Grape expectations: Paarl
Buying in the Cape Winelands makes great investment sense right now. Here’s why Paarl is one to watch, and buy.
To the northwest of Franschhoek is Paarl, the seat of the Drakenstein municipality and recently named the Western Cape’s Town of the Year. It is as famous for its solid-rock mountain as it is for the historic wine farms that surround it, including Backsberg, De Zoete Inval, Fairview, Laborie, Rhebokskloof and Simonsvlei. ‘Paarl has an extremely well-established infrastructure, including excellent medical, recreational and sporting facilities, and some of the country’s top-rated schools,’ says Pam Golding Properties area manager Surina du Toit. These assets make the town particularly appealing to family buyers seeking to raise children in a wholesome environment without sacrificing educational quality.
‘The town is also popular among retirees who enjoy the scenic beauty and small-town pace of life, and international buyers attracted to its unique heritage, many of whom purchase homes for use as guesthouses and B&Bs.’
Healthy Mix of Properties
According to local Rawson Properties franchisee Lizette Joubert, the highest demand currently (63% of buyers) in the area is for properties in the R1 million to R1,8 million bracket. The town does, however, offer a healthy mix of properties to suit all budgets, from those in secure lifestyle and golf estates to comfortable modern family homes, historic Cape Dutch homesteads and both lifestyle and commercial farms. And, says Du Toit, pricing is competitive, especially when you consider the magnif cent surroundings and the fact that the town is only 60km from Cape Town. Family homes in the town centre range between R1 million and R3 million, while in the security estates, such as Boschenmeer, Pearl Valley and Val de Vie, you can purchase a townhouse from around R1,4 million, a larger family home for between R2 million and R4,5 million, and a trophy home for up to about R20 million.
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