Nov
2019
The fishing village of Park Rynie was established in 1857 as a whaling station. As a popular fishing venue on the South Coast, Park Rynie was also predominantly a holiday resort attracting scores of holiday makers in and out of season.
With holiday makers of course a demand for homes arose and a popular property market had a foothold.
With the development and expansion of the town came the mixed property sue which now comprises freehold homes, townhouses, apartments and vacant stands. The trend in Park Rynie has been for upcountry buyers that develop the stands as a seasonal holiday home.
The rental market in the sectional title townhouse and apartment segment yields good income in and out of season making the town an all year round income generating market.
There are a number of commercial and industrial properties within the marketplace which indicates an expanding town in the making. This has a knock-on effect of attracting more people who would like to live in the tranquil village setting.
The town can be described as a middle-class town with a varying architecture from conventional to modern and as the town expands with a number of newly developed townhouse complexes that are more modern it will stimulate the architecture of town towards the modern end of the spectrum.
Commercial properties can also serve as guest houses, lodges or B&B’s which are popular in the town.
Infrastructure like schools is established in the town. Here is a list of some of the popular schools in Park Rynie, St Anne’s Convent, Saint Frances Primary School, Scottburgh Primary School and Roseville Secondary School.
The town is conveniently located which means retail needs are as far as Scottburgh where there are malls like Scottburgh Mall.
According to sales statistics the property market in Park Rynie has shown a steady growth rate which indicates investor confidence in the town.
Take a tour of homes in Park Rynie via the Myroof web-site.
