The One, Stellenbosch sold an astonishing 209 units in a day, surpassing Stellenbosch’s average yearly sales records. This luxury private student residence has investors and students abuzz with its upmarket feature-rich offering.
Also read: You can own a unit in this world-class Stellenbosch private residence
Sold Property data for Stellenbosch Central is off the charts after launch day at The One broke the average yearly Sectional Title Unit sales.
Here’s why these units are being snapped up at a rate of knots:
In an online launch, sales for The One went live on Wednesday 26 October at 12 pm, selling 209 units on the day and amassing a total investment of over R430 million.
More units were sold in one day at The One than are typically sold in the entire year in Stellenbosch sectional title units!
The developers of The One, who have more than 15 years of experience in the real estate sector, say that they have never before seen this kind of response or investment in one day.
They say: “Demand for student accommodation is at an all-time high, and investors are serious about securing this unmatched private residence offering in this secure asset class. We had at least eight buyers put down almost R10mil each to secure five units in order to be able to take advantage of the lucrative Section 13sex tax deduction.”
Property24 trends data shows that the average sold price for studio and 1-bedroom apartments in Stellenbosch Central are R1.81 million and R1.817 million, respectively.
The One’s apartments start from R1.55 million and range in size from 23 to 150 square meters. The most luxurious two-bed unit with wrap around balcony was sold on launch for R5.75 million.
Amenities that include a resort-style pool, adaptive outdoor entertainment, landscaped courtyards, purpose-designed study centre and lifestyle-centric relaxation areas, make The One a highly competitive investment in a class of its own.
The Developer adds that a further R40 million has been raised by Development Contributions and is earmarked to enhance the precinct and take it to the ultimate level in terms of security and walkability. This upgrade will coincide with the construction of the development and will be completed prior to the occupation of the development.
“The One’s lifestyle design will seamlessly overflow through to its surrounding areas with ‘hyper-proximity’ to beautifully landscaped sidewalks and recreational areas, key services, shopping, and a variety of entertainment options, all accessible on bike, foot, and a bespoke shuttle service running between the precinct and the university will be operational.”
Stellenbosch has a 30 000-strong student population and an ideal real estate market with high demand for secure purpose-built student accommodation that will continue to grow in value. The One’s interactive price list and pre-bond approval services make it easy to invest.
View the remaining units via the interactive price list here.
The details:
- Sales went live online at 12 pm on Wednesday 26 October
- The expected completion is set for November 2024
- 508 units over five floors
- Parking is available to purchase separately
- Location: Corner of Dennesig & Hofman Street, Stellenbosch
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Picture: Supplied