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Good buy-to-let prospects in Mount Edgecombe estate

It’s no secret that the massive commercial developments in and around Umhlanga over the past few years have created a huge demand for rental properties in this part of KwaZulu-Natal – and nowhere more so than in secure and established estates such as the Mount Edgecombe Country Estate.


3 Bedroom House for sale in Mount Edgecombe
 
So says William Campbell of Sotheby’s International Realty in Umhlanga, which facilitates many sales and rentals in this exclusive estate. “Rental homes in Mount Edgecombe are particularly sought-after by executives of national and multinational companies who are moving to this area on three to five-year work assignments,” he notes.
 
“It is known to provide a high level of personal safety and a peaceful lifestyle for families while still being close to business centres, private and public schools, the Gateway mall, and medical facilities as well as Umhlanga’s trendy beaches, pavement cafes and restaurants.
 
“The Mount Edgecombe Country Club also offers residents of the estate a variety of activities, including golf on one of the best courses in SA, bowls, tennis and squash, and has its own upmarket restaurant. And for those who need to travel on business regularly, the estate is just 10 minutes’ drive from the King Shaka International airport – and in fact operates its own airport shuttle service.”
 

3 Bedroom Townhouse for sale in Mount Edgecombe

However, Campbell says, the estate also attracts many South Africans, from young professionals working in Umhlanga to families with children of all ages, and empty-nesters who want the freedom to lock-up-and-go when they please.  “And it offers a range of properties to meet all their different needs, including townhouses and apartments as well as very large family homes, so monthly rentals can range from R11 000 all the way up to R40 000.
 
“These are admittedly high in comparison to rentals for properties outside the estate, but there is a shortage of supply thanks to constant high demand, so these properties are good prospects for buy-to-let investors.”
 
Mount Edgecombe properties currently for sale, says Campbell, range from starter apartments and duplex units that are available at prices from around R1,5m to luxury homes that are on sale for more than R40m.
 
“However the highest demand at the moment is for simplex units priced at between R3,3m and R3,8m, and for well-positioned freestanding homes priced at R5m to R6,5m.”


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