select
|

Sales activity picking up at St Francis Links

Sales of vacant plots have picked up apace at St Francis Links golf estate in St Francis Bay, says Richard Arderne, area principal for Pam Golding Properties.

“In the past six weeks we have sold five plots, which include one of the highest prices achieved in recent years for an undeveloped erf on the estate. This was R1.2 million for a plot of 1227 square metres. The last plot in St Francis Links which sold for over R1 million was also sold by Pam Golding Properties at R1.25 million, about two years ago,” says Arderne.

“However, plot prices at St Francis Links remain at a level which reflects an average discount of 50 percent off the original prices, offering good value for money. Currently we are seeing a demand particularly for fairway plots in the R250 000 to R500 000 range,” he says.

Progress on site continues, with construction well under way with five homes currently being built and another 15 construction projects for homes on the estate in the planning and approval stages.

Set on 450 hectares with open space to live, walk, run, cycle and simply enjoy the view, St Francis Links is a secure, gated community where nearly all municipal services, from the delivery of potable water and electricity to the removal of refuse, are carried out by the estate team. Levies include the cost of providing these services and also cover the cost of security, administration, estate staffing, environmental programmes and road and verge maintenance. The municipality has granted homeowners a 20 percent discount on rates to offset a portion of these costs.

Every property owner is also a member of the club with unlimited golf for the principal member as well as significant savings for family members and guests. Annual subscriptions contribute to maintenance, professional and operational services that contribute to the running of St Francis Links’ Top-10 rated (in South Africa), Jack Nicklaus designed golf course and nationally acclaimed club operation. Property owners also have sole access to the new leisure centre’s gym and heated pool – with a retractable roof.

Says Arderne: “St Francis Bay in general has experienced brisk summer property sales and St Francis Links with its own private nature reserve, walking trails, abundant flora and fauna and low density development, is a popular choice for primary or leisure use. Within easy commute of Port Elizabeth with daily flights to all cities and a range of quality schools in the area, St Francis Links has high appeal for families, particularly as the levies are reasonable when compared with similar estates and coupled with the fact that the estate is constantly being upgraded.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
        
    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