Die Wingerd Property
Location
Die Wingerd is located on an area of 76 ha between the R44 in the west, Main Road in the south, Old Stellenbosch Road (in the north) and Helderberg Road to the east. The neighbouring suburbs are Helena Heights (above Old Stellenbosch Road), Somerset Ridge (below Main Road), Monte Sereno (also above Old Stellenbosch Road) and The Links (part of Briza).
Property Market
The total extent of Die Wingerd is 81 ha. There are 600 properties in Die Wingerd suburb of which 489 are own title (82%) and 111 are sectional title (11%). The median land size is 1005 sq.m. and the median price obtained in 2010 for own title properties had been R1 600 000.
Between 2005 and 2009 103 own title properties (houses) and 39 sectional title properties (apartments) were sold - i.e. an annual average of 20 homes and 8 apartments. Contrary to some of the higher priced suburbs in Somerset West, there has been no drop in sales volumes during 2010 - as 19 homes (own title) were sold in 2010.
The highest price achieved to date for a house in Die Wingerd has been R2,06 million. The lowest price obtained during 2010 has been R980 000.
Die Wingerd experienced a strong growth in median prices achieved for own title property between 2009 and 2010 - growing from R1,347m to R1,6m (i.e. with 18,8%). The growth in median prices between 2005 (R1,285m) and 2010 (R1,6m) has been 24,5% - i.e. an annual growth rate of 4.9%.
Die Wingerd however experienced a negative growth rate in median values for sectional title properties between 2008 and 2009 - when the median price dropped from R1,35 million to R980 000 (27%). The median price has however improved during 2010 to R1,201m - up with 1,8% from the median level of R1,18m in 2005.
Sales statistics regarding the ratio of bonded vs cash sales in Die Wingerd varied from 33% cash sales in 2005 to 39% (2009) and 52% cash sales in 2010. ABSA bank has with 37,5% the largest bond share in own title property in Die Wingerd (Nedbank 14,8% / Standard Bank 27,3% / FNB 13,6%).
Lifestyle
Its close proximity to the R44 and the N2, as well as to shopping centers, schools and sport facilities has made this a popular suburb for people whom would like to buy in the price bracket between R1,5 m to R2m.
An excellent pre-primary school called Die Wingerd Pre-Primary offers quality schooling to children from age 5.
- Residential Sale Property Ranging from R1,800,000 to R1,990,000
