The steadily rising sales of Rawson Properties Durbanville, since Louis Schoeman took over this franchise in March last year, have been capped this month by the sale, at a price of R7,7 million, of a 54 hectare farm sited to the south west of Durbanville.
This property has a magnificent five bedroom Cape Dutch main house, four cottages which rent out for a combined rental of R20,000 per month and various agricultural outbuildings.
The property offers splendid views of Table Mountain and Table Bay and is close to well-known wine estates such as Meerendal and Durbanville Hills.
The farm, said Schoeman, has traditionally been used for the cultivation of winter growing crops, such as wheat, oats and barley, but the soil is highly suitable for the growing of higher value crops such as grapes and olives – and growing such crops could well be a profitable move for the new owners.
“If ever there was an estate which offers a truly enjoyable lifestyle, it must be this one,” said Schoeman. “However, it could be developed further as a farm or a conference centre. The possibilities are endless.”
The property was on the market for only nine weeks before it was sold. This, said Schoeman, is an indication of what is happening in Durbanville property today, but he warned, it is still too early to start talking about significant price rises.
“What this does tell me about the current market,” he said, “is that, in all price brackets, we are now getting more than double the enquiries that we were receiving towards the end of last year. It seems that there is an excited, confident atmosphere in the Durbanville property market today and a feeling that if you do not buy soon you will regret it towards the end of this year or in 2014.”
