25 Jan 2013
Parys, offering a plethora of art, antiques, comestibles and adventure sports, is now also an increasingly sought-after area for those keen to move to a peaceful country town, where their families can flourish within a reasonably comfortable commuting distance to the city.
Gerrie Joubert, Chas Everitt International Notebook licensee in the town, says the area’s residential property market is changing as a result.
He says a lot of people now stay in Parys and commute to Potchefstroom, Sasolburg, Vanderbijlpark, Vereeniging, Fochville and Carltonville as well as Johannesburg. “They have found that there are good primary and secondary schools in the area and shopping is no problem as there are large supermarkets and most of the national retailers have outlets there.”
He says most of these new residents have so far opted to stay in Parys itself – preferably close to the river - although there are two lifestyle estates in the area and these are slowly coming into their own now.
According to Joubert, home prices in the town have risen as a result of the increased interest and because those who have sold other properties before relocating from a larger centre often have the cash for deposits and are thus able to qualify for bigger home loans.
Buy-to-let investors have also acted upon the high rental demand from weekenders and locals who cannot afford to buy their own homes.
“Thus it is now extremely difficult to find anything priced at less than R500 000. Most of the houses are in the R600 000 to R950 000 range or, close to the river, in the
R1.2 million to R1.8 million range.”
Joubert says quality flats and townhouses sell for around R850 000, while stands in the Parys Golf & Country Estate are currently being advertised at prices from around R400 000 upwards.
Then on one of the nearby islands in the river is Vaal de Grace with its golf estate built around a Nick Price signature course and a new nature estate alongside, he says. This is an exceptionally private enclave as it can only be reached by a single bridge, and stand prices start at around R350 000 for about 600 square metres, he says. “Home prices on the estate currently start at around R1.5 million and range all the way up to around R9 million.”
As for further development and investment opportunities in Parys, Joubert says, the town is in need of a private hospital and more upmarket retirement accommodation.
He says any units that become available at the Villa Riviera village are usually quickly sold and there are waiting lists at all the local old age homes.
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