Paarl’s growing need for accommodation is creating a huge demand for quality, affordable apartments.
La Vie Estate is a win-win both for investors looking for a sound capital investment and tenants in and around Paarl searching for a place to call home. Situated in a new growth node in the Paarl Winelands, the estate is meeting the need of an area currently experiencing an accommodation shortage.
Most of the 269 sectional title units at La Vie has uninterrupted mountain views and each boasts its own dedicated parking facility with an additional 86 parking spots available. The estate has 24-hour security apartments and low levies.
Paarl is well known for its sought-after country lifestyle and proximity to urban centres like Stellenbosch and Cape Town. La Vie is situated close to the N1 and other feeder routes making it ideal for daily commutes. The estate is also placed conveniently close to amenities like Paarl Mall and prestigious schools.
Property value at neighbouring blue chip upmarket estates like Paryskloof and Kleine Parys ranges from R 2,3m to R 6m and a recent spike in sales of phases 1 and 2 of the Bergendal /Bergenzicht estates close by had investors sit up and take note of the increasing demand for affordable accommodation in Paarl.
Studio apartments at La Vie Estate start at R 475,000 with spacious one-bedroom units selling for R 695,000. The projected rental income from these units range from R4500 to R6000 per month. Phase 1 is now available.
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