Hartbeespoort Dam - properties becoming more popular

Lively demand among commuters is boosting the residential property market around the scenic Hartbeespoort Dam in North West.

5 Bedroom House for sale in Xanadu, Hartbeespoort

The area is becoming increasingly popular among homebuyers who work as far afield as Pretoria, Rustenburg, Randburg and Sandton, as well as in neighbouring Brits, says Gerhard Visser, who recently opened the Harcourts On the Dam estate agency.
"The dam is far enough from cities to offer a superb lifestyle in exceptional surroundings, yet close enough to make a daily commute to places of work feasible and allow residents to spend their weekends in holiday mode," he says.
A diverse market offers buyers a wide choice, from entry-level units right through to luxury waterside homes in exclusive estates such as the signature Pecanwood. Entry-level prices range between R850 000 and R950 000, depending on the property's size and location, while prices of non-leisure homes with three bedrooms average R1,48m. Home prices across all categories average R2,8m, says Visser.
Strong demand is currently especially evident in the suburb of Melody because of its proximity to schools and shopping facilities, and in the perennially popular Schoemansville, where new businesses are fast taking root. Prices in these areas mostly fall in the R1m to R1,5m price range.
The residential rental market is also lively and strong demand for three-bedroom homes with monthly rentals of up to R9000 is now leading to stock shortages.

5 Bedroom House for sale in Birdwood Estate, Hartbeespoort

Harcourts on the Dam has also been awarded a mandate to market stands and homes in the Lelokolifestyle estate next to the Magalies Park resort on the northern shores of the dam. This offers full access to the waterfront and is home to several species of small game, says Visser. It is also bringing new units to the market at affordable prices.
Stands are available from as little as R270 000, right up to R1,2m for large stands right on the shore, and plot-and-plan home packages are being offered from R1,2m for 144sqm homes with three bedrooms (see picture). Prices of top properties in phase five of the development will average R2,6m for 300sqm homes with four bathrooms on stands ranging from 900sqm to 1400sqm. Prices include transfer costs.
Visser adds that the new Harcourts agency has made a quick impact on the local market, to such an extent that it has grown from a two-man team to a complement of eight agents in just six months. "This has necessitated a move to larger premises in Hartbeespoort's main road, which will also give us greater visibility."

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