"To illustrate this, in 2007 the average selling price of vacant plots was R200k, while in 2008 all our sales of such properties were above R300k. Currently we still have no stock available under R300k," says Phil Medlock, area principal for Pam Golding Properties (PGP). "Buyers remain drawn to this area not only for its water sport activities, including boating and fly fishing, but for the peace and tranquillity and large size of the properties on both the Free State and Gauteng sides of the river. While purchasers are mostly those seeking lifestyle weekend getaways, we also see an increase in buyers wishing to relocate here permanently - with the drive into Johannesburg/Alberton a comfortable 60 minutes on good roads," says Medlock.
He says all the waterfront properties range in size from five to nine hectares with 100 metres of private waterfront. These start at around R1,3m for vacant land and from R1,7m for stands with improvements ie. with homes and/or outbuildings constructed.
PGP Vaal Dam recently concluded the sale of a waterfront property – including a house – located on Vaal Bank, for R1,7m, as well as the sale of two properties in the Veekraal Valley, priced at R1,1m and R1,3m respectively. Each of the latter properties includes a home set on five hectares.
Image: A 5 ha stand, including this four-bedroom home, is situated in the Veekraal Valley and is on the market at R2,7m.
For more information contact Phil Medlock on 016 371 1377 or send an email.
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