New residential development in Clarens to meet demand for lock up and go accommodation

The ever increasing demand for residential accommodation to retire to - set in appealing and tranquil surrounds has prompted the launch of a new development in the picturesque town of Clarens in the Free State.

The housing market has picked up tremendously, says Anne Maree, Pam Golding Properties area principal. “Over the past year Clarens has experienced a variety of home buyers seeking to acquire property, from first time buyers to those planning to retire as well as second and third holiday home buyers. Gauteng remains one of our key catchment areas for residential property buyers across the spectrum.
“Maintaining its peaceful village ambience and surrounded by majestic mountains, nature conservation areas and large commercial farms in the heart of the popular Highlands route, the town has become a prime getaway destination, and is increasingly in demand as a primary residence.”
Situated near the entrance to Clarens, on the edge of the town and just across the road from the golf course, the new residential development, ‘The Paddocks’ is being marketed by Pam Golding Properties. The infrastructure for the development has already been completed, including paved roads, water, electricity and sewerage.
Says Maree: “This is a secure sectional title development comprising just 24 semi-detached units of 105 to 125sqm in size and each with an area for a small private patio or garden. Four of the units have already sold off-plan, priced from R980 000 including VAT and with no transfer duty payable. These comprise either two or three bedrooms, two bathrooms, an open-plan kitchen / living area, private patio and single garage with laundry connections.” Each unit will also be linked to a caregiver’s unit for any medical emergencies or assistance. Both a government and private hospital are situated in Bethlehem, just 39km from Clarens.

“With monthly levies of approximately R800, the units are well priced, particularly as these are brand new homes within a secure and exclusive, gated estate, with modern finishes such as granite kitchen tops, fitted oven, hob and extractor fan and aluminium windows. North-facing, residents will enjoy scenic views of the surrounding mountains including the landmark Titanic Rock and Mount Horeb.”
She says while appealing mainly to retirees, The Paddocks is not a retirement village and would be ideal for a buy to let investment as the units could potentially generate monthly rental income between R4 000 and R6 000. The accommodation is also highly suitable as lock up and go homes for young couples starting out.
“This new development will help meet a shortage of smaller dwellings catering for buyers such as retired couples looking to buy or rent when downsizing. At this point they are at a life-stage when they want to avoid the responsibilities and maintenance and operating costs of a large, freehold property, yet remain in Clarens.”

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