Resurgence in Vaal Dam’s leisure market, particularly vacant stands

In recent weeks the Vaal Dam office of Pam Golding Properties (PGP) has reported a marked increase in sales, with eight sales concluded in August (2013) alone. 

Phil Medlock, PGP’s area principal says this represents a 60 percent increase in unit sales compared with August 2012.

“This indicates a resurgence of confidence in the second homes market and significantly, the return of buyers of vacant land. Five of these recent sales were stands ranging in price from R75 000 for 2 000 square metres up to R950 000 for two hectare plots in the recently launched Ambermere Estate on the Vaal Dam.  Stands in Ambermere Estate range in size from two hectares with 100 metres of waterfront and are priced from R750 000.”

This appealing three bedroom log home on a double stand on the Vaal River is priced at R2.95 million through Pam Golding Properties.

Medlock says the last two stands in Deneysville, which have uninterrupted water views, also recently sold for R430 00 for a 680 square metre sub-divided stand and R575 000 for a stand measuring just under 2 000 square metres.

“The trend of buying property in winter to enjoy in the summer has also seen the sale of a R2.6 million holiday home in the Penninsular Estate, an established residential estate situated between Oranjeville and Deneysville.

“All these sales have been to buyers from the greater Johannesburg area who are looking for a country getaway in a safe environment and with an easy drive of the city. With over 1 000km of shoreline and host to numerous yacht clubs, the Vaal Dam is a water sport enthusiast’s paradise.”

He says prices start at around R650 000 for a three bedroom, two bathroom home – some with views, to over R2 million for waterfront homes ranging from three bedrooms and two bathrooms and also with their own private waterfront with slipway and jetties. Vacant land is priced from just R80 000 for stands of about 1 800 square metres and situated away from the water. This means that there are properties here to suit everyone’s pocket and requirements, says Medlock.

He adds that the upper Vaal River situated just below the dam wall is also popular. “Currently we are marketing an exceptionally appealing three bedroom, log home on a double stand with spectacular views over the Vaal River. Priced at R2.95 million the property is sold fully furnished and includes a boat and various other ‘toys’ to enjoy on the river.

“Further downstream – an area popular with those who enjoy fly fishing, is a two hectare serviced vacant plot with 85m of river frontage, ideal for fishing, and priced at R800 000,” says Medlock

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