CroYdon Wine and Olive Estate a huge hit with buyers

The CroYdon Wine and Olive Estate located on Old Main Road on the edge of Somerset West is proving to be a huge hit with local Capetonian and Johannesburg buyers says Seeff agents, Claudine Wheeler and Gerhard van Deventer.

In under a year, 45 plots, most with building plans and 10 completed homes have sold to a mix of local, Johannesburg and international investor buyers at prices of between R550, 000 for a plot and R2,6 million for a completed home.

Plots priced between R560,000 and R660,000 have sold to buyers from Belgium and the Netherlands. A mix of Johannesburg investors and buyers relocating to the city have snapped up 8 plots, priced from R550,000 to R800,000 for 780sqm, most with building plans for homes priced up to R2,65 million. The remaining 34 plots sold to local Capetonian buyers, many from the Northern Suburbs and even Camps Bay say the agents.

Capetonian buyers also snapped up completed homes priced up to R2,6 million for a three-bedroomed home with a study, swimming pool and double garage. An expat based in Qatar also acquired a three bedroomed home here for R2,27 million while three Gauteng buyers bought homes priced between R2,2 million and R2,5 million.

The agents attribute the buoyant sales to the fact that the estate offers an affordable winelands lifestyle. Out-of-town buyers are drawn here not only for the tranquil surroundings, but also the security and close proximity to the airport, city, beaches (which are a mere ten minutes away) and the facilities such as shopping, medical, schools and wine farms that are literally on the doorstep.

CroYdon is the first working wine residential estate in the country and produces an award-winning red wine under signature of Beyers Truter of Beyerskloof. Aside from living amongst vineyards with stunning views of the Helderberg Mountains, owners own a share of the winery and get an annual allocation of the wine produced on the farm.

The estate comprises 43 hectares with over 200 properties. Stands are 780sqm in extent and sell for around R600,000 depending on location while completed homes sell for around R2,6 million depending on size and finishes.

The estate has a lifestyle centre with a gymnasium, swimming pool, restaurant, wine cellar and events venue, a children's' playground and wine and olive tastings and festivals along with other monthly family activities says Wheeler who is also a resident here. There is a real community feeling here and residents get to enjoy outdoor activities such as walking along the estate dams that attract birds, ducks, geese and fish eagles.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 24 Nov 2017
      Demand for secure estate living in Hout Bay has risen sharply in recent years, precipitating a spike in development with estate homes now accounting for 20.24% of the property landscape with the launch of an exclusive new gated development on 26 November adding 20 more units to the existing 1250 estate homes.
    • 24 Nov 2017
      There are some things that money can’t buy – spectacular views from Mouille Point to the V&A Waterfront and a trendy and lively neighbourhood that encapsulates the very best of the Cape Town lifestyle.
    • 24 Nov 2017
      Tshwane’s four-bedroom Mayoral mansion, nestled among ambassadorial residences in the upmarket suburb of Muckleneuk, fetched R5.1 million after spirited bidding at High Street Auctions’ final sale of the year.
    • 23 Nov 2017
      Reserve Bank Governor, Lesetja Kganyago, said that the Monetary Policy Committee had once again decided to let the interest rates remain unchanged with the repo rate at 6.75%, and the prime lending rate at 10.25%.
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us