Boland Residential Property Prices Break the R20m Barrier

A steady increase in both demand and Rand value in the Boland property market in recent years has seen the area join the elite trophy home club, with sale prices in excess of R20 million now being realised for single erf, standard homes.

This large home on the secure Erinvale Golf Estate, designed with large-scale entertainment in mind, has several public rooms that spill out onto an extensive covered patio. The three-bedroom, four bathroom house also has two self-contained apartments for guests, both with access to the garden. The property is on the market for R21.95 million.  

Mrs Chris Cilliers, Winelands Principal of Lew Geffen Sotheby’s International Realty says that most of these sales have been on security estates, which reflects the current market trend for exclusive security estate and lifestyle living.

Cilliers says that in the past year three sales have been concluded above R20m, all of them on secure estates in scattered across the Winelands. The most recent was a Lew Geffen Sotheby’s International Realty sales at Pearl Valley Golf Estate in Paarl for R22.5m. 

“In May last year another property of 867m² at De Zalze Golf Estate in Stellenbosch fetched R21.55 million at just over R24 000m² and in August a property sold at Erinvale Golf Estate in Somerset West for R23m. This was a larger erf, at 2 417m².”

Lew Geffen, Chairman of Lew Geffen Sotheby’s International Realty says: “While the Winelands has mostly been regarded as a leisure destination, this scenic region is attracting increasing interest from professionals looking to de-urbanise. The main market is buyers from Cape Town and Gauteng seeking a more secure lifestyle for their families as well as retirees wanting move away from the hustle and bustle of the city.”

“Exclusive estates like Pearl Valley and De Zalze are particularly popular with professionals and families seeking a more relaxed and secure lifestyle, and the standard price of many of the more spacious homes on these estates are increasingly edging toward the R20m or over mark.”

Cilliers says that there were 13 sales at De Zalze Golf Estate in 2013 and 2014 in excess of R10m, with most being between R13m and R18m; prices previously only realised for small-holding sales, not single dwellings on standard-sized erfs.

“At Erinvale Golf Estate, Pearl Valley and Winelands Estate on Paarl Road, a large number of sales for the same period were also in excess of R10m, the highest being R23m.”

With most Boland towns are situated no more than 30 minutes from Cape Town International Airport and 45 minutes from the Cape metropole, they offer all the lifestyle benefits of small town living yet all the amenities of the city are only a short drive away.

Cilliers says that many families opting for this lifestyle have parents who commute to Cape Town daily so the convenience factor of being so close to the city allows them to raise their families in country surroundings, enjoying an outdoor lifestyle and safe environment where children can still play outdoors safely.

“It’s also a preferred destination for the so-called “swallows” who like to follow the sun and leave Europe during the winter months, heading for the sunny climes of the Western Cape.”

The area boasts an excellent educational heritage and is home to many of South Africa’s top schools such as Paarl Boys and Paarl Girls High and Paarl Gymnasium along with Paul Roos and the University of Stellenbosch.

The Boland is particularly popular with people looking to live away from the city because it lies in the heart of the beautiful Winelands, offering a small town pace and myriad activities for sports and outdoor enthusiasts, with most facilities being right on the doorstep.

Cilliers says the value of real estate in the Boland in general is climbing steadily, but homes on security estates are currently the prime investment to realise good returns in the next five years.
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