Homes in some of the more established security estates in the Northern Suburbs of Cape Town are in such high demand that buyers are willing to pay upwards of R20 million for their ideal home.
This triple storey home in Welgedacht estate has six bedrooms, a cottage, cinema room and north facing landscaped garden with pool and hot tub. It is on the market for R27 million - click here to view.Annien Borg, Pam Golding Properties Managing Director for the Boland and Overberg, says the listing of a spectacular triple-storey home in Welgedacht near Welgemoed for R27 million reaffirms this demand for upmarket homes in a secure environment.
“Welgedacht is one of the most prestigious security estates in the area, and homes here often sold before they are even listed,” says Borg.
Paige Ward, Pam Golding Properties’ specialist agent for Welgedacht, says the expansive 1 600sqm home, on a consolidated double stand, is impeccably designed to offer easy family living and ample room for entertaining.
All six of the bedrooms have en-suite bathrooms, says Ward. Additional features include a separate two-bedroom cottage, eight garages and staff accommodation. The estate has controlled access and security features throughout, as well as its own water resources.
“We have seen excellent sales in the estate in the past few years, and in fact, Pam Golding Properties has had record sales of R11 million and R10 million. As vacant plots are no longer available on the estate, people seeing the value of living in Welgedacht - and wanting a new residence - have resorted to buying existing homes and completely demolishing them so that they can build from scratch,” says Ward.
This family home in the heart of Welgedacht estate, bordering on a green belt, offers views and superb entertainment options. It is selling for R 7.795 million - click here to view.Established more than two decades ago, Welgedacht enjoys a strong sense of community. More than 53% of current owners have been in their homes for 11 years or more, according to Lightstone.
Ward says the estate has a range of properties on various-sized stands, and often these are bought with a view to extensive renovations in keeping with contemporary design trends. The desire to put down roots is understandable, given that there’s so much to enjoy on the estate. The area also has natural wetlands and diverse birdlife, and the Majik Forest, renowned for its mountain biking routes, and Kanonberg, are also nearby.
Gene van der Berg, Pam Golding Properties specialist agent for Welgedacht, says many of their buyers come from around the country, as well as from surrounding suburbs because they are looking for homes close to the excellent schools in the area.
“We are finding that many of our buyers, especially those from Gauteng and abroad, are looking for security and the opportunity to live in the Winelands,” says van der Berg.
Borg adds that because of the strong demand for homes in estates, these properties tend to be a better investment option, especially during tumultuous economic times. Lightstone estimates that South Africa has nearly 7 000 estates with 355 000 active residential properties valued at R800 billion.
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