Dainfern Golf and Residential Estate in Fourways is a sought-after precinct in Johannesburg’s northern suburbs.
This house has five bedrooms, integrated kitchen, home office, eight-seater home theatre, undercover entertainment patio, rock pool and jacuzzi with waterfall. It is on the market for R6.8 million - click here to view.This is according to Dermot McDermott, Area Specialist for Lew Geffen Sotheby’s International Realty, who says this exclusive haven has proven to have one of the most resilient markets in the area, showing a steady year-on-year increase in property value over the past nine years.
McDermott says Lightstone data clearly illustrates the node’s growth in demand as well as the solid return on investment (ROI) that property owners have enjoyed over the years.
He says when the South African property market peaked in 2007, the average sale price in this sought-after estate was R2.3 million or R3 217 per square metre and, despite the credit slump of 2008, increased to just under R2.78 million or R3 770 per square metre in 2009.
By 2014, McDermott says the average sale price had drifted up to R3.78 million or R4 131 per square metre, with 2015 seeing a substantial spike of 20.6%, finishing the year on R4.56 million or R5 200 per square metre.
McDermott says the entry-level price on the estate now sits at R3.5 million, with a variety of property options available all the way through to the top end of the market, which is around R16 million for a luxurious home with all the bells and whistles.
“The most sought-after properties are four bedroom homes with views of the nature reserve or golf course - properties directly adjacent to urban green belts command a premium, especially in a city as densely populated as Johannesburg.”
Offering three bedrooms and three bathrooms, this home has a country-style kitchen, open-plan living areas, home office, covered patio with fireplace, independent cottage and double garage. It is selling for R7.7 million - click here to view.He says the Dainfern market has stayed on a steady course over the past five years, with approximately 10% of its homes on the market for rent or sale at any given time.
McDermott says around 35% of the homes on the estate are on the rental market, with corporates making up the majority of clients.
Lew Geffen, Chairman of Lew Geffen Sotheby’s International Realty, says the estate’s popularity and market strength can be attributed to several key factors, the most significant being the level of security residents enjoy.
“Dainfern is regarded as the safest of all of Gauteng’s gated villages and is, in fact, the only one to have a top ISO 9 000 security rating. There is strict access control with a biometric system for easy access and egress for residents, and the estate is patrolled by a fleet of roving vehicles while the perimeter is secured with an electric fence and monitored by cameras.”
Geffen says another strong drawcard is the wide range of on-site sporting and entertainment facilities that Dainfern offers.
This includes automatic membership to the Country Club, which gives residents access to four tennis courts, two squash courts, two swimming pools, volley ball court and a network of scenic hiking, jogging, cycling and mountain biking trails. Golf enthusiasts can become members of the golf club and enjoy the full benefit of the Gary Player-designed golf course which is literally on their doorsteps.
This house offers five bedrooms, five bathrooms, spacious kitchen, study, landscaped garden and garaging for three cars. It is on the market for R6.95 million - click here to view.McDermott says another key attraction is the exclusive lifestyle that residents enjoy.
He says even though Dainfern is conveniently located near two main arterial roads and an array of top-class amenities like shopping centres as well as schools, it has an appealing rural atmosphere and offers a relaxed country lifestyle and peace of mind rarely experienced in Johannesburg.
He says the picturesque natural setting not only has eight charming children’s parks, but also water features, natural rocky outcrops, indigenous trees and abundant wild life.
Nearby amenities include the new shopping centre, Dainfern Square, with Pick n Pay and Woolworths as anchor tenants, a large Virgin Active Gym and Fourways Mall, which is currently being revamped.
Lanseria Airport is only 10 minutes away and, although there are a number of excellent schools nearby, the majority of children in the estate attend the highly-esteemed Dainfern College, which is a private school.
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