select
|

Excellent property value in highlands of Mpumalanga

From modest weekend getaways to large maize and cattle farms, there are property investment opportunities aplenty in the rural towns all along the Maputo Development Corridor in Mpumalanga.

“And economic uncertainty in the region has created a buyers’ market, with an abundance of farms, smallholdings and weekend homes to choose from in towns like Belfast, Dullstroom, Machadadorp and Waterval Boven,” says Francois de Villiers, owner of the RealNet franchise in Belfast.



“We are feeling the effects of the general economic slowdown. However, this always brings with it opportunities for investors who can acquire prime real estate at ‘bargain basement’ prices.”

He says entrepreneurs are currently already taking advantage of the chance to snap up multimillion-rand eco-tourism and farming properties, and that in Machadodorp, which boasts the oldest trout-fishing club in the country, many of the modest cottages are now owned by top business leaders who visit on weekends to “get away from it all”.

An important cattle and maize farming region, the highlands of Mpumalanga also has many established farms with boreholes, irrigation water rights and Eskom electricity. “And many farmers are ready to retire at the moment, making way for a new generation of younger farmers at very favourable prices. For example, we currently have a 78ha farm, including livestock, implements and a homestead, on the market for only R3,7m.”

As for eco-tourism opportunities, De Villiers says another value for money property currently on the market is an established eco-tourism business on a 217ha farm in the Schoemanskloof area with river frontage, swimming pool, lapa, four bedroom house and potential for game farming, priced at R5,4m.

“We also have a 50ha farm near Bambi in the Badfontein area, overlooking the Kwena Dam, for sale for only R1,4m. Slightly more pricey is the 57ha farm with homestead, outbuildings, Eskom electricity and three separate fishing and camping camps, which is on the market for R2,99m.”

Also available now, he says, is a 107ha farm with business rights that forms part of an incomplete “green” development with seven springs, two boreholes and five dams. It has been subdivided into 24 stands each measuring three to five hectares and is priced at R6,6m.”

If buyers would like to build their own weekend homes, vacant residential stands overlooking the rolling hills are available for as little as R99 000. “And if you just want a basic weekend getaway, you can purchase a two-bedroom wooden cottage on a stand of 2855sqm in Belfast for as little as R275 000.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
    • 15 Feb 2018
      One positive consequence of the financial crash in 2008 was the rise in consumerism, especially in the property market, where buyers have steadily become more knowledgeable and more value conscious.
    • 15 Feb 2018
      While most homeowners will take the agent’s commission into consideration when they are trying to determine what the will get out from the sale of their property, many often forget to factor in the other costs involved in a home sale, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news. Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it’s a double-edged sword as the market also will come under increasing pressure from factors like declining disposable income levels.
    • 14 Feb 2018
      While you may not have intended to place your home on the market, what do you do if you receive an unexpected offer on your home? In areas where demand outweighs the current supply of homes available to buyers, it is not unheard of to have buyers make offers on homes that aren’t on the market, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      If you are looking to sell your home this year, Debbie Justus-Ferns, divisional manager of Renprop Residential Sales, says that there are five crucial things to do before the ‘for sale’ sign goes up.
    • 01 Feb 2018
      February is the month of love and to celebrate we will be posting about all the things we love this month. Follow the #MyPropertyLoves hashtag to keep up with our favourite things.
    • 01 Feb 2018
      After saving up and months of searching for the right home, applying for a bond and patiently waiting for the keys to the front door, it is finally time to cross the threshold and move into your new home. Now what?
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK