Northern Paarl, the erstwhile Cinderella of the scenic Winelands town, has recently come into its own, attracting both buyers and developers who have begun to recognise the value and multiple drawcards it offers. Here's what you can expect to pay for property in this area.
“The northern suburbs of Paarl were overlooked for many years,” explains Chris Cilliers, CEO and Co-Principal of Lew Geffen Sotheby’s International Realty in the Winelands.
“But when prices in the more sought-after areas started rising a few years ago, people began to sit up and take notice of the fact that this area actually has much to offer, not least exceptionally good value as well as vacant land for development.”
The suburb of Groenvlei has become especially attractive to young families, with Property24 data revealing that 62% of recent buyers are in the 18 to 35 age group and 38% are aged 36 to 49 years.
| Suburb | Average Property Price - 2020 | Average Sale Price 2020 - Erven | Average Sale Price 2019 - Erven | Average Sale Price 2020 - Sectional Title | Average Sale Price 2019 – Sectional Title |
| Paarl | R1 500 000 | R1 995 000 | R1 853 000 | R675 260 | R735 000 |
| Stellenbosch | R1 565 000 | R1 700 000 | R1 950 000 | R1 372 500 | R1 354 200 |
| Somerset West | R1 975 000 | R2 400 000 | R2 400 000 | R1 300 000 | R1 486 000 |
| Franschhoek | R2 800 000 | R3 100 000 | R3 830 600 | - | - |
| Worcester | R1 150 000 | R1 110 000 | R995 000 | - | - |
(Source: Property24 Listings Data)
“It’s still a growing suburb, but already offers a variety of property options at very accessible prices. Currently, the average sectional title and freehold sale prices are R995 000 and R2.4 million respectively with vacant land sitting at around the R1 million mark,” says Cilliers.
“We are also starting to see more development in the suburb with 12% of the property landscape now being freehold estate homes.”
A new development which is capturing buyer’s attention is Honeydew Country Estate, says Cilliers. It comprises a variety of sectional title and freehold options, "attractive to young families but also to first-time buyers and empty nesters and retirees who are scaling down".
The first phase is already sold out and phase two has just been released for sale. Buyers can either buy existing homes or off-plan and they have a choice of single or double-storey homes with prices ranging between R1.795 million and R2.59 million.
There is a new sectional title town house development on the estate called Blue Mountain Mews with the first 16 units already built. Pricing starts at R1.495 million, including transfer and bond costs.
"Security is a key feature of this estate, including biometric access control, infra-red surveillance, electrified perimeter fencing, an access-controlled gatehouse and estate patrols, allowing residents the peace of mind to enjoy the landscaped communal estate garden, play-park, trees and mountain views," adds Cilliers.
Set against the backdrop of the Paarl Mountains, it’s also in close proximity to some of the most renowned schools in the Western Cape, such as Paarl Boys’ and Paarl Girls’ Primary and High Schools, as well as co-ed Paarl Gymnasium.
“Savvy investors who take advantage of this window of opportunity are buying property in a high-value but at a much more accessible price and with access to all the same first-class amenities,” says Cilliers.
"Paarl is not only renowned for its beautiful scenic setting, award winning wines and rich historic background, it is also considered by many as a safe location and residents enjoy a relaxed, country lifestyle with myriad activities for outdoor and sports enthusiasts on their doorstep.
The town also offers a "world-class medical facilities, a regional shopping centre, myriad leisure and outdoor activities and a variety of sports facilities including three excellent golf courses".
"Convenient location is playing a large part in the town’s increasing popularity. Not only is Paarl only 40 minutes from Cape Town, it’s also within easy reach of neighbouring towns Wellington, Franschhoek and Stellenbosch as well as the northern suburbs of Cape Town.
*Property24 Listings Data Disclaimer: The trends detailed in this article are based on Property24 listings, current at the time of publishing, and property transfer data supplied by Deeds offices, which typically take 3-4 months to reflect. Suburbs are listed according to Property24's geographical database. In some areas this will include both commercial and residential properties. The age demographic data of buyers, sellers and stable owners is determined over a six-month period. These Property Values should not be used as a substitute for independent professional advice and is subject to Property24.com Terms and Conditions.
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