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Brisk sales activity at Welgevonden

Welgevonden Estate outside Stellenbosch continues to see steady demand for secure family homes, with sales activity outpacing that of surrounding suburbs in the first months of 2014.


An Aerial shot of Welgevonden Estate

Pam Golding Properties (PGP) reports that there have already been 26 sales on the estate this year, with an average price of R1.7 million. The bulk of activity has been in the price range from R1.55 million to R1.85 million. (source – Lightstone, January to May 2014, sales by all agencies)
 
PGP’s area manager for Stellenbosch, Louise Varga, says Welgevonden is one of the largest secure residential estates in South Africa, occupying close to 40ha at the foot of the Simonberg Mountains, some 3.5km north of the centre of Stellenbosch. “This picturesque setting affords most properties panoramic views of the surrounding mountains and vineyards,” she says, “and is within easy reach of all major amenities in the town. Given this ideal location, it is no surprise that the estate is in high demand and shows ongoing steady turnover of properties.”
 
The estate enjoys state-of-the art security including biometric access control, electric perimeter fencing and 24 hour guard patrols.  As a result, residents are able to enjoy its extensive green belts, parks, dams and jogging paths with peace of mind.
 
Welgevonden includes just over 950 erven, of which only about 20 are still vacant. Those available for purchase range from R635 000 for a 144sqm erf to around R800 000 for 200sqm. Completed homes range from compact two-bedroomed starter homes priced around R1.4 million, to larger family homes with three or four bedrooms and double garages, which can fetch anything from R1.75 million to R3 million at the top end of the market.
 

This lock-up-and-go home in Welgevonden Estate is on the market exclusively through Pam Golding Properties, priced at R2.75 million. The three-bedroomed home has lovely mountain views.

PGP agents Dirk Carstens and Sheldon Rogers say the approximately 2400 residents are typically comprised of professionals and young families aged 25 to 45, for whom the security and abundant opportunities for a healthy outdoor lifestyle are key appealing factors. “Not only do residents enjoy canoeing and fishing on our own dam, jogging in safety or picnicking in the parks, but they also have access to a wealth of activities in the surrounding area, including wine-tasting at farms such as Morgenhof and Quoin Rock, mountain-biking and trail-running at Delvera and the Jonkershoek Valley, and horse-riding on the neighbouring farm,” they say.
 
However it is not only young families and first-time buyers who find the estate appealing. The agents say a number of their sales are to families moving within the estate, either scaling up as their families grow and careers take off, or scaling down due to empty nests or approaching retirement. There are also a number of investor owners on the estate, who have purchased to take advantage of the strong demand for rental properties. A three-bedroomed home with a single garage can command rentals of around R9500 per month, while a larger three- or four-bedroomed home with double garage can be rented for between R13 500 and R17 000 per month, depending on location within the estate.
 
Adding to the convenience of the Welgevonden lifestyle is the presence of a small commercial section at the entrance to the estate. This includes a Spar, bottle store, gym, beauty salons and takeaway outlets, as well as PGP’s own satellite office.


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