Homes in estates remain in high demand and buyers will pay a premium for sought after, secure estates. Here are the three most searched estates on Property24 during 2021, and how much money it costs to buy a home there.
Waterfall Country Estate, Midrand
Midrand has grown in leaps and bounds in the past 10 years with Waterfall City forming the new focal point of the lifestyle offerings. Midrand still remains an affordable option to purchase in comparison to surrounding areas and, with the continual growth of the area, sellers can expect high yields from their investments, says Grahame Diedericks, Manager Principal of Lew Geffen Sotheby’s International Realty in Midrand.
At the upper end of the market, Diedericks says Waterfall Country Village and Waterfall Country Estate attract keen investor interest. Properties in Waterfall Village range between R5 million and R9 million and in Waterfall Country Estate, they are priced from R9 million upwards.
Waterfall Country Estate, the largest in the precinct boasts an exceptional lifestyle and features like a vast indigenous parkland, fishing dams, hiking and biking trails, picnic spots and play parks for kids attract families who love to spend their leisure time outdoors.
Waterfall Country Village is a smaller estate in the north of the precinct which offers a laidback outdoor lifestyle reminiscent of being on holiday. Both estates fall within the Waterfall City development with access to its myriad world-class amenities which include restaurants, shops, schools, a commercial sector, clubhouse and much more, says Diedericks.
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The estate offers added lifestyle benefits such as communal grounds, play areas for children and even private schools, says Steve van Wyk, Seeff’s MD in Centurion.
Midstream Estate has currently *157 new property listings, according to property24 Trends Data, with the average asking price for the area being R4.655 million. The average sale price per erf for 2021 was about R3.3 million, while Section Scheme Units for the same period is about R2.63 million.
The latest residential listings on Property24 show that four-bedroom homes are most widely available, at an average list price of R5.377 500. Sellers in the area fall within the 36-49 years (44%), while 50% of buyers within the same age group fall within 41% - followed by 29% within 18-35 year age group.
Click here to see all the sale and listing price trends in Midstream Estate
Eye of Africa Estate, Eikenhof
Eye of Africa is a signature secure golf estate 20km drive from Johannesburg CBD and is a township development in the Eikenhof area, under the jurisdiction of Midvaal council.
Remax All Stars specialist agent, Charlotte van den Berg says the Eye of Africa township development was a huge upliftment for the surrounding areas of Eikenhof.
Eye of Africa Estate has currently *18 new property listings, according to property24 Trends Data, with the average asking price for the area being R2.992 million. The average sale price per erf for 2021 was about R1 262 500, while Section Scheme Units for the same period is about R1.545 million.
The latest residential listings on Property24 show that four-bedroom homes are most widely available, at an average list price of R5.699 million. Sellers in the area fall within the 36-49 years (38%), while 46% of buyers within the same age group fall within 41% - followed by 30% within 18-35 year age group.
Click here to see all the sale and listing price trends in Eye of Africa
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*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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