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SECURITY ESTATES IN HIGH DEMAND ON KZN NORTH COAST

Property buyers are prepared to pay more for homes within a 24-hour guarded and patrolled estate, says Gareth Bailey, Broker/Owner of RE/MAX Address, which services Umhlanga and its surrounding areas on the KwaZulu-Natal north coast.


“We have seen a trend developing due to the lack of gated estates in Umhlanga and the surrounding areas, where demand has strongly increased for property within secure developments and many buyers are prepared to pay more for their peace of mind,” says Bailey.


Adrian Goslett, CEO of RE/MAX of Southern Africa says: “The constant surveillance and security patrols that are commonly found within security estates attract buyers to these developments and there is consistently a strong demand for these kinds of properties due to the lifestyle elements they offer.”


Situated just 20 minutes from the King Shaka International Airport is Izinga Ridge estate, one of the secure estates in the Umhlanga area that has been performing really well recently.  Not only is it a secure gated estate but it is also situated in a prime position that has easy access to major motorways and amenities such as the Umhlanga Hospital, schools, restaurants, entertainment facilities and the Gateway Theatre of Shopping - the largest shopping mall in the Southern Hemisphere.


“So many more amenities are available to residents as the commercial development within Umhlanga has been phenomenal; it is amazing to think how this coastal village has been transformed into the commercial hub it is today.  This has had a positive contribution to the residential property market in the area and house prices have grown massively here over the past few years.  Investors looking to buy into estates within this area can be assured that they will see a good return on their investment,” says Bailey.  


Statistics from Lightstone show that the average price of a freehold property in Umhlanga is around the R3,364 million mark and there have been a total of 229 sales concluded in the area over the past year, of which 75 have  sold for more than R3 million.


Bailey says that RE/MAX Address is currently marketing a R8,9 million property in the estate that can only be described as an architectural masterpiece.  Designed by Sagnelli Architects with marble floors and top quality finishes throughout, it offers four spacious bedrooms all with en-suite bathrooms, a gourmet designer kitchen and scullery, large second lounge or study, guest cloakroom, Kiaat staircase in a double volume dining area with a glass roof.  There is also a triple garage and extra visitors’ parking, staff facilities, covered patio with a rim-flow pool and an established manicured garden with a sprinkler system.


“The general consensus is that we are experiencing a buyer’s market and factors such as low interest rates are a huge advantage for those looking to get into the market.  Even so, investors should still look at the location and type of property they buy into, with secure estates in up and coming areas as one of the main property types on the KwaZulu-Natal north coast which will provide the best return on investment in the long term,” concludes Bailey.


For more information on properties within Izinga Ridge Estate or others in the Umhlanga area contact RE/MAX Address Umhlanga on 031 561 5032.    



ISSUED BY SQUARED COMMUNICATIONS


ON BEHALF OF RE/MAX OF SOUTHERN AFRICA



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