18 Oct 2012
This is according to Elisme Swart, Pam Golding Properties (PGP) area principal who says the market has definitely experienced an upturn in enquiries from buyers, particularly over the past several months.
Swart says in winter, interest in buying trout farms runs higher than any other season as the trout are more active in cold waters. This makes it possible for potential buyers to see the strength of the water on the property.
“Naturally, this is also a time when the sport of trout fishing is extremely popular, with visitors revelling in the fresh cold air, with a cosy fireplace and perhaps a glass of red wine making this a further compelling reason to visit Dullstroom.”
PGP recently sold a 536 hectare trout and game farm for R7.6 million and a 14.67 hectare holiday farm, with an exclusive home for R7.2 million to the same buyer. The latter property is now the new owner’s permanent residence, while the larger farm is to be used for cattle farming.
A 23 hectare holiday farm, which is let on weekends for holiday visitors, was sold for R2 million, and a house on the 1 020 hectare Teal & Trout Country Estate sold for R1.55 million. Fully game fenced and with 18 dams, the estate has only 40, one hectare, full title stands in total, which make it a prime getaway destination. These stands are priced from R300 000.
“Vacant stands on gated estates and single erven in Dullstroom are currently available at extremely competitive prices,” says Swart. At the Highland Gate Golf & Trout Estate, stands range from 800 square metres and are priced from R300 000. At Walkerson’s Estate, 9km outside Dullstroom, stands from 890 square metres sell from R695 000, while single stands from 800 square metres upwards, which are located around Dullstroom, sell from R220 000 to R550 000, according to Swart.
“Our high-end buyers are mostly those able to make cash offers, picking up good buys which offer sound value in the current economic climate, as they perceive that the market in Dullstroom is beginning to recover,” she says.
She adds that the bulk of their buyers are purchasing for their own use – those who are looking for their dream holiday farm, a peaceful place to relax and enjoy a weekend or holiday with family away from the rush of city life.
Apart from its scenic appeal, the small town of Dullstroom is only two hours from Johannesburg, making it an ideal getaway location, says Swart.
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