select
|

Estate Living Popular in Stellenbosch

It would seem that Stellenbosch no longer only attracts students, but also both locals and out-of-towners looking to settle in one of the many new residential estates popping up around the town and surrounds. 



Estate living has become increasingly popular in South Africa as buyers are attracted to the safety and sense of community they provide. Newer estates also offer great lifestyle options with amenities either within the development itself or located nearby.
 
“We’ve seen significant estate development over the past few years such as the De Zalze Estate, Devonvale Golf & Wine Estate, Koelenbosch, Nooitgedacht and there are currently five more in the pipeline”, says Giel Viljoen, Principal of Leapfrog Property Group in Stellenbosch, “Contrary to what’s happening in most of the country the property prices in our area are still going from strength to strength and we’ve seen a lot of growth in the R1.5 to R2.5 million price range, though most estates offer properties between R1.6 and R4.5 million”.  
 
There’s something for everyone
 
While the plots in the Slaley and De Zalze Estates are sold out, there is the possibility that the Devonvale Golf & Wine Estate could be launching another 50 plots, while the Koelenbosch Country Estate is a new development consisting of 74 plots. 
 
The Nooitgedacht Village, situated on the exclusive Nooitgedacht Estate, consists of about 720 units, varying from apartments to mansions and residences for retirees with medical facilities. Viljoen mentions that two new developments will be launching close to Welgevonden in the next year or two and that there are possibly two more small developments launching in Kylemore soon.
 
“We are receiving more and more people from other provinces, but mostly from Gauteng who are looking for property in Stellenbosch. Most buyers tend to look for safety in the forms of a secure estate. We’re also finding that parents buying as an investment for their children would much rather buy into an estate for their childrens’ safety”, explains Viljoen.
 
The Benefits of Estate Living
 
Estate living provides residents with a sense of security and community while also sharing the costs of the development’s general maintenance. With the increasing focus on providing amenities like shops, schools and medical facilities within the estate, the option of living in one of these developments has become even more popular.
 
Considerations before Buying
 
“If you’re buying an existing property in an estate the main things to look into would be the body corporate and whether they’re managing the development properly, investigate the levies you’ll be expected to pay and read the fine print as to what is exclusive use and what is considered common property so as to avoid any unpleasant surprises later on”, advises Viljoen.
 
Viljoen also has advice for buyers looking to purchase off plan, “The most important thing is to learn as much about the developer and the builder contracted by the developer as possible; take a look at previous projects they’ve handled to get an idea of the quality of their work. Also, find out if the builder is registered as a closed corporation, a limited company or as a sole proprietor as this affects the warranties provider by the builder”.
 
It’s also important to check whether the NHBRC levy, water and sewerage connection fees are included in the purchase price.
 
“I would recommend including penalties for late completion in the purchase agreement and securing warranties on structural and workmanship issues”, says Viljoen.



  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 24 Nov 2017
      Demand for secure estate living in Hout Bay has risen sharply in recent years, precipitating a spike in development with estate homes now accounting for 20.24% of the property landscape with the launch of an exclusive new gated development on 26 November adding 20 more units to the existing 1250 estate homes.
    • 24 Nov 2017
      There are some things that money can’t buy – spectacular views from Mouille Point to the V&A Waterfront and a trendy and lively neighbourhood that encapsulates the very best of the Cape Town lifestyle.
    • 24 Nov 2017
      Tshwane’s four-bedroom Mayoral mansion, nestled among ambassadorial residences in the upmarket suburb of Muckleneuk, fetched R5.1 million after spirited bidding at High Street Auctions’ final sale of the year.
    • 23 Nov 2017
      Reserve Bank Governor, Lesetja Kganyago, said that the Monetary Policy Committee had once again decided to let the interest rates remain unchanged with the repo rate at 6.75%, and the prime lending rate at 10.25%.
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
        
    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