Boland Residential Property Prices Break the R20m Barrier

A steady increase in both demand and Rand value in the Boland property market in recent years has seen the area join the elite trophy home club, with sale prices in excess of R20 million now being realised for single erf, standard homes.

This large home on the secure Erinvale Golf Estate, designed with large-scale entertainment in mind, has several public rooms that spill out onto an extensive covered patio. The three-bedroom, four bathroom house also has two self-contained apartments for guests, both with access to the garden. The property is on the market for R21.95 million.  

Mrs Chris Cilliers, Winelands Principal of Lew Geffen Sotheby’s International Realty says that most of these sales have been on security estates, which reflects the current market trend for exclusive security estate and lifestyle living.

Cilliers says that in the past year three sales have been concluded above R20m, all of them on secure estates in scattered across the Winelands. The most recent was a Lew Geffen Sotheby’s International Realty sales at Pearl Valley Golf Estate in Paarl for R22.5m. 

“In May last year another property of 867m² at De Zalze Golf Estate in Stellenbosch fetched R21.55 million at just over R24 000m² and in August a property sold at Erinvale Golf Estate in Somerset West for R23m. This was a larger erf, at 2 417m².”

Lew Geffen, Chairman of Lew Geffen Sotheby’s International Realty says: “While the Winelands has mostly been regarded as a leisure destination, this scenic region is attracting increasing interest from professionals looking to de-urbanise. The main market is buyers from Cape Town and Gauteng seeking a more secure lifestyle for their families as well as retirees wanting move away from the hustle and bustle of the city.”

“Exclusive estates like Pearl Valley and De Zalze are particularly popular with professionals and families seeking a more relaxed and secure lifestyle, and the standard price of many of the more spacious homes on these estates are increasingly edging toward the R20m or over mark.”

Cilliers says that there were 13 sales at De Zalze Golf Estate in 2013 and 2014 in excess of R10m, with most being between R13m and R18m; prices previously only realised for small-holding sales, not single dwellings on standard-sized erfs.

“At Erinvale Golf Estate, Pearl Valley and Winelands Estate on Paarl Road, a large number of sales for the same period were also in excess of R10m, the highest being R23m.”

With most Boland towns are situated no more than 30 minutes from Cape Town International Airport and 45 minutes from the Cape metropole, they offer all the lifestyle benefits of small town living yet all the amenities of the city are only a short drive away.

Cilliers says that many families opting for this lifestyle have parents who commute to Cape Town daily so the convenience factor of being so close to the city allows them to raise their families in country surroundings, enjoying an outdoor lifestyle and safe environment where children can still play outdoors safely.

“It’s also a preferred destination for the so-called “swallows” who like to follow the sun and leave Europe during the winter months, heading for the sunny climes of the Western Cape.”

The area boasts an excellent educational heritage and is home to many of South Africa’s top schools such as Paarl Boys and Paarl Girls High and Paarl Gymnasium along with Paul Roos and the University of Stellenbosch.

The Boland is particularly popular with people looking to live away from the city because it lies in the heart of the beautiful Winelands, offering a small town pace and myriad activities for sports and outdoor enthusiasts, with most facilities being right on the doorstep.

Cilliers says the value of real estate in the Boland in general is climbing steadily, but homes on security estates are currently the prime investment to realise good returns in the next five years.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 22 Mar 2018
      The 1% VAT increase which is set to take effect as of 1 April 2018 has set the country alight with many burning questions, most of which cannot be comprehensively answered by our knowledgeable friend Google.
    • 22 Mar 2018
      The picturesque and oft-misty town of Dullstroom in Mpumalanga belies its name. Judging by the rapidly increasing influx of weekend visitors, many of whom then look to acquire property here, it’s anything but dull, quips Anton Greeff, Pam Golding Properties area principal.
    • 20 Mar 2018
      Located close to the fast growing Fourways precinct, Dainfern continues to attract local and international interest from buyers seeking a secure lifestyle with affordable entry price of approximately R3 million.
    • 20 Mar 2018
      Property owners in the Durban CBD are addressing the affordability challenge that faces many prospective tenants in their area – and reconfiguring the inner city rental market in the process.
    • 20 Mar 2018
      One of the most misunderstood concepts in the process of selling a property is an exclusive or sole mandate.
    • 19 Mar 2018
      If a landlord opts to use a managing agent for the rental of his or her property, the inspection process can be easier as the agent is not emotionally involved and will certainly have concluded an in-depth inspection report in the interests of all parties.
    • 19 Mar 2018
      We all wish we could have the cheat sheet for selling a property – a simple Ctrl+Shift+C code that will magically secure an offer on your home in an instant. Though it is not possible to provide you with this cheat code (sadly, reality does not come with such perks), it is possible to provide you with a list of the most common blunders some of your neighbours have committed in their efforts to sell their homes
    • 19 Mar 2018
      Although property technology is now widely accepted as an established trend, especially in the international real estate arena, the industry has been cautious to advance and smaller markets like South Africa are still hesitantly dipping their toes in the water.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us