This luxurious home with its stylish open plan living area, gourmet kitchen and expansive covered patio is an entertainers dream. Overlooking the golf course, it has two en-suite bedrooms and separate staff accommodation and is on the market for R9 million.
Dainfern Golf and Residential Estate in Fourways is an extremely sought-after precinct in Johannesburg’s Northern Suburbs, and this exclusive haven has proven to have one of the most resilient markets in the area, showing a steady year-on-year increase in property values over the past nine years.
This is according to Dermot McDermott, Area Specialist for Lew Geffen Sotheby’s International Realty, who says that Lightstone data clearly illustrates the node’s growth in demand as well as the solid return on investment (ROI) that property owners have enjoyed over the years.
“When the South African property market peaked in 2007, the average sale price in this sought-after estate was R2.3 million (R3 217m²) and, despite the credit slump of 2008, increased to just under R2.78m (R3 770m²) in 2009″.
“By 2014, the average sale price had drifted up to R3.78m (R4 131m²), with 2015 seeing a substantial spike of 20.6%, finishing the year on R4.56m (R5 200m²).”
McDermott says the entry level price on the estate now sits at R3.5m with a variety of property options available all the way through to the top end of the market, which is around R16m for a luxurious home with all the bells and whistles.
“The most sought-after properties are four bedroom homes with views of the nature reserve or golf course, because properties directly adjacent to urban green belts command a premium – especially in a city as densely populated as Johannesburg.”
He adds: “The Dainfern market has stayed on a steady course over the past five years with approximately 10% of Dainfern’s homes on the market for rent or sale at any given time”.
“Around 35% of the homes on the estate are on the rental market, with corporates making up the majority of clients.”
Lew Geffen, Chairman of Lew Geffen Sotheby’s International Realty, attributes the estate’s popularity and market strength to several key factors, the most significant being the level of security residents enjoy.
“Dainfern is regarded as the safest of all of Gauteng’s gated villages and is, in fact, the only one to have a top ISO 9,000 security rating”.
“There is strict access control with a biometric system for easy access and egress for residents, the estate is patrolled by a fleet of roving vehicles and the perimeter is secured with an electric fence and monitored by cameras.”
Geffen says that another strong drawcard is the wide range of on-site sporting and entertainment facilities that Dainfern offers.
This includes automatic membership of the Country Club, which gives residents access to four tennis courts, two squash courts, two swimming pools, a volley ball court and a scenic network of hiking, jogging, cycling and mountain biking trails. Golf enthusiasts can become members of the golf club to enjoy the full benefit of the Gary Player-designed golf course which is literally on their doorsteps.
McDermott adds that another key attraction is the exclusive lifestyle that residents enjoy.
“Even though Dainfern is very conveniently located near two main arterial roads and an array of top class amenities like shopping centres as well as schools, it has an appealing rural atmosphere and offers a relaxed country lifestyle and peace of mind rarely experienced in Johannesburg”.
“The picturesque natural setting not only boasts eight charming children’s parks, but also water features, natural rocky outcrops, indigenous trees and abundant wild life.”
Nearby amenities include the new shopping centre, Dainfern Square with Pick ’n Pay and Woolworths as anchor tenants, a large Virgin Active Gym and Fourways Mall which is currently being revamped.
Lanseria Airport is only 10 minutes away and, although there are a number of excellent schools nearby, the majority of children in the estate attend the highly esteemed Dainfern College, which is a private school.