De­mand for se­cure es­tate liv­ing in Stel­len­bosch still soar­ing

Weekend Argus (Saturday Edition) - - PROPERTY -

HOMES in se­cu­rity es­tates are the most sought-af­ter prop­er­ties in Stel­len­bosch, gen­er­ally sell­ing faster than any other res­i­den­tial prop­erty with agents in the area re­port­ing sig­nif­i­cant stock short­ages.

Un­til re­cently the grow­ing de­mand was mainly ex­pe­ri­enced at the es­tates in and around the town, with de­vel­op­ments more than a kilo­me­tre or two away of­ten re­garded as un­de­sir­able and in the mid­dle of nowhere.

This is ac­cord­ing to Candice Laub­scher of Lew Gef­fen Sotheby’s In­ter­na­tional Realty, who says that this per­cep­tion is rapidly chang­ing.

“To­wards the end of last year, when de­mand be­gan to sub­stan­tially out­strip sup­ply and prices of es­tate homes in town sky­rock­eted, prospec­tive buy­ers had no choice but to con­sider other prop­er­ties in the sur­round­ing area.

“It wasn’t long be­fore peo­ple be­gan to re­alise that the ex­cep­tional value for money, con­ve­nient lo­ca­tion and re­laxed coun­try life­style of­fered by de­vel­op­ments like De Wi­jn­lan­den Es­tate far out­weigh the few ex­tra kilo­me­tres they need to drive to get to town.”

Laub­scher says there are sev­eral key fac­tors con­tribut­ing to the rapidly grow­ing de­mand for th­ese prop­er­ties, in­clud­ing a dearth of avail­able land for de­vel­op­ment in Stel­len­bosch.

“A ma­jor draw­card is the more ac­ces­si­ble price point of the satel­lite es­tates as the re­cent surge in prop­erty val­ues in town has placed th­ese homes out of the reach of many in­vestors, with en­try level prices now start­ing at around R4.2m and prices in pop­u­lar es­tates like De Zalze prices be­gin at R8.5m.

“Al­though scarce, with pa­tience a size­able en­try level home in a de­vel­op­ment just a few kilo­me­tres away can be bought for about R3m. The added ad­van­tage of es­tab­lished es­tates out of town is that plots on es­tates built be­fore reg­u­la­tion changes in 2008 also tend to be larger so the res­i­dents en­joy a greater sense of pri­vacy.”

An­other con­tribut­ing fac­tor cited by Laub­scher is the sharp in­crease in Gaut­eng in­vestors who are seek­ing a safer, more re­laxed life­style in the Cape and they gen­er­ally pre­fer liv­ing in se­cure, gated es­tates which of­fer peace of mind as well as a sense of com­mu­nity.

“Hi-tech se­cu­rity sys­tems are now the norm at many es­tates, with some like De Wi­jn­lan­den go­ing the ex­tra mile by en­sur­ing res­i­dent’s se­cu­rity with elec­tric fenc­ing reen­forced with anti-dig con­crete, 24-hour guard­ing and hi-tech ther­mal cam­eras which cover the en­tire perime­ter and de­tect body heat up to 15m out­side the fence.

“We are also see­ing in­creased in­ter­est from Dur­ban in­vestors and a lot of ex­pa­tri­ates still liv­ing and work­ing abroad are in­vest­ing now as the ex­change rate is so greatly in their favour,” says Laub­scher.

The es­tates of­fer out­door en­thu­si­asts and na­ture lovers an idyl­lic life­style with many ac­tiv­i­ties and fa­cil­i­ties avail­able on the premises, such as walk­ing and cy­cling routes, parks where chil­dren can safely play and even dams. Many also have sports fa­cil­i­ties like ten­nis courts and driv­ing ranges.

Lew Gef­fen, chair­man of Lew Gef­fen Sotheby’s In­ter­na­tional Realty says: “Prop­erty in se­cure es­tates in ar­eas like Stel­len­bosch is with­out a doubt a sound in­vest­ment which of­fers in­vestors ex­cel­lent re­turns.

The grow­ing pop­u­la­tion has also spurred the es­tab­lish­ment of two new schools, with Red­dam and Curro due to open next year.

WINELANDS LIFE­STYLE: This three-bed­room home with three bath­rooms on a gen­er­ous erf in De Wi­jn­lan­den Es­tate is for sale at R6.3 mil­lion.

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