Increased demand for vacant stands in Vaal Dam area

Increased demand for vacant stands in Vaal Dam area

View of the Vaal Dam from Shearwater Lifestyle Estate.

From November 2017 to January 2018 there has been a notable positive shift in interest in vacant waterfront land at the Vaal Dam, mainly driven by property developers offering stands at affordable pricing, says Phil Medlock, Pam Golding Properties area principal in the Vaal Dam and surrounds.

“Selling within just four weeks, we’ve recently concluded five sales of 2ha stands, each with 100m of water frontage and priced at R400 000, just outside the popular Ambermere Estate.

“Increased buyer confidence and value for money are fuelling property sales in the area, coupled with the high desirability of having water sport activities right on your doorstep, without having to travel all the way to the coast.”

Medlock says the demand for homes is predominantly among buyers in the mid-30 to 50 age bracket – families looking for a safe and peaceful weekend country getaway within a two-hour drive.

“There is a great deal of interest in vacant stands in the R400 000 to R600 00 price band, which makes a new offering of 22, 2ha plots, priced from R350 000 very attractive, resulting in a number of stands immediately being reserved. Located in Shearwater Lifestyle Estate on the Vaal Dam and with a minimum of 100m dam frontage and views over the water, there are no building style restrictions.”

The estate is on a quiet part of the dam away from the main boating areas, affording a peaceful lifestyle ideal for leisure activities such as walking, biking and fishing.

Also within Shearwater Lifestyle Estate is the original old farmhouse with outbuildings, on 2ha with 100m of water frontage priced at R695 000.

Says Medlock: “It would be ideal to renovate and modernise the interior of the farmhouse while retaining the original look. The outbuildings can easily be converted into additional accommodation for family and friends or possibly Airbnb accommodation.”

Also on 2ha and available on the same estate is the original stone barn which lends itself to conversion into a weekend home with expansive views across the water. It is priced at R650 000.

Adds Medlock: “The barn is ideal as a conversion similar to projects carried out in the UK, where they are extremely popular and considered very trendy.”

He says the majority of buyers and interest is from the greater Gauteng area. “Once rebuilding of the R716 between Deneysville and Oranjeville is completed it will boost demand and property prices in the area as the drive time will reduce to an easy 90 minutes.

“The trend towards vacant stands is also evident in Parys, only 60 to 70 minutes from Johannesburg, and here we have concluded a number of sales on Val de Grace Golf Estate and Parys Golf and Country Estate. With 600m2 stands here priced from R185 000, we will definitely see this trend continuing as more people yearn for a lifestyle out of the city but still within easy reach.”