select
|

BUY-TO-LET INVESTORS SHOW CONFIDENCE IN ‘ONE ON HERRWOOD’ IN UMHLANGA

The recently launched ‘One on Herrwood’ 92-unit, luxury development on prestigious Umhlanga Ridge just north of Durban is attracting buy-to-let investors – mainly locals, reports Elwyn Schenk, area principal for Pam Golding Properties.

“A very good indicator of the investment potential of any development is the confidence shown by local purchasers,” he says.
Just 42 apartments remain available at this well situated residential development, only minutes from Umhlanga village and the beach and within walking distance of Gateway Theatre of Shopping.  The remaining units range from one to three bedroom apartments priced from R995 000 to R2.6 million as well as two three-bedroom, three bathroom penthouses priced at R5.5 million. VAT is included and there is no transfer duty.

Shenk says in addition to buy-to-let investors, some are purchasing for their own use or for the use of their older children, given the convenient location so close to Gateway as well as the 24-hour security in the complex, with CCTV coverage. There is lift access to all floors and one parking bay per unit is included in the selling price with extra parking available to purchase at extra cost.

All units in this 10-storey development have sweeping sea views and attention to the finest design details and standard of finishes. Adding to the luxurious feel of the development is a large reception area, beautiful rim flow swimming pool with inviting poolside entertainment areas.

Issued by Gaye de Villiers


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
    • 19 Feb 2018
      Situated approximately halfway between Johannesburg and Pretoria, Midrand was established in 1981 and forms part of the City of Johannesburg Metropolitan Municipality. It has become one of the major business hubs in the country with major pharmaceutical, textile, telecommunication and motoring giants situated within its boundaries.
    • 19 Feb 2018
      The PayProp Rental Index Annual Review of 2017 shows that the rental market suffered from much volatility during the year. It kicked off with rental growth spiking in January with weighted year-on-year growth (YoY) growth peaking at 8.3% before dropping to 6.34% in July, dipping down to less than 5% in November and then experiencing a slight uptick at 5.75% in December.
    • 19 Feb 2018
      While most homes in cluster complexes, estates and other gated communities come with at least one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
    • 15 Feb 2018
      One positive consequence of the financial crash in 2008 was the rise in consumerism, especially in the property market, where buyers have steadily become more knowledgeable and more value conscious.
    • 15 Feb 2018
      While most homeowners will take the agent’s commission into consideration when they are trying to determine what the will get out from the sale of their property, many often forget to factor in the other costs involved in a home sale, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news. Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it’s a double-edged sword as the market also will come under increasing pressure from factors like declining disposable income levels.
        
    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