30 Apr 2008
Despite the current flattening of the property market buyers are still showing a great deal of interest in the Southern Drakensberg areas of Underberg and Himeville as well as the surrounding countryside.
"Underberg and Himeville are probably among the safest places to live in South Africa, while investment property in the area represents a very sound choice. We are currently finding that with the possibility of snow falling on the mountains in a month or two, city dwellers are looking to the peace and tranquillity of the Southern Drakensberg," says Moira Bath, area principals for Pam Golding Properties (PGP).
"While our sales are mainly to those seeking a new permanent home, we also have buyers looking for holiday homes and in this regard recently sold two such lock-up-and-go leisure homes. We are also still receiving enquiries for smallholdings in the area."
Helping cater for the demand for leisure homes is a 22-unit sectional title development, The Glen, located within the Castleburn resort and set on a three hectare site with spectacular views of the Drakensberg Mountains and Lake Madingofani.
Progress is under way on site with four of the chalets now completed. The completed three-bedroom, three-bathroom units are now selling from R1,898m with the added benefit of rental income should homeowners participate in the Castleburn rental pool, which is managed by the resort.
Bath says over the past four years gated complexes - a new concept for Underberg - have been developed.
"At Springside Park, which sold out last year (2007), there have already been three re-sales at very good prices, some 45% higher than the original development price, which lends credibility to the fact that the development of complexes in the Kwasani Municipality has been a sound investment decision. There is a keen demand for completed units and at present there is one large 359sq m unit available at R1,75m," she says.
In Fairmount Estate there are 900sq m sites available for R250k. Sites at Meadows Country Estate carry price tags ranging from R330k for stands averaging at 900sq m and completed units selling in the region of R1,7m.
In addition, two other properties - a residential home set on 5,142sq m in Underberg and a four-hectare smallholding just five kilometres from Underberg Village – have now come on to the market.
The first comprises a home with a spacious entrance hall leads to a formal drawing room and further onto the covered patio with views to the mountains. There is a large formal dining room, fitted kitchen with breakfast nook, pantry and cold room for wine storage. The property is priced at R1,9m and two sub-divisions on adjacent properties are also available should the purchaser wish to acquire additional land.
Situated on four hectares and priced at R4,1m, the smallholding has been listed for sale by its owners after 32 years. Pastures, orchards and kitchen gardens - including a glass hot-house - surround the 1,6 hectare ornamental part of the garden.
Improvements include a large main homestead of 290sq m with old-fashioned proportions and features which include an Esse stove in immaculate condition. Separate from the main homestead is a 50sq m sauna/Jacuzzi room, laundry, engine room with standby generator, staff accommodation for four, a 138sq m shed which can easily be converted to stables, two existing stables and two tack rooms.
Image: This home in Underberg is marketed at R1,9m.
For more information contact PGP Underberg on 033 701 1563 or send an email.
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