select
|

Sustained demand at Welgevonden Estate

Welgevonden Estate on the northern edge of Stellenbosch is enjoying sustained demand from buyers seeking a secure, family-friendly lifestyle. Located at the foot of the Simonsberg Mountains, the estate is one of the largest residential developments in the country, occupying nearly 95 acres and incorporating just over 950 erven. 



Pam Golding Properties (PGP) reports that residential property sales on the estate have been among the most active of all areas of Stellenbosch over the past few years – and the trend is continuing into 2013.

Established in 1998, the estate is now fast approaching maturity, with only 25 properties still vacant. The remainder have been attractively developed with a mix of freehold homes, ranging from compact two-bedroomed houses to larger family homes with four bedrooms and double garages. Plot sizes range from 144sqm to around 250sqm, although a few properties occupy erven of over 300sqm. Pricing for completed homes spans from R1.2 million for smaller starter homes to just under R3 million at the top end of the market. The few remaining vacant erven are typically around 180sqm in size and priced from R540 000 to R990 000.

Lightstone statistics indicate that Welgevonden Estate has enjoyed some of the highest turnover in Stellenbosch, both on unit sales and rand value, over the past few years. Forty-six property transfers were registered between January and May 2013 alone (These figures include sales by all agencies.) PGP agents Dirk Carstens and Sheldon Rogers say there has been particularly high demand from first-time buyers attracted by the affordable pricing, especially for the smaller homes priced in the vicinity of R1.2 million. “Other buyer categories include families wanting a safe environment in which to raise their children – especially those relocating from upcountry provinces specifically due to security concerns,” say the agents.  “We also see a number of sales to existing Welgevonden residents who are up-scaling as their circumstances improve and their families expand, or down-scaling after their children have left home.  This movement within the estate is a sure indicator of the appealing lifestyle on offer – residents simply never want to leave.”



Investment buyers also show a strong appetite for homes in Welgevonden Estate, given the sustained demand for property sales as well as rental opportunities.  Affordable pricing and above-average price growth add to the appeal – the estate achieved house price growth of around 16 percent from 2011 to 2012, while the average price for the past six years (2007 to 2012) was a healthy 10 percent. (Source = Lightstone)

Security remains one of the estate’s key selling points, with a state-of-the-art system including two biometric access-controlled entrance points, electric perimeter fencing and round-the-clock security guard patrols.  This network enables residents to enjoy a relaxed, community-focused lifestyle, making the most of extensive green areas and parks with picnic tables, pedestrian byways and even a dam for fishing and rowing.  Panoramic views of mountains and vineyards provide an ideal backdrop for jogging and walking, and for communal events such as Carols by Candlelight.

Another huge draw-card for residents is the presence of an on-site shopping centre, opened in 2010.  Stone Square offers convenient shopping and entertainment facilities, including a Spar, Curves gym, coffee shop and takeaway outlets, as well as a laundromat, auto clinic, music school and other small businesses.  PGP’s area manager for Stellenbosch, Louise Varga, says the result is that residents hardly need to leave the estate.  “They can eat, shop, exercise and even have their car repaired, all within a few hundred metres of their home.  There are wholesome outdoor activities on their doorstep for the entire family to enjoy together. Furthermore, central Stellenbosch with its network of superb schools, medical facilities and work opportunities is just down the road, while some of the country’s finest restaurants and wine farms are only a few minutes’ drive away.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 21 Feb 2018
      These days most buyers are using online property portals like Private Property when house hunting due to the convenience, up to date information and variety on offer. “The property portals have revolutionised the way buyers shop, but they do need to be cautious – viewing photos online is no replacement for viewing the property in person,” says Bruce Swain, CEO of Leapfrog Property Group.
    • 20 Feb 2018
      Owning a home is a milestone that most South Africans aspire to. Becoming a homeowner is a step towards growing personal wealth and owning an asset that appreciates in value over time, provided of course that the correct principles are applied during the buying stage of the process, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Feb 2018
      The suburb of Greenstone in Johannesburg east came to be over the last two decades. “In the beginning, it was literally just a hill with not so much as a shopping centre,” says Michael Levy, Property Consultant at Jawitz Properties Bedfordview. Today it has plenty shopping facilities and is fully built, boasting high-density, upmarket housing and residential estates, though still has a few pockets poised for commercial development.
    • 20 Feb 2018
      A major shift in the ageing paradigm has precipitated an equally dramatic transformation in the retirement sector, with modern accommodation options worlds away from the conventional model.
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
    • 19 Feb 2018
      Situated approximately halfway between Johannesburg and Pretoria, Midrand was established in 1981 and forms part of the City of Johannesburg Metropolitan Municipality. It has become one of the major business hubs in the country with major pharmaceutical, textile, telecommunication and motoring giants situated within its boundaries.
    • 19 Feb 2018
      The PayProp Rental Index Annual Review of 2017 shows that the rental market suffered from much volatility during the year. It kicked off with rental growth spiking in January with weighted year-on-year growth (YoY) growth peaking at 8.3% before dropping to 6.34% in July, dipping down to less than 5% in November and then experiencing a slight uptick at 5.75% in December.
    • 19 Feb 2018
      While most homes in cluster complexes, estates and other gated communities come with at least one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.
        
    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