23 Mar 2012
With high property and investor buyer confidence levels, estate agents report an increase in demand for gated estate properties countrywide.
Pam Golding Properties (PGP) says in KwaZulu-Natal’s Mount Edgecombe Country Club Estate, approximately 80 percent of homeowners are permanent residents.
Sally Cameron PGP area principal says this is indicative of the high desirability of this location.
“This is considered a high percentage of permanent residents, as many residential estates in South Africa incorporate owners who either use their homes for leisure use, or reside there for part of the year.”
Cameron says Mount Edgecombe Country Club Estate is so popular because it offers real community living, close to all amenities as well as Umhlanga and La Lucia shopping facilities.
Although the estate is within a key growth node north of Durban, it still offers country-type living within easy reach of beaches and Durban’s city centre.
Homeowners enjoy scenic views over the golf course fairways, dams and conservancies, she says.
Cameron says properties at the estate are priced up to R70 million for top end homes and from R2 million to R14 million for those looking for a real lifestyle at an affordable price.
There is a huge demand for entry level properties in the R2 million to R3 million price bracket as many buyers are attracted by good security and appealing lifestyle, she says.
Cameron points out that there are approximately 290 homes on Estate 1 and 890 homes on Estate 2.
Buyers include sporting celebrities in the rugby and cricket world, corporate executives and expatriates.
In the Western Cape, the Arabella Country Estate located on the shores of the Bot River Lagoon and just under one and a half hours’ drive from Cape Town, has long been renowned as a luxury destination with one of the top five golf courses in the country.
It is also an ideal family getaway and home to many with its stylish, under-stated properties which blend harmoniously into with the natural environment.
PGP says the estate offers excellent value for money particularly on properties priced between R3 and R4 million.
Mike Bisset, PGP area manager says the first phase of homes on the estate has now reached maturity with just 17 stands still to be developed.
Launched in 1997, Phase One consists of 241 freehold properties, ranging in size from 600 to 1 100 square metres.
Residents have access to the 18-hole Peter Matkovich golf course, a range of leisure facilities including two floodlit tennis courts, a children’s playground, putt-putt course and a network of walking paths.
To own a home in this estate, expect entry level prices of between R2.5 million and R3 million for a three bedroom property on one of the smaller stands.
He says homes priced between R3 million and R4 million have four bedrooms on a larger stand with good views, a swimming pool and top-quality finishes.
PGP says around 20 percent of residents live on the estate full-time and the rest of the properties are divided between Cape Town residents who visit on weekends and holidays, and foreign visitors, particularly UK golf lovers.
The estate is ideal for young active families and is also a pleasant home for younger retirees.
The agency says the Arabella Hotel and golf course were purchased in 2011 by the Hospitality Property Fund and the Protea Hotels Group run the hotel.
Vineyard Estates says buyers of top-of-the range homes will be delighted to know that one of 20 homes in rural Constantia’s Strawberry Fields Security Estate is on sale.
Anton du Plessis, chief executive officer of Vineyard Estates says the property is on the market with a list price tag of R9.9 million.
The last property to be sold in the estate was not fully completed and changed hands at R8.7 million in early 2010.
All the homes in this estate are single storey, with a Cape vernacular style and all have over 400 square metres of floor space.
Du Plessis adds that this home has just under 500 square metres under roof set on an erf of half an acre with four bedrooms and a guest suite with its own shower and toilet, plus staff accommodation.- Denise Mhlanga
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