Dullstroom estate’s sales figures reflective of its top ten status
Construction of homes is now well under way in the 774ha Highland Gate Golf and Trout Estate situated on the edge of the Steenkampsberg plateau some 14km from the scenic town of Dullstroom in Mpumalanga.
Anton Greeff, area principal in Dullstroom for Pam Golding Properties said that the estate is fully fenced and gated, services installed, roads and clubhouse completed and the Ernie Els designed golf course fully operational and already extremely popular, being almost fully booked throughout the week. Currently 25 homes are completed with another eight in the process of being built.
“Since July 2016 the demand for properties in Highland Gate has increased and in several recent months alone we concluded the sale of 12 stands for re-sale,” added Greeff.
After being taken over by well-established developers Century21 the estate has gone from strength to strength. Highland Gate has also recently been rated by New World Wealth as one of the top 10 estates in the country.
According to Greeff resale stands are very competitive, averaging in price from around R350,000 to R550,000 for 875sqm in size, as these were originally purchased between R500,000 and R1mil.
“This presents an opportunity for speculative building as the market is large for weekend and holiday rentals,” said Greeff. “ Catering for golfers, one could easily achieve a rental income of R20,000 to R40,000 on homes with two to four bedrooms.”
Buyers are mostly from the surrounding large cities such as Nelspruit, Pretoria and Johannesburg, acquiring properties mainly for leisure purposes and spending between R4mil and R7mil on bu.ilding luxury homes.
Top photo: This three-bedroom, two-bathroom home set on a 828sqm stand in the Higveld Gate Golf and Trout Estate is being marketed by PGP for R3,5mil.