With affordability being a key issue among those looking to purchase a holiday home or weekend getaway, the tranquil lower Vaal River area below the Barrage dam wall is becoming increasingly popular, says Phil Medlock, area principal for Pam Golding Properties.
"Situated on a four kilometre stretch of water which offers superb boating and fishing opportunities, homes in complexes below the Barrage dam wall start at around R1.6 million for a 150sqm three bedroom, two bathroom home, up to approximately R3.9 million for a much larger four bedroom home of around 300sqm which generally would face the waterfront," he says. Vacant land is priced from around R450 000 for a 1000sqm stand to R1.5 million for the same size stand but with direct water frontage.
Medlock says when you consider the convenient access of this area – approximately 60 minutes via the N1 or R59 highways from Johannesburg or Pretoria – coupled with the waterfront appeal and numerous leisure activities, these properties represent sound value for money, whether one is buying a leisure home or looking for a permanent residence within easy reach of the cities.
Currently PGP is marketing seven homes in this area of the Vaal Dam in a secure complex, River Lodge, which has its own slipway, jetties, tennis court, swimming pool/braai area and children's playground, and a tranquil 'bushveld' ambience. "This 35-unit complex is well established with excellent around-the-clock security as well as a manager on site. All the homes are face brick and thatch and ideally suited as a weekend getaway or for those wishing to retire to a riverside setting and country lifestyle," says Medlock.
Prices start at R1.75 million for a three bedroom, two bathroom, fully furnished unit with loft and its own plunge pool – and facing the river, ranging to R3 million for a large five bedroom, double-storey home with outstanding entertainment areas.
He adds: "In comparison to the main river, where standalone homes start at just under R3 million for similar size units, this lower part of the river offers excellent value for money on a quieter stretch of river."
Issued by Gaye de Villiers

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us