Discerning buyers now flocking to Waterfall

The Waterfall development in Midrand is steadily reshaping the skyline between Sandton and Pretoria and continues to capture the imagination of prospective residents with its visionary urban planning.

Chas Everitt International is marketing this four-bedroom, four-bathroom home in Waterfall Village in Midrand for R5,7m. It also has three reception rooms, a separate study and staff quarters as well as a double garage.

“Buyers looking for high-end properties, especially, are delighted with the lifestyle offering of the Waterfall Country Estate and Village, which has been designed to give residents a sense of personal freedom and safety,” says Phiwe Myeza, co-owner of the Chas Everitt International franchise in Midrand.

“Security is state-of-the art in this estate, with CCTV and access-control systems, and parents can have peace of mind when their children walk to the private school right at the gate.

“The development, where we are currently marketing several homes, also has a large clubhouse with a restaurant and full gymnasium, as well as 37km of walking and cycling trails. The Waterfall Corner shopping centre is next door and there is a Netcare private hospital close by in the greater Waterfall precinct.”

What is more, she notes, the “earlybird” investors in Waterfall have seen the value of their properties increase by about 200% since the launch of the estate. “And due to the high demand, we can confidently predict that properties here will continue to show excellent growth.”

Developed in accordance with the principles of ecological sustainability and “green living”, the Waterfall precinct today offers buyers a range of different residential options, including vacant stands and family homes, sectional title apartments, retirement units and multimillion-rand mansions in an equestrian estate.

Once completed, it will also contain the Waterfall City business centre where the new head offices of PriceWaterhouseCoopers, Hilti SA and Stryker are already under construction; the Tintswalo hotel, spa, restaurant and conference facility; a Gautrain station and the massive Mall of Africa retail development.

Prices for residential properties start at around R2,5m for a 1000sqm vacant stand; around R2,85m for a two-bedroom, two-bathroom home in a retirement village and around R4m for a three-bedroom family home. A new, more affordable development named Waterfall View that is now under way offers two, three and four-bedroom homes at prices from around R600 000. 

Meanwhile, says Myeza, buyers keen to live in Midrand because of its central location in relation to Johannesburg, Sandton, Centurion and Pretoria also have a choice of several other gated developments, including Kyalami Estates, Carlswald Estate, Montecello Estate, Savannah Hills and Crescent Wood.

“Cluster homes in these upmarket estates are still in high demand, as are middle-income sectional title and freehold units in new developments. Generally these new units are available at prices from R660 000 and R2m.”

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