select
|

‘Eighteen on 18’ residential development launched in Hermanus

Fernkloof Estate, a well-established residential village situated in Hermanus on the world-famous Walker Bay whale-watching coastline and surrounding the 27-hole Hermanus Golf Club, has added another string to its bow with the launch of a new precinct,  ‘Eighteen on 18’, overlooking the 18th fairway.


Artist’s impression showing the exterior of a home in the new sectional title development, Eighteen on 18 in Fernkloof Estate, Hermanus.

Marketed by Pam Golding Properties, the new development comprises 18 sectional title units, each 185sqm in size and with its own garden, priced from R4.3 million to R4.6 million, including VAT and with no transfer duty payable. The residents will enjoy scenic mountain and sea views and have direct access onto the golf course.

With some 330 completed homes situated on nine precincts on the estate, of which only two remain to be developed, residential sales  on Fernkloof Estate are consistently buoyant with very little stock available on the market at any one time, says Annien Borg, MD of Pam Golding Properties in the Boland and Overberg regions.

“Interest in the new development is running high and the uptake very positive, with construction on site commencing in early 2016 and completion of the project scheduled for November this year (2016). In my opinion these units will sell well, being within a price range in which a high percentage of sales occur in South Africa, particularly as these are brand new units with high specifications.


Artist’s impression of a street view in the new development, Eighteen on 18 in Fernkloof Estate, Hermanus.

“In the other precincts developed in Fernkloof Estate vacant plots were sold, with owners constructing their own homes, mostly with four bedrooms and four bathrooms – which is why we believe the smaller new units will be extremely popular. They are ideal for lock-up-and-go convenience, for single home buyers and those wanting an accessible weekend getaway in a prime destination. Generally on the estate we find that about half the owners are permanent residents, with the balance leisure users, including South African expats who spend about six months of the year here or weekend users from Cape Town and surrounds, as well as investment buyers.”

Louise Varga, projects manager for Pam Golding Properties in the Boland and Overberg adds that the gated golf course concept is highly in demand with very few options of home security villages available in Hermanus. “Apart from the fact that there is very little land available in Hermanus, there has been no other recent development stock brought to market.”


Artist’s impression of a street view in the new development, Eighteen on 18 in Fernkloof Estate in Hermanus

Set within its own secure, gated village on one hectare in the estate, with landscaped gardens, swimming pool, pool room and guard house, the architect designed units in Eighteen on 18 offer buyers two or three bedroom layout options, two full bathrooms, open plan living, dining and kitchen area with vaulted ceilings. Also included in each unit is a mezzanine storage area and laundry unit, garaging for one vehicle plus a dedicated parking bay per unit, Morso fireplace, built-in braai, satellite dish and underfloor heating in the main bedroom and bathroom. Owners can choose from a selection of upmarket finishes while pets, two dogs and two cats are permitted per household.

Currently in its busiest season which runs from spring through summer to just after Easter, Hermanus is experiencing an increasing demand for residential real estate.

Says Varga: “Such is the ongoing demand for residential property in Fernkloof, there are currently only six completed homes available for sale on the rest of the estate – three of which are marketed by Pam Golding Properties priced between R4.3 million and R11.75 million, and only about 10 vacant plots where homes are still to be built.  Due to the scarcity of land the highest price achieved for a vacant plot to date is R4.2 million for 650sqm.”

She says real estate on the golf course has proven highly sought after and a sound investment with capital growth of 20 to 30 percent being realised on the sale of homes, which can fetch prices up to R6 million and R11.5 million.

Pam Golding Properties Hermanus agent, Lee Ryall, says over the past 18 months there has been a significant increase in prices of plots sold on the golf course. “House prices have followed suit, in the sense that the high plot prices have fuelled increased prices for houses. Taking into consideration the plot price combined with building costs per square metre one arrives at a meaningful house price, which explains the significant capital growth in house values.


Artist’s impression showing an aerial view of Eighteen on 18 in Fernkloof Estate, Hermanus.

“A further factor driving up residential property prices on the golf course is that most owners are reluctant to sell as the option to replace is very limited. The uniqueness of living on the golf course and the security of the estate cannot be had elsewhere in Hermanus, so although potential sellers are assured of a healthy return on their investment their options to replace do not exist. Two years ago they would have been able to buy a plot and build, and many did precisely that.

“With the open green spaces that golf course living provides, together with excellent security and quick access to beautiful beaches and numerous walks in the Fernkloof Nature Reserve, as well as a strong sense of community, the lifestyle is highly appealing. In addition, the golf course is financially sound, well known and popular.”

With plenty of outdoor activities and attractions, Hermanus is an hour’s drive from Cape Town, and the only town in the world to have an official Whale Crier. Apart from whale-watching, this is fast becoming an eco-adventure playground, with a number of safe beaches with warm water catering for lovers of sun and surf, including the Blue Flag status beach, Grotto Beach.

In addition, sea kayaking, abseiling, lagoon canoeing, lagoon cruises, boat-based whale-watching, sand-boarding, paragliding, horse-riding, scuba-diving, fishing charters, shark cage-diving and sailing are all attractions in Hermanus.

Wine-tasting is available at the renowned Hemel en Aarde Estate, and six well-established wine routes lie within an hour’s drive of the town. There is a museum in the Old Harbour, a municipal library and a tourist information office housed in the only railway station in the country that has never been visited by a train!


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 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.
    • 17 Apr 2018
      The recent interest rate cut has stoked the coals in the first-time buyer’s market. At least for the next two months until the next interest rate announcement, homeowners are guaranteed lower monthly instalments than in the previous quarter. But, is it wise to take out a 100% bond just to enter the property market while interest rates are low?
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK