26 Mar 2013
The suburb typically has three or four bedroom homes on stands of around 1000 square metres, with prices usually ranging from R2.5 million to R5.5 million. However Pam Golding Properties (PGP) reports there are a number of upmarket homes which can fetch up to R8 million and more, depending on their size, location and luxury features.
One such property is on the market exclusively through PGP, priced at R6.49 million. The home occupies a large stand of over 2 100 square metres and offers spacious, well-appointed accommodation with a number of luxury finishes. There are three double bedroom suites, including a master bedroom with its own fireplace, and a fully-contained guest suite. An eat-in kitchen is fitted with integrated appliances, while the open-plan lounge/dining room opens onto teak patios on both sides of the house. Other features include a study, temperature-controlled wine cellar, oak floors and air-conditioning throughout the home.
The patios overlook a manicured garden which is watered by automated irrigation using filtered borehole water, a solar-heated swimming pool, water feature and al fresco dining deck. The property’s security features include an alarm system, electronic beams and electric perimeter fencing, while vehicles are housed in a double garage.
PGP agent Mabel Botha says Parel Vallei is noted for its level plots and quiet streets, and is largely sheltered from the prevailing winds. She says it has a number of pre-schools, playgroups and primary schools, as well as Parel Vallei High, a co-ed high school that was ranked 10th in last year’s (2012) list of top schools in the Western Cape, based on the matric exam results. It also has the unusual feature of offering students the opportunity to study for their Cambridge AS- or A-levels in a number of subjects, while completing their South African matric. This means that they finish school with an internationally-recognised academic qualification which can open doors for them all over the world. "No wonder it is so highly sought-after by parents, resulting in sustained demand for homes in the vicinity. This in turn supports prices and ensures potential return on investment for buyers,” Botha says.
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