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VAAL RIVER AREA BELOW THE BARRAGE INCREASINGLY POPULAR AMONG HOME BUYERS

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


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