select
|

Mainly cash buyers snapping up leisure farms in scenic Dullstroom

Renowned for its fly fishing and scenic mountains, the picturesque town of Dullstroom in Mpumalanga is seeing renewed interest in property in the area, including leisure homes and farms, reports Elisme Swart, Pam Golding Properties’ (PGP) area principal.

Situated on the R540 en route to Lydenburg and near Belfast, the village of Dullstroom is approximately 140km from Nelspruit and some 270km and 240km from Johannesburg and Pretoria respectively, making it accessible to major centres.

Comments Swart: “Our market has definitely experienced an upturn in enquiries from buyers, particularly over the past several months. Seasonally, winter is a time when interest in acquiring trout farms runs high, as the trout are extremely active in the colder waters, which enables potential buyers to see the true strength of the water on the property. Naturally, this is also a time when the sport of trout fishing is extremely popular, with visitors revelling in the fresh cold air, with a cosy fireplace and perhaps a glass of red wine making this a further compelling reason to visit Dullstroom.”

Recent sales by PGP include a 536 hectare trout and game farm which sold for R7.6 million and a 14.67 hectare holiday farm including an exclusive home which was sold for R7.2 million to the same purchaser. The latter property is now the new owner’s permanent residence, while the larger farm is to be used for cattle farming. In addition, a 23 hectare holiday farm – let on weekends for holiday visitors – was sold by PGP for R2 million, while a house on the 1020 hectare Teal & Trout Country Estate was sold for R1.55 million. Fully game fenced and with 18 dams, this country estate has only 40, one hectare, full title stands in total, making it a tranquil, prime getaway destination. These stands are priced from just R300 000.

Says Swart: “Vacant stands on gated estates and single erven in Dullstroom are currently available at extremely competitive prices. At Highland Gate Golf & Trout Estate stands range from 800sqm in size and are priced from R300 000, at Walkerson’s Estate, just 9km outside Dullstroom, stands ranging from 890sqm in size are selling from R695 000, while single erven from 800sqm upwards which are dotted around Dullstroom are selling from R220 000 to R550 000.

Commenting further on the market Swart says: “Our high end buyers are mostly those able to make cash offers, picking up good buys which offer sound value in the current economic climate, as they perceive that the market in Dullstroom is beginning to recover. The bulk of our buyers are purchasing for their own use - those in search of their dream holiday farm; a peaceful and quiet place to relax and enjoy a weekend or holiday with family away from the rush and bustle of city life. Apart from its scenic appeal, the small town of Dullstroom is only two hours from Johannesburg, making it an ideal getaway location.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 23 Feb 2018
      RE/MAX Property Associates’ Table View Office, which services property buyers and sellers along the Table Bay coastline and surrounds, has recently sold a home in Woodbridge Island for R11 million – the highest price paid for any home in the sought-after security complex.
    • 23 Feb 2018
      Choosing to invest in an overseas property can be daunting. But as more and more investors recognise the value of a diversified portfolio that includes property outside of their own country of residence, international property investment is growing in popularity.
    • 23 Feb 2018
      The positive change in South Africa’s political landscape is paving the way for an upswing in the local property market.
    • 22 Feb 2018
      An excellent credit score is one of the most priceless assets a potential home buyer can have. This tool has the power to secure favorable mortgage and refinancing rate, influencing everything from the size of the loan repayment to the interest rate on the home loan.
    • 22 Feb 2018
      What do you do if you love your home’s location and the area, but the home no longer fits your growing family’s needs? Do you stay and renovate your existing home or find a home that meets your developing criteria?
    • 22 Feb 2018
      While every owner wants to sell their property at the best possible price, overpricing a home can be the kiss of death for a sale.
    • 21 Feb 2018
      Given the hand they were dealt, government has performed a delicate balancing act which it is hoped will serve to reignite confidence in investment in South Africa, regain our global credibility and satisfy the credit ratings agencies, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
    • 21 Feb 2018
      The real estate mantra, ‘location, location, location’ remains a strong market influence regardless of the prevailing economy, with suburbs like Rondebosch enjoying the buffering benefit of being ideally situated.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK