Renewed activity in Upper Durban North

Upper Durban North has always been one of KwaZulu-Natal’s most prestigious residential suburbs. With its established gardens, large properties, palatial homes and classic Georgian styling, it’s often regarded as the ‘Constantia’ of KZN, says Carol Reynolds, Pam Golding Properties area principal in Durban North and La Lucia.

“Among the area’s many desirable features are its proximity to good schools, beaches, Durban CBD, the uMhlanga and La Lucia office estates and the new King Shaka International Airport. Upper Durban North is arguably one of the most conveniently situated nodes in the province.”

Reynolds says as a result of its large proportions and central location, Upper Durban North has always been highly sought after and tends to attract wealthy families and business people looking for privacy, class and elegance. “Indeed, with all the new development along the northern coastal belt, it is becoming difficult to find beautiful established properties with the appeal of solid, traditionally built structures and expansive proportions.  

“During the past five recessionary years, we saw a slowdown in the residential property market generally - but particularly in the upper end, as those homeowners who were not compelled to sell due to financial pressure held onto their properties rather than entering a market in which prices were not being achieved. Now that there has been greater demand from the buyer pool, these larger homes are coming back onto the market and purchasers are showing a greater appetite for this higher price bracket.

“However, while there is a renewed sense of optimism, accurate pricing is still a key driver of sales. Today’s buyers are well informed regarding the market and will not consider putting pen to paper unless the value offering is fair and realistic – and market-related. Having said that, sellers are beginning to understand the importance of correct pricing, and even at this higher end of the market, when properties enter the market at the correct price, they are selling,” says Reynolds.

Currently, Pam Golding Properties is marketing a collection of prestigious homes in Upper Durban North. One home of particular significance is situated in the highly sought after Monteith Estate, a small, extremely exclusive estate with excellent security.  “It is rare to acquire stock in this prestigious estate, as homeowners seldom leave this prime location. At present we are marketing a four bedroom mansion with fully self-contained flatlet in secure, gated Monteith Estate, priced at R11.95 million. The property commands very scenic inland views and rests on a level manicured garden with a wraparound veranda and gracious entertainment area - all flowing out to the pool and sauna room. This is an ideal investment for a discerning buyer.  

“Another unique buy currently in this collection is a gracious home set in park like surrounds of over 4000 square metres. This sub-divisible property is the epitome of style and elegance and includes five bedrooms, large outbuildings and a tennis court. Set in a quiet cul-de-sac and both private and secure, this home offers country-style living in a convenient, sought after location and is priced at R7.9 million,” she says.

Also in a prime location, in nearby Monteith Place is a large modern masterpiece. This home offers every ‘mod-con’ available and boasts exceptional sea views, floodlit tennis court, gym, flatlet and two studies. It includes four bedrooms, open-plan living rooms and an entertainment area that flows to the pool and outside viewing deck. Adds Reynolds: “This is a sound buying opportunity, priced at R11.9 million.”

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