Rising fuel costs and an ever-weakening rand is placing many South Africans under financial pressure. For the housing market, this means lower demand and subsequent subdued house price growth. According to the Standard Bank House Price Index for February 2019, national house prices moderated further to 4.3% year-on-year from 4.4% in January year-on-year.
“Despite this moderation in house price growth, there seems to have been an uptake in the luxury market (properties priced at R3 million and above). In comparison to the fourth quarter of last year, the luxury market grew to reach 5.4% of all transactions recorded at the Deeds Office over the last three months - which is the largest this segment has been since the third quarter of 2017 at 5.62%,” says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
For those curious to find out what you can get for that kind of money, property professional at RE/MAX Dazzle and resident realtor at Serengeti Lifestyle Estate, Gerrie Alberts, says there are some amazing listings available in this exclusive estate in the Kempton Park area.
“Serengeti Lifestyle Estate is highly sought after, in part owing to its ideal location just off the R21 Freeway between Johannesburg and Pretoria and only 10 minutes’ drive to O.R. Tambo International Airport, but also owing to the many upmarket features this estate has to offer, from state-of-the-art security, a Jack Nicklause Signature Golf Course with an onsite Golf Pro Shop, a fine-dining Italian restaurant and open-air pizzeria, world-class gym facilities, as well as two pools with a pool bar,” says Alberts.
“What’s more, with its own onsite deli, butchery, wild flower shop, galateria (sweets shop), and liquor boutique, residents need never venture beyond the estate’s gates.”
He says the average selling price in Serengeti Lifestyle Estate is R5 million. Entry-level homes are priced from R3.95 million, with the most expensive home currently listed at R18.5 million. “We have a large variety of buyers interested in Serengeti Lifestyle Estate, from young families and executives to business owners and international executives on contracts.”
Below is a look at what the luxury property market has to offer within this estate:
1. Billionaire’s mansion for R18 million
Situated in a part of the estate known to residents as ‘Billionaires Drive’, this five bedroom home has unspoiled views of the fairway, and comes with a host of luxury features such as a billiard room, putting green, enclosed patio with pizza oven and heated pool, gourmet kitchen with its own scullery and laundry rooms, a wine cellar, and staff room with en-suite bathroom.
To view this home, click here.
2. An entertainer’s dream for R15.5 million
This five bedroom, triple-storey home is an entertainer’s dream, with its own cinema room and wine cellar, built-in library corner, covered patio with jacuzzi and an exceptionally large pool, as well as a sunken boma in the backyard. As an additional feature, the home is automated and has its own centralised vacuum system.
To view this home, click here.
3. A ‘James Bond’ residence for R13.9 million
Apart from the breathtaking views of the golf course, this four bedroom, five bathroom home is also fully prepared for load shedding with its own backup generator and gas geysers. From a dining room with a built-in tropical fish tank to an entertainment room with projector and built-in bar, as well as an outdoor braai area with a pool and outdoor boma, this home is the ‘James Bond’ of listings.
To view this home, click here.
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