Although we are seeing considerable interest from buyers, there is not enough stock to meet the ongoing demand, says Leonie Van der Sande, area specialist for Pam Golding Properties in Centurion. Homes are priced from R3.75 million to R47 million at the upper end of the market.
“Buyers are willing to pay premium prices to live on an estate that also offers one of the top IEB schools in the country. Cornwall Hill College covers Grade 000 to matric, making the estate especially appealing to families who want the luxury of having their children attend school close to home,” says Van der Sande.
The family appeal is borne out by Lightstone’s property data, which shows that 76% of recent buyers (July 2018-July 2019), were between the ages of 36 and 49. Not only does Cornwall Hill offer excellent schooling and other amenities on the estate, but it is centrally located between Pretoria and Johannesburg, and is just a 15-minute drive from O.R. Tambo International Airport.
Its 402 properties are predominantly freehold, with just over 10% being sectional title, and stands range in size from 1 000sqm to 10 000sqm. “Given the appeal of this estate, it is not surprising that there has been a solid growth in house prices over the past decade,” says Van de Sande. Sales of as high as R22 million have been reached in recent years, and in 2018 Pam Golding sold two properties for R10.4 million and R11 million respectively.
Although the current economic pressures have had an impact on property prices, it seems the demand for homes in this prestigious estate has enabled sellers to achieve higher prices compared with similar estates in the area, explains Van der Sande.
“Homeowners are reluctant to give up their homes because of the substantial benefits associated with living on this estate. In fact, Lightstone property data shows that most homeowners have had their properties for 11 years or longer.”
But when homeowners do consider selling, as their lifestyle needs change, it’s advisable to work with an agency that can navigate this highly competitive market, says Pam Golding Properties Pretoria regional executive, Retha Schutte. “Our team’s proven expertise in the selling of properties, and market insight, ensures that when you entrust us with an exclusive mandate to sell your home, we are committed to making your property experience a highly personalised and successful one.”
Pam Golding Properties currently has a few listings, providing a seldom-seen opportunity to own one of this estate’s luxury homes.
Buyers looking for a modern family home would appreciate the renovated property, listed for R6.25 million. It offers five bedrooms, all en suite, a stunning gourmet kitchen, superior finishes and spacious living areas. There is also a swimming pool and staff accommodation.
There is also a contemporary home, listed for R7.95 million, with three bedrooms and three bathrooms, a separate cottage and staff accommodation, as well as guest accommodation. The home situated on a one-hectare stand has double volume areas, expansive living and dining areas. Says Van der Sande: “A magnificent master bedroom located on the first floor offers a private lounge, gas fireplace, air conditioning, walk-in dressing room, balcony, reading nook and spacious bathroom for a complete luxurious relaxation.”
Measuring 9 080sqm is a tranquil country home with an outdoor entertainment area and sparkling pool overlooking the beautiful English style landscaped garden. Listed at R11.5 million, this six-bedroom home has entertainment areas that overlook a landscaped garden.
Pam Golding Properties is also marketing an equestrian manor, at R14.5 million. The four-bedroom double storey home has six stables, a lunging area and paddock, a pavilion area and a self- contained grooms’ room. The manor house has four reception areas with a spacious entrance hall leading to the living and dining areas downstairs, and a double Mahogany staircase leading to the luxurious bedrooms, each with spacious lounging area.
There is also a premium designer residence, ideal for the discerning buyer wanting a stand-out home. No expense was spared in the design, engineering, construction and landscaping of this unique property. From the chandelier imported from Belgium to the marble staircase with bespoke brass railings, this home exudes elegance and luxury. Set on a park-like estate of more than 12 000sqm of land, this 1 140sqm residence includes a sound/theatre room, an elegantly designed study, separate office with two consulting rooms that could also be converted into a flatlet. The spacious gourmet designed Kitchen by Slavin is fitted with a La Canche stove, Miele appliances.
Located on the upper level is a pyjama lounge/library fitted with two large bookshelves. There are four spacious bedrooms with en suite bathrooms all fitted with marble from floor to ceiling, imported antique mirrors, access to an outside area and/or balcony, air conditioning and underfloor heating. A classical-inspired, landscaped garden features a variety of plants, trees, manicured hedges, natural koi dam, water features/fountains and maze designed with centre fountain. The price of this home is available on request.