Val de Vie investors enjoy healthy returns
Investors who bought property at the inception of the Val de Vie lifestyle estate in the Cape Winelands are already seeing a return on their investment.
So says Henriette Basson of Chas Everitt International Properties which services the Paarl/Franschhoek area, who notes that a number of stands at the popular lifestyle estate have increased in value by around 25% since the launch of its first phase in late 2005.
Investor potential was evident from the outset. Indeed, the first phase sold out within weeks at prices averaging R650 000. At present, stand prices generally vary from R800 000 and R3,5m for stands measuring between 600sqm and 1500sqm, although a price of R4,2m has been achieved for a 2000sqm stand with a spectacular view.
Situated on the Berg River in the valley between Franschhoek and Paarl, Val de Vie extends over 221ha on which 550 stands have been delineated. Vineyards and dams are dotted throughout the estate and all stands enjoy panoramic mountain views.
The security provisions are state-of-the-art and within the estate there is a lifestyle centre which offers residents a modern gym, squash courts, indoor swimming pool, tennis courts and change rooms. A health bar is to be opened in the centre in the near future.
Also included at the estate is an independently operated polo club with a polo pavilion, function facilities, two polo fields and equestrian facilities. Residents can also sample award winning Val de Vie wines at the estate wine tasting area or, should they feel so inclined, jog, cycle or walk along the 10km private track.
Basson says buyers in the estate have mostly come from Johannesburg, Paarl, Cape Town and overseas. A strong family-orientated element has manifested and given this trend, an estate run pre-primary school is due to be constructed in the near future.
Further strengthening Val de Vies appeal is its close proximity to all the Franschhoek and Paarl gourmet restaurants, the Cape Town CBD and a number of renowned private and government schools including Bridge House, Paarl Boys High, Paarl Girls High and La Rochelle.
Homes at the estate are styled on French Provencal or Cape Colonial lines and completed properties are selling for between R3,5m and R8m. According to Basson, no other estates in the area are being awarded purchaser titles at this time, which should only serve to increase values of existing properties at the estate.
Aticle from: www.chaseveritt.com