Property in Mount Edgecombe Country Club Estate 1 and 2, situated on the KwaZulu-Natal North Coast, is in high demand due to the good location and security this estate offers its residents.
This five bedroom, three bathroom home for sale in Mount Edgecombe Country Club Estate 1 offers a gourmet kitchen, large covered veranda and swimming pool. The house is selling for R9.29 million - click here to view.Grant Gavin, Broker/Owner of RE/MAX Panache, which operates in the La Lucia and Durban North areas and surrounds, says the Mount Edgecombe estates are conveniently located close to the Umhlanga and La Lucia business districts and amenities, as well as the King Shaka International Airport and major transport routes.
“Mount Edgecombe Country Club Estate is the premier golf and lifestyle estate in the area, offering both freehold and sectional title properties with outstanding security,” says Gavin.
In fact, Gavin says that security is the number one feature that attracts buyers to the estate.
“Demand from purchasers wanting to buy into the Mount Edgecombe Country Club lifestyle is very strong, and the number one feature that homes within this estate offer is, without doubt, security.”
He says the estate management commits a large portion of its budget towards ensuring that the estate is kept secure with perimeter fencing and patrols, state-of-the-art access control and stringent monitoring of contractors and visitors entering and exiting the estate.
Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, says sobering crime statistics have made South African home buyers among the most security conscious people in the world.
“For many, security has become a determining factor in where they choose to live. The result of this is that properties with top-end security features or those located within security estates are highly sought-after and often fetch a higher price than other types of properties.”
This three bedroom, two bathroom townhouse selling in Mount Edgecombe Country Club Estate has two verandas, a swimming pool and double garage. The property includes a flatlet, and is on the market for R4.95 million - click here to view.He says price trends in recent years suggest that homes located within security estates generally provide a greater return on investment over the long term.
Gavin says due to the high level of security, the estates are able to offer a lifestyle second to none.
Homes within the two estates are situated on prime golf course property, with beautiful aesthetics and community centres with pools and recreational facilities for both adults and kids, he says. The main clubhouse offers restaurant and bar facilities, as well as the use of tennis, squash courts and bowling greens.
Aside from the facilities on the estate, Mount Edgecombe Estates are a conservancy area which means residents are living in an environment where it is not uncommon to encounter impala and other wildlife in the garden, as well as many beautiful birds on the golf course.
“Resident pelicans provide for great sightings when going for walks along the golf paths,” says Gavin.
However, security and lifestyle are not the only factors that contribute to the strong demand, and therefore sound appreciation potential, of properties within the Mount Edgecombe Estates, says Gavin.
With supply fixed, and very little opportunity for future development, he says homeowners on the estate are assured of good capital appreciation on their homes. “This is evident in the fact that the entry level price for a home within this estate is now above the R3 million mark.”
Homes range from two bedroom apartments, to six and seven bedroom mansions, some with golf course views. Pricing ranges from R3 million to R4.5 million for sectional title properties, while freehold homes are priced anywhere from R4.5 million up to the R20 million mark.
“While the estimated growth of properties within these estates is hard to pin down in exact numbers, it’s safe to say that, given the fact that supply is fixed and demand is always strong from people wanting the security and the lifestyle the estates offer, price appreciation is a major factor that encourages investment within the Mount Edgecombe Estates,” says Gavin.
