New lifestyle estate coming to popular university town in South Africa

Redwood Estate is a new lifestyle estate in Stellenbosch set to prioritise sustainable living, with properties starting from R1.5 million.

According to Harcourts, as the demand for sustainable living solutions continues to increase, Redwood Estate offers an opportunity for property buyers and investors looking to capitalise on this trend.

The estate is set to offer luxury homes that integrate modern living with eco-friendly practices, with homes built with environmentally friendly materials and advanced technology.

“Investors today are increasingly looking for properties that not only promise returns but also contribute positively to the environment,” it said.

“Redwood’s commitment to sustainable living makes it a standout opportunity,” said Brian Mathews, Development Specialist at Harcourts Winelands.

Properties start from R1,449,000, including VAT, for one-bedroom apartments, which makes it accessible for first-time buyers and seasoned investors.

2-bedroom duplex townhouses start from R2.2 million, including VAT, while 3-bedroom duplex townhouses cost R2.6 million, including VAT.

Moreover, all transfer costs are included, which should simplify the purchasing process for buyers.

Homes are also built with eco-friendly materials and advanced technology for energy efficiency.

The community amenities also include 24-hour security, solar power with backup battery systems, and fibre-ready environments for modern convenience.

There is also a lifestyle focus, which includes recreational facilities and green spaces to promote well-being and community engagement, enhancing property desirability.

Regarding investment opportunities, the estate provides the potential for Airbnb rentals, which could provide additional income streams for investors.

Stellenbosch is known for its rich culture and thriving economy, ensuring long-term investment growth. The area is also home to Capitec, Mediclinic, and Remgro headquarters.

“The limited Airbnb opportunities within Redwood allow investors to capitalise on the growing tourism in the area, ensuring their investment works for them,” said Mathews.

The group also added that the economic landscape in South Africa remains favourable for property investment amid declining interest rates and consistent demand for housing.

Amid a drop in inflation, 2.9% in November, the South African Reserve Bank is widely expected to cut interest rates by another 75 basis points in 2025.

This would take the repo rate to 7.00% and the prime lending rate to 10.50%.

“Now is an opportune time to consider investing in properties like those at Redwood, where the combination of location, quality, and sustainability is unmatched,” said Mathews.

Speaking to BusinessTech, Mathews said that civils are due to start on the estate when they open in mid-January.

Phase 1 Oakwood apartments and Redwood townhouses are due for completion at the beginning of 2026 and should be ready by the beginning of the year before the University of Stellenbosch students arrive.

Phase 2 is due for completion in the second half of 2024.

Redwood Estate

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