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Buyers pay top dollar for luxury homes in Paarl

Top prices continue to be achieved in the historic town of Paarl in the Boland Winelands region of the Western Cape, with buyers acquiring luxury homes in secure estates in the price range up to R10 million and beyond, says Surina du Toit, area manager for Pam Golding Properties.
 

Situated near good schools in a prestigious neighbourhood, this spacious family home in Paarl is priced at R9.5 million through Pam Golding Properties.

“In recent years and following the economic recession, we’ve consistently achieved prices which are an indication of the value the market places on residential property in this sought after area.

Three out of four of the highest prices paid for residential property in town have been concluded by Pam Golding Properties.
 
“For example,” says Du Toit, “in 2010 a modern contemporary home with top end finishes, designer award-winning garden and spectacular views was acquired by a local buyer for R7.65 million; in 2012 we sold a large, older house with large grounds for R8.25 million to overseas buyers for use as a guesthouse. Then towards the end of last year (2014) we sold an old English Manor House with a large garden and within walking distance of schools to a family relocating from a small rural town, who wanted their children to attend school in Paarl. This very appealing property fetched R7.75 million.”


This striking architectural masterpiece in L’Ideal Estate in Paarl is marketed by Pam Golding Properties at R8.5 million.
 
The highest price ever achieved in Paarl was R10.716 million for a spacious residential property, which sold in 2005 and is now operated as a guesthouse.
 
“Properties of this calibre are generating increasing interest and we are seeing homes in this upper price bracket sell more frequently. At present, top end asking prices in the luxury homes market are up to R9.5 million in town and up to R28.5 million in residential estates.

“While we are seeing activity across all price ranges, the bulk of home buyers in Paarl are looking to acquire property up to around the R3 million mark. Purchasers are upgrading or relocating from Northern Suburbs to place their children in schools in Paarl, while we also note that many Gautengers are moving here both because of the good schooling and the attractive lifestyle,” says Du Toit.
 
Steeped in history and with loads of character, Paarl has a unique blend of historic homes and interesting architecture as well as new homes on estates and renovated and new homes in town. “There are also homes available for purchase which can be renovated to suit the buyer’s own individual taste and preferences – a trend which has gathered steam in recent years.  Paarl still offers good value for money compared to other large towns in the region, and has the benefit of excellent government schools like Gymnasium High School, La Rochelle and Girls and Boys High,” she says.


This beautifully renovated historic, Cape Dutch home in Paarl is on the market through Pam Golding Properties priced at R6.95 million.
 
Apart from those buyers who prefer to live in town, gated estates are also popular – the main ones being Boschenmeer Golf Estate, Val de Vie Polo Estate and Pearl Valley Golf Estate. “We also have new estates in town, namely Le Joubert Estate, which is close to Gymnasium High School, and Vredenburg Estate - in close proximity to Boys High School’s sports fields. There are also a number of smaller townhouse estates and smaller home gated estates in Paarl.”
 
Currently Pam Golding Properties is marketing a number of interesting and contrasting upmarket properties.  The first is an ultra-modern architect-designed home with both striking modern lines and soft curves, natural wood and huge expanses of glass. Overlooking the Drakenstein Mountains and adjacent to the fields of Girls’ High School – with direct access via the garden gate , this, 600sqm, six bedroom home is situated in exclusive L’Ideal Close Estate, a very small estate with controlled access and comprising only 22 erven in total. Open-plan living areas flow onto a spectacular pool deck, while other features include an indoor braai area, air-conditioning, under-floor heating and full staff quarters.
 
“While a modern ‘work of art’, this is a very practical and comfortable space, warm and inviting as a family home or for those who like to entertain regularly,” says Du Toit. This luxury home is priced at R8.5 million. “Not many houses come onto the market in this highly sought after location – we sold another top end home in L’Ideal Estate about three or four years ago,” she adds.


Situated in Zomerlust Estate in Paarl, this charming Cape Dutch style home is marketed by Pam Golding Properties at R7.5 million.
 
Another property available for purchase is located in Zomerlust Estate. “It is not often one comes across a property such as this, it is a very pleasant surprise,” says Du Toit. Situated on a double plot with a large beautifully maintained garden and large swimming pool, this lovely new Cape Dutch style, thatch home presents a character-filled ambience, with double volume, open plan lounge and French doors opening onto an undercover patio, rim-flow pool and enchanting private garden.
 
With three bedrooms – including spacious master bedroom in a private wing with en suite bathroom and upstairs study area, special features include state of the art security with French shutters on the outside and motorised roller shutters on the inside, solid oak floors and a well-appointed farm style kitchen with separate scullery. All windows and door frames are made from Iroko wood, a West African hardwood. Offering scenic views and private secluded living in the heart of Paarl, this property, which also includes a guest suite, is priced at R7.5 million.
 
Du Toit says a rare find currently available for purchase in Paarl is a historic, Cape Dutch thatched home built in 1841 which was recently renovated to suit modern living. Set on an erf of 3150sqm, the home comprises four bedrooms (main en suite with separate dressing room), open plan living areas, study, large verandas, housekeeper’s quarters and breathtaking views of the Paarl Mountains. It includes a wood kitchen, wood windows and various security features and is priced at R6.95 million.
 
“For the family buyer, a secure spacious home with four bedrooms (two en suite) on a plot of 2080sqm is on the market in a prestigious neighbourhood close to leading schools. It has excellent flow from the open plan living areas to a large undercover patio and pool, well-equipped kitchen ideal for entertaining and master bedroom with gas fireplace and opening onto a private patio and Jacuzzi. The two children’s bedrooms share a full bathroom and the guest suite on the lower level also opens onto the garden. There is also a study leading onto a private patio. With every convenience for modern living, this property is priced at R9.5 million.”


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