Sus­tained de­mand at Wel­gevon­den Es­tate

Weekend Argus (Saturday Edition) - - PROPERTY -

WEL­GEVON­DEN Es­tate, on the north­ern edge of Stel­len­bosch, is en­joy­ing sus­tained de­mand from buy­ers seek­ing a se­cure, fam­i­lyfriendly life­style.

Lo­cated at the foot of the Si­mons­berg Moun­tains, the es­tate is one of the largest res­i­den­tial de­vel­op­ments in the coun­try, oc­cu­py­ing nearly 38ha and in­cor­po­rat­ing just over 950 er­ven.

Es­tab­lished in 1998, the es­tate is now ap­proach­ing ma­tu­rity and only 25 properties are still va­cant.

The rest have been de­vel­oped with a mix of free­hold homes, rang­ing from com­pact two-bed­roomed houses to larger fam­ily homes with four bed­rooms and dou­ble garages.

Plot sizes range from 144m to around 250m2, al­though a few properties oc­cupy er­ven of over 300m .

Pric­ing for com­pleted homes spans from R1.2 mil­lion for smaller starter homes to just un­der R3m at the top end of the mar­ket.

The few re­main­ing va­cant er­ven are typ­i­cally around 180m in size and they are priced from R540 000 to R990 000.

Light­stone statis­tics in­di­cate that Wel­gevon­den Es­tate has en­joyed some of the high­est turnover in Stel­len­bosch over the past few years, on unit sales and rand value.

A to­tal of 46 prop­erty trans­fers were reg­is­tered be­tween Jan­uary and May this year over all agen­cies.

Pam Gold­ing Properties (PGP) agents Dirk Carstens and Shel­don Rogers say there has been par­tic­u­larly high de­mand from first-time buy­ers, es­pe­cially for the smaller homes priced at about R1.2m.

“Other buyer cat­e­gories in­clude fam­i­lies want­ing a safe en­vi­ron­ment in which to raise their chil­dren – es­pe­cially those re­lo­cat­ing from up­coun­try prov­inces due to se­cu­rity con­cerns,” say the agents.

“There have also been a num­ber of sales to ex­ist­ing Wel­gevon­den res­i­dents who are scal­ing up or down as their cir­cum­stances change.

“This move­ment within t he es­tate is a sure in­di­ca­tor that res­i­dents never want to give up this ap­peal­ing life­style.”

The agents say in­vest­ment buy­ers are also keen on homes in Wel­gevon­den Es­tate, given the sus­tained de­mand for prop­erty sales as well as rental op­por­tu­ni­ties.

Af­ford­able pric­ing and aboveav­er­age price growth add to the ap­peal – the es­tate achieved house price growth of about 16 per­cent from 2011 to last year, and the aver­age price for the past six years was a healthy 10 per­cent, ac­cord­ing to Light­stone.

Se­cu­rity re­mains one of the es­tate’s key sell­ing points and fea­tures in­clude two bio­met­ric ac­cess­con­trolled en­trance points, elec­tric perime­ter fenc­ing and round-the­clock se­cu­rity guard pa­trols.

This net­work en­ables res­i­dents to en­joy a re­laxed, com­mu­ni­tyf ocused l i f e s t yl e, mak­ing t he most of ex­ten­sive green ar­eas and parks with pic­nic ta­bles, pedes­trian by­ways and a dam for fish­ing and rowing.

Panoramic views of moun­tains and vine­yards pro­vide an ideal back­drop for jog­ging and walk­ing, and for com­mu­nal events.

An­other huge drawcard for res­i­dents is the on-site shop­ping cen­tre, which opened in 2010.

Stone Square ten­ants in­clude a Spar, a Curves gym, a cof­fee shop and take­away out­lets, as well as a laun­dro­mat, an auto clinic, a mu­sic school and other small busi­nesses.

Call Dirk Carstens on 072 446 0990 and Shel­don Rodgers on 071 224 5642 or e-mail dirk.carstens@pam­gold­ing.co.za.

SE­CURE LIFE­STYLE: This three-bed­roomed home in Wel­gevon­den Es­tate is for sale at R2.19 mil­lion.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.