Mpumalanga highveld homes a good catch
Investors and fly-fishing enthusiasts are discovering the charms of the Mpumalanga highveld and although prices have risen steeply in some instances, the region still offers property bargains.
Glen Tweedie, owner of the Aida Belfast franchise that covers several neighbouring towns, says Belfast is now high on the priority list of buyers looking for weekend getaways. Homes in Belfast are almost 50 percent cheaper than in neighbouring Dullstroom and the town offers a variety of excellent fly-fishing opportunities, he says.
Buyers can expect to pay from around R550 000 for a three-bedroom home with double facilities while vacant stands are still available from R140 000.
Meanwhile Tweedie says prices of undeveloped burgher erven in the town have rocketed in the past two years. These large properties sold for an average R5000 each until to two years ago and the steep rises are an indication of the degree to which investors are active in the town.
Arguably the best bargains in the region are stands in Carolina, which still sell from about R80 000. Average house prices in town are around the R400 000 to R450 000 mark upward.
Stand prices in Machadodorp start at around R110 000 while house prices average R450 000 and upward. In the picturesque village of Waterval Boven, very few undeveloped stands remain but old railway houses sell at between R350 000 and R380 000.
Tweedie says the whole region offers prime fly-fishing opportunities and enthusiasts from Gauteng are now realising that Dullstroom is just one of many attractive villages where they can escape for a weekend getaway.
But not all investors are interested in fishing, he says. The Mpumalanga highveld is rich in history with several battlefields dating from the Anglo Boer War. The region also offers wide vistas in an unpolluted environment and the local flora is unique. And crime is virtually non-existent.
Issued by Aida National Franchises
Article from: www.aida.co.za