New development to cater to high demand

Demand for homes within secure sectional title developments in Port Elizabeth currently far exceed the supply available to buyers, says Kobie Potgieter, Broker/Owner of RE/MAX Independent Properties, operating in Lorraine, Port Elizabeth.

Rendering of Fairfields Development

“Many buyers place an extremely high value on security. In fact, for many it is the driving factor behind where they choose to purchase their home. However, due to the premium prices of security estate homes, they are not always financially within the reach of young individuals or first time buyers. This is why sectional title units within secure developments have continued to perform remarkably well, with units rarely sitting on the market for too long,” says Potgieter.

Christo Slabbert, Team Leader at RE/MAX Independent Properties, operating in Lorraine, Port Elizabeth, notes that there is especially high demand for value-for-money properties that offer security features and which are well-placed within proximity to sought-after amenities. “Convenience pays a substantial role in the decision making process when it comes to buying a home. Generally buyers would like to be close to amenities such as shopping malls, medical facilities and schools. This is partly due to the fact that they don’t have to travel far to make use of these facilities and partly because homes within proximity to amenities generally hold their value very well,” says Slabbert.

Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, agrees, saying that location and proximity to amenities are keys factors to a home’s appreciation potential. “Homes that are well situated close to amenities and offer security will generally offer the homeowner solid returns on their investment over the medium to long term,” says Goslett.

Slabbert says that a new development called Fairfields, which caters to buyers looking for all of these features, has just been launched to the public. Situated in Fairview behind VW Tavcor William Moffat, only 500m from the Brylin Private School and 800m from a shopping centre, he says that the development is considered to be one of the best positioned new developments in Port Elizabeth. “I expect that Fairfields will be very popular among property buyers and investors looking to add to their current portfolios. Not many new developments in the region provide as many amenities in such close range, while still offering homes that are affordable for first-time buyers.”

According to Slabert, Fairfields is a double-gated, sectional title development surrounded by electrified perimeter fencing. The development consists of five housing schemes named Butterfly, Ladybird, Dragonfly, Bumblebee and Beetle Camp. Each of the five housing camps is unique and caters to different tastes.  Once all phases are complete, the development will consist of 81 units in total. The development will also feature its own gym as well as a cycling/running/dog-walking track for buyers to enjoy and make use of.  

Buyers have a selection of different plans to choose from and as well as the option to select their own finishes. Butterfly Camp, which is the first phase of the development, will consist of 17 units.
Slabbert says that the units within Fairfields are expertly designed and high-end. The apartments, which include two-bedroom, one-bathroom units and three-bedroom, two-bathroom configurations, measure between 50m2 and 88m2, depending on the arrangement. He adds that pricing for the two-bedroom, one-bathroom configuration starts at around R599 000, while priced for the three-bedroom, two-bathroom units starts at R798 000. As it is a new development, there will be no transfer fees or duties payable. Investors can expect a monthly rental income ranging between R5 000 and R6 500.

“Fairfields is the ideal development for buyers who want to enjoy a great lifestyle in a modern home that is well-positioned and has all the things they need right on their doorstep,” Slabbert concludes.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 24 Apr 2018
      The thing about the property ladder is that at some point in our lives we all have reason to want to climb a rung or two higher. Sometimes, it’s because we’ve outgrown our previous dream home, or because we want to be in a better neighbourhood that’s closer to work or to schools. Sometimes it’s because our circumstances have changed, and we’re taking care of elderly parents or relatives. Sometimes, it’s just because we want a property that reflects the financial status our hard work has won.
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
    • 19 Apr 2018
      The rental market is a cut-throat sector of the real estate market that waits for nobody. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, first-time renters need to be fully prepared before they even start the process of looking for a place to rent in order to avoid the disappointment of losing out on their ideal property.
    • 19 Apr 2018
      Choosing to buy your first home instead of continuing to rent is a big decision that will usually take some time to put into action, but the sooner you can save up a sizeable deposit, the closer you will be to reaching your goal.
    • 18 Apr 2018
      Selling your home is no small task and as you will quickly find out, there are a lot of misconceptions about the process. Gerhard van der Linde, Seeff's MD in Pretoria East lists the top 5 misconceptions when you are selling your home.
    • 18 Apr 2018
      The Cape Town municipality is now installing water-management devices at properties that have been non-compliant with the new level 5 water restrictions and there are talks of fines between R5,000 and R10,000 for households that use too much water.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us