retirees seeking their ideal permanent residence.”
Property in Port Edward remains extremely affordable despite median prices of both freehold and sectional title properties drifting higher over much of the past decade, with both strengthening sharply during the past year. The majority (75.3%) of homes are freehold, with 13.3% in estates. Beachfront properties and smallholdings are particularly attractive, available at affordable prices between R1.7 million and R 3.5 million.
Port Edward has currently *145 new property listings according to Property24 Trends Data, with the average asking price for the area being R870 000. The average sale price per erf for 2021 was about R750 000 while Section Scheme Units for the same period is about R707 500.
The latest residential listings on Property24 show that three-bedroom homes are most widely available, at an average list price of R1.295 million. Sellers in the area fall within the 50-64-years or older (39%), while 43% of buyers also fall within the same age group.
Click here to see all the sale and listing price trends in Port Edward
Other local attractions include rock and surf angling, bass fishing, two ski boat clubs with launch facilities, hiking trails, nature reserves, mountain biking, bowling clubs, squash and tennis clubs and fitness centres, and the Wild Coast Sun a five-minute drive away with four golf courses.
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*Property24 Listings Data Disclaimer: The trends detailed in this article are based on Property24 listings, current at the time of publishing, and property transfer data supplied by Deeds offices, which typically take 3-4 months to reflect. Suburbs are listed according to Property24's geographical database. In some areas this will include both commercial and residential properties. The age demographic data of buyers, sellers and stable owners is determined over a six-month period. These Property Values should not be used as a substitute for independent professional advice and is subject to Property24.com Terms and Conditions
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