Building commences at Brandwacht On River

Building has commenced at Brandwacht on River, the new secure lifestyle development located on the banks of the Brandwacht River in Stellenbosch.

Launched to market by Pam Golding Properties (PGP) in late 2010, the development sold remarkably quickly, with over 100 of its total 120 erven being snapped up in the first three weeks.  Transfer took place in November last year (2011), and several of the plots have already been re-sold, with owners earning a tidy profit on their initial investment.  There are now just eight erven still available for purchase.

PGP’s project manager for the development, Louise Varga, says all services and roads on site have been completed, and construction has begun on the first few homes.  Numerous other owners have submitted their plans and are awaiting approval to commence building.  “Owners are working within attractive architectural guidelines which will ensure a cohesive appearance for the estate, using a palette of natural colours which blend harmoniously with the environment,” she says.

“The Brandwacht River runs the length of the entire development,” Varga continues, “creating a backdrop for extensive common areas including lawns for children to play on, as well as walkways and bridges for all to enjoy - all of this, within a secure perimeter protected by electric fencing.  It is no surprise that buyers to date have included a number of families with younger children, as well as couples wanting to downscale from existing Stellenbosch homes now that their own children have grown up.  There has been widespread recognition of the quality of lifestyle on offer in this development, as well as the benefits of living so close to the town of Stellenbosch, with its rich history, renowned educational facilities and wealth of sports and cultural activities to enjoy.”

PGP’s MD for the Boland and Overberg regions, Annien Borg, says it is extremely rare to find vacant land located so close to the centre of Stellenbosch.  “For those who enjoy the view of the mountains, and who want to live in a safe, tranquil and attractive natural environment, yet still be within reach of the town’s amenities, this is the ideal home,” she says.  “As a result, the development sold extremely quickly in the early phase, and has already seen excellent return on re-sales.  For example, of those owners who took transfer in November 2011, one re-sold a 487sqm plot bought at R995 000, for R1.22 million.  Another sold a 632sqm plot bought at R1.6 million, for R1.75 million.  Our most recent re-sale saw a 556sqm plot bought for R1.4 million, sold last month (February 2012) for R1.52 million.  That’s growth of between eight and 22 percent, within just one year.”

Varga says the remaining eight erven range in size from 628sqm to 999sqm, and are all located above a dam, with scenic mountain views.  Prices range from R1.7 million to R2.75 million, inclusive of VAT.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 22 Jun 2018
      The rental market in many Johannesburg suburbs has shown encouraging signs of revival this year but it remains a competitive market and landlords who best cater to their market’s needs will reap the healthiest returns.
    • 22 Jun 2018
      Home design is constantly evolving to reflect the changing needs of society. We look at some of the ways in which our use of space is changing.
    • 22 Jun 2018
      While estate agents can help the seller with correctly pricing the property and marketing a property to the right pool of potential buyers, at the end of the day it’s the impression that the property will make on buyers that counts the most.
    • 21 Jun 2018
      Anyone who’s ever been involved in a building project that’s gone wrong will appreciate the importance of adequate insurance cover in the construction industry.
    • 21 Jun 2018
      A recent news story about a blind tenant caught in a legal battle with his body corporate over letters and notices he was unable to read and consequently comply with has raised the question: what are the legal obligations for landlords with disabled tenants?
    • 21 Jun 2018
      A trend that’s taken the world by storm in recent years is that of hygge (pronounced: hue-guh), a Danish concept that is about creating intimacy, connecting with loved ones and taking pleasure in small, ordinary things.
    • 20 Jun 2018
      Buying or selling real estate isn’t as easy as it is portrayed sometimes, especially if there is a death of a party during the transaction which can make it awkward, tricky and inconvenient.
    • 20 Jun 2018
      With interest rates remaining at historic lows and banks continuing to compete for mortgage finance business, first-time buyers with funds at their disposal are currently well-placed to gain that initial foothold on the property ladder, particularly in the light of the slightly lower growth rates currently experienced in residential property values.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us