This is definitely going to be the "year of the investor" in the Western Cape's golden triangle between Stellenbosch, Paarl and Franschhoek.
That's the word from Maria de Villiers, co-owner of the Chas Everitt Cape Winelands franchise, who says there is extremely high demand for rental properties in this area currently, and a woeful shortage of supply.
"Fortunately, however, there are a number of new developments where investors can now acquire buy-to-let units, and those who move quickly stand to achieve very good returns.
Student accommodation has always been at a premium in Stellenbosch, which is home to one of SA's oldest and most sought-after universities. "And with the return of many students to normal campus attendance after several years of mostly home-based study, the demand for small apartments close to campus has rocketed in the past few months," she says.
"However, we are marketing a few developments where parents as well as investors can still find what they are looking for." These include:
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Lithops, which is conveniently located opposite the engineering faculty of the university and within walking distance to most other faculties and the town centre. One-bedroom, one-bathroom apartments with parking spaces in this secure development are available at prices from R2,2m, and there is no transfer duty payable.
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The Edge, which is located in the trendy new Dennesig precinct just 1,1km from the centre of the campus. This offers studio and two-bedroom apartments with balconies in a highly-secure building that also has rooftop terrace, at prices from around R1,6m.
In addition, Chas Everitt Winelands has a handful of homes for sale in the highly sought-after Nooitgedacht Village estate, which is set among world-renowned vineyards such as Simonsig, Muratie and Beyerskloof, and close to excellent schools and upmarket shopping malls. Prices start at around R3,3m for a brand new three-bedroom home due for completion in May.
The agency is also marketing the recently-launched Voliere estate located about 3,5km north of the town centre. This offers upmarket plot-and-plan homes designed in the Cape Vernacular style by Dennis Moss Partnership, as well as state-of-the-art security, landscaped grounds, an outdoor gym, a children's playground and a perimeter running track.
For more information on new homes and student apartments for sale in Stellenbosch, contact Maria de Villiers on +27 83 251 3008.
