Estate Living Digital Publication Issue 6 June 2015 | Page 33

Woodland Hills proudly caters for the
requirements of its culturally diverse
residents, which includes South African,
Asian and European citizens, and a
centre currently under construction just
outside the estate and housing a large
number of restaurants and retailers will
offer even greater convenience to the
residents.
This large city with the heart of a small
town offers excellent primary, secondary
and tertiary education and, as such,
attracts residents from diverse cultures
and backgrounds. Bloemfontein is
known for its many outstanding local
schools and makes this a sought after
location for families. Specifically, a Curro
schooling facility is situated within a 5km
radius of the estate. Because it is situated
close to local schools and universities,
it has provided a unique investment
opportunity for investors.
The estate management has seen an
increased number of local farmers
purchase units for children attending
educational institutions in the local
area. Once the children move on,
parents can enjoy an additional monthly
rental income or may choose to sell the

unit for a profit. The investment value
and capital property value growth at
Woodland Hills is truly astounding, with
a piece of land selling for R 180 000 in
2003 now retailing for no less than R
1.2 million. The highest selling price
of a resale home is recorded at R 5.75
million and, more recently, a 1000m²
home went to market at R 9.9 million.
On average, a three- or four-bedroom
home sells for between R 2.5 million
and R 3.5 million. However, with units
at the Hillandale Lifestyle Village selling
between R 1.2 million and R 2 million
and a three-bedroom townhouse in one
of the complexes retailing between R
1 million and R 2.8 million, this sought
after location is now an affordable one
too. Units at the last of the townhouse
complexes to be developed are currently
under construction and are available for
sale starting at R 1.695 million under
sole mandate of Nico Vermeulen owner
of Woodland Hills Real Estate.
Woodland Hills Estate endeavours to
cater for the lifestyle needs of its residents
and employees. As such, the estate has
entered an agreement with Interstate
Bus Lines to provide transport to
domestic workers and gardeners inside