High liv­ing on a golf course

Business Day - Home Front - - FRONT PAGE - Michelle Swart [email protected]­vetsquare.co.za

This home for sale is sit­u­ated within the Pe­can­wood Es­tate which is set on the banks of the Hart­beespoort Dam

PE­CAN­WOOD Es­tate and Pe­can­wood Golf and Coun­try Club, whose name was in­spired by the grove of pecan-nut trees on the prop­erty, is sit­u­ated on the banks of Hart­beespoort Dam.

Home to SA’s first Jack Nick­laus sig­na­ture golf course, the land was orig­i­nally bought in 1992 by Mac­con with a view to cre­at­ing one of SA’s first golf es­tates.

The nec­es­sary ap­provals were ob­tained and the project kicked off in 1996 with three show houses that could be ac­cessed by a dirt road run­ning through the es­tate.

Soon af­ter the launch of Pe­can­wood Es­tate, Coun­try Heights Hold­ings Ber­hard, a prop­erty devel­op­ment com­pany listed on the Malaysian Stock Ex­change, con­cluded an agree­ment with Mac­con that saw both par­ties as joint ven­ture part­ners in the project.

Since its launch, Pe­can­wood Es­tate has es­tab­lished it­self as a bench­mark for golf es­tates in SA. More­over, the devel­op­ment also served as a cat­a­lyst for tremen­dous growth in the area.

Ten years down the line Pe­can­wood Es­tate ex­pe­ri­ences sea­sonal prop­erty sales with win­ter months ex­pe­ri­enc­ing a drop in sales num­bers. In to­day’s prop­erty mar­ket cli­mate, prices achieved here are be­tween 5% and 15 % be­low ask­ing price, depend­ing on the cir­cum­stances of the seller and the orig­i­nal list­ing price, says Wal­ter van Hal­ter, of Golf Es­tate Prop­er­ties, who is mar­ket­ing this Pe­can­wood home for just over R8m.

“Some sell­ers think val­ues con­tin­ued to in­crease at 8% to 10% over the past three years, but this has not been the case. De­mand is higher for homes be­low the R3,2m mark,” he says.

Van Hal­ter says that while sell­ing prices have been as low as R1,65m in the past year, gen­er­ally en­try-level prop­er­ties are priced from R1,9m to R2,2m here. These homes, which mostly fea­ture three to four bed­rooms, would re­quire some work. The fin­ishes he says, would gen­er­ally be dated at about 10 years old, but the houses would all have a dou­ble garage and most would in­clude a swim­ming pool.

Mid-level homes, on the other hand, would be priced be­tween R2,4m and R3,2 and would fea­ture a newer build­ing style with more mod­ern fin­ish­ing.

“Buy­ers can ex­pect an av­er­age house size of 270m² to 300m² with un­der­floor evap­o­ra­tive cool­ing and a pool.”

Van Hal­ter says there is prob­a­bly a third class in the R3,4m to R6m mark that would in­clude larger stands and dou­ble-storey homes of sizes be­tween 350m² to

The owner’s favourite fea­tures are ease of flow and er­gonomics of a 570m home on one level

460m², with four bed­rooms, two or three garages, staff ac­com­mo­da­tion and a swim­ming pool.

Pe­can­wood’s most ex­pen­sive homes would be those sit­u­ated on stands big­ger than 1 000m² with the house more than 500m².

“These are very mod­ern homes on the water­front and would com­mand prices of R7m up­wards,” he says.

Built in 2007 by Gilda projects, our 570m² fea­ture home is set on a 2 200m² stand with views of the golf course, yet de­signed for pri­vacy. It has four en suite bed­rooms with TV points, while the main suite in­cludes a piped mu­sic sys­tem, a gas fire­place, a pa­tio and un­der­floor heat­ing in the bath­room that leads out to a pri­vate gar­den and out­side shower.

The of­fice, or fifth bed­room, has an en suite bath­room, a pa­tio, and in­cludes built-in mu­sic, TV points and an ADSL con­nec­tion.

The for­mal lounge also leads to a pa­tio and gar­den and has sur­round sound for TV and au­dio, while the din­ing room has a piped mu­sic sys­tem and a gas fire­place. There is a wine cel­lar, a kitchen with Ceasar stone tops, a scullery and fit­ted uten­sil hold­ers.

The liv­ing room is open-plan to the kitchen and has sur­round sound for TV. It leads to the pa­tio, which has a built-in bar fridge, gas braai and a piped au­dio sys­tem.

Other fea­tures in­clude staff ac­com­mo­da­tion, a triple garage, un­der­floor heat­ing, an alarm sys­tem, au­to­mated ir­ri­ga­tion and a home au­to­ma­tion sys­tem.

The owner’s favourite fea­tures of this home are the ease of flow and er­gonomics of a 570m² home on one level.

Van Hal­ter says Pe­can­wood is an ideal prop­erty in­vest­ment be­cause of its beau­ti­ful sur­round­ings, Pe­can­wood Col­lege, and be­cause the roads have been im­proved. The high­way up­grades, have made peak-hour traf­fic-flow bet­ter on to the high­ways.

“This is an area of growth as in­dus­trial ar­eas north of Jo­han­nes­burg and Pre­to­ria ex­pand, and these have made liv­ing at the dam an op­tion. Many peo­ple have more flex­i­ble work­ing hours due to im­proved busi­ness mo­bil­ity.

“In ad­di­tion, the ex­cep­tional se­cu­rity and a low crime rate here is a huge ad­van­tage.”

R8,8m Golf Es­tate Prop­er­ties Wal­ter van Hal­ter 082 901 1940

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