Koffiefontein was developed firstly as a stop-over for transport riders with either horses or ox drawn wagons, en route to or from the diamond fields in the Free State Province.
The town is sustained by two primary sources of sustainable income namely diamond mining and farming. The agricultural and farming activities entail livestock farming, Lucerne, potatoes and ground nuts.
The diamond mine was owned by the De Beers group and was closed down in 2007. Petra Diamonds then acquired the rights from De Beers in 2007 and the mine has been in operation since then. The diamonds mined form Koffiefontein are reputed to be of a very high quality but the yields are dwindling.
Koffiefontein was one more town that was embroiled in the second Anglo Boer war and was a crucial stronghold and was strategically placed between Kimberley and Mafikeng. Thus there are some remnants of the war in the town and surrounding areas.
Due to the mining activity in the town there is a need for residential and commercial property which is a stable industry and the added benefit of a tourist destination means the income source is slightly diversified in that homes can be converted to guest houses and B&B’s with minimal; cost.
Farms are also a stable source of property investment and there is still vacant land available for development in the town and the surrounding farms. Prices on the various properties are determined by size, demand and location and most importantly whether it is a free hold home or a farm or small holding.
The commercial property is as diverse and some of the commercial properties are catering for tourists in the form of restaurants and motels which are tourist oriented.
Take a tour of the properties on offer in towns across South Africa via the Myroof website