Why security estates are popular

More and more South Africans are choosing to live in secure estates, and this trend is no longer limited to the rich and famous, says Riaan Roos, chief executive of MSP Developments, developer of the 87.62ha award-winning Buh-Rein Estate in Cape Town’s northern suburbs.

Completed homes at Buh-Rein Estate in Cape Town’s northern suburbs, where about 3 000 people are now living and 1 758 of the total 3 299 properties are still to be completed.

“Ordinary South Africans are buying into secure estates, and we believe this trend is set to continue,” says Roos.

“Research by Lightstone shows that 797 properties were sold looking in Buh-Rein in the last five years, putting the estate fourth in the Top 10 highest numbers of transactions in estates. Buyers are attracted to the Western Cape in particular, as well as the four major factors offered by estate living: security, convenience, lifestyle, and value for money.”

Roos says security considerations, in particular, are a major issue for residents and investors in estates, and this will no doubt be so for a long time to come.

At Buh-Rein, for instance, security features include 24-hour on-site patrolling vehicles, precinct access control, remote access gates and perimeter fencing at each complex, day/night CCTV and dome cameras. The estate also offers wireless broadband internet, and soon to be completed are a restaurant, a tapas bar, and a conference centre.

Amenities include a rugby field, an outdoor gym, Bootcamp and tag rugby every Thursday. By the end of 2017 a new Checkers shopping centre will also be on site. Public transport to and from the estate includes Golden Arrow buses as well as a private shuttle service provided by HG Travel.

Homes are Buh-Rein range from apartments to duplexes, and double-storey townhouses, priced from R649 900 to R2 million.

“We recently had one investor who intended buying one property and ended up taking four in all, in three different developments in the estate. We restrict sales to individual investors to two a complex, and only 40 percent of each complex are earmarked for investors.”

Roos says the popularity of estates has led to remarkable returns on investment for buy-to-let properties, as well as impressive growth in rental income.

“For example, in Buh-Rein Estate a 51 m² two-bedroom apartment bought at R424 900 in 2011 would now cost R729 900 – capital growth of almost 72 percent over five years, or just over 14 percent a year.

“These apartments were initially rented out at R3 200 a month, and now the monthly rental income is R6 500.”

Roos says Buh-Rein Estate also offers a large selection of properties that are ideal for retired people who want to scale down.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
    • 16 Jan 2018
      The start of the new year is symbolic of new beginnings. A good time to take stock of one’s possessions as well as how necessary they actually are. However, seeing as the process may appear daunting – a plan goes a long way.
    • 16 Jan 2018
      The Western Cape is still in the throes of a severe drought and many households have to adjust the way they use and save water. It is a little more complicated in sectional title schemes, however, as it is not that easy to implement grey water systems for multiple users and it is also difficult to monitor water usage accurately if there are no separate water meters
    • 15 Jan 2018
      In ideal rental situations, when a lease is signed the tenant will stay for the full duration of his lease without any complications and the landlord will uphold his obligations, creating a win-win situation for tenant and landlord.
    • 15 Jan 2018
      The Atlantic Seaboard’s housing market has stoically withstood the brunt of the growing economic and political instability, consistently achieving double digit growth way above the national average, however, in 2017 South Africa’s most resilient market finally began to yield to the pressure.
    • 15 Jan 2018
      Sectional title insurance can be a little confusing and, as a new owner, you may be tempted to just assume your body corporate has you covered. While this may be the case, understanding the extent of your coverage and your personal liability is the only guaranteed way to protect yourself against potentially costly oversights.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us