Prime development land available

Some prime-located development opportunities have presented themselves in the popular Vaal Dam and upper Vaal River areas.

With developers gradually re-entering the marketplace, coupled with renewed interest and uptake among leisure home buyers and an ever-increasing demand for retirement properties situated in scenic surrounds, some prime-located development opportunities have presented themselves in the popular Vaal Dam and upper Vaal River areas, says Phil Medlock, Pam Golding Properties area principal.

“The Vaal Dam is currently generating a notable surge in interest among home buyers, evidenced by a dramatic increase in our sales in the area since September last year (2011).

“These sizeable properties which have become available are ideal for a developer with vision to take forward. The first of these, with which I have been involved for over four years, is River Home Estate, comprising over 220ha and with more than 5km of Vaal River frontage. With all approvals in place as well as service agreements, the timing is now right for this project to come to fruition.

“Situated about 45 minutes from the Vaal Triangle and 60 minutes from the East Rand, the asking price for this property is R20 million. Incorporating 124 residential erven as well as five stands which have group housing rights for up to 30 dwellings per site, this well positioned property is highly suitable for the establishment of a retirement village. Given that two years ago we valued this property at R35 million, this represents outstanding value for money, with sound investment potential,” says Medlock.

He says one of the main benefits of the River Home developments is that the five group housing stands – which have been earmarked for a possible retirement village – fall within the larger estate and would as a result enjoy all the development has to offer in terms of security, walking, boating etc. “It would provide residents of the proposed retirement village with the opportunity to live in the country but still close to major towns such as Benoni, Vereeniging and Heidelberg, all less than 60 minutes’ drive. With the high demand and shortage of such villages in the great Johannesburg area, this could definitely have high appeal especially if the extended family decided to invest in River Home Estate,” says Medlock.

River Home Estate is located adjacent to the appealing town of Villiers, steeped in history and gateway to the Eastern Free State towns such as Frankfort, Bethlehem and Clarens among others, and Golden Gate National Park. The estate incorporates unspoilt grasslands and allows for free movement of small endemic game in the wide open spaces and among the residences.

Medlock says the second property is an un-zoned 300ha farm with 3.5km of Vaal Dam waterfront.

“This is also located in a prime position, bordering the successful Peninsula wildlife development. As the latter comprises approximately 200 two hectare stands with 100m of waterfront each, obtaining development rights for a minimum of 24 stands on the farm seems very feasible. Only a 15 minute drive from Deneysville and five minutes by boat this property would also suit an affluent investor seeking the ultimate lifestyle farm. With an asking price of R18 million, this is the very last farm of this nature situated so close to the town of Deneysville,” he says.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 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.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us