A further 82 homes have been released for sale in the
Developed by Visual International, Stellendale Village was named in October by the SA Housing Foundation as the 2007 housing project of the year for units of over R80 000.
Already more than 270 homes have been sold at what is the first project in the
Peter Grobbelaar, projects director of Visual International, says that the private/public partnership incorporated in
Grobbelaar says they will look like the other homes and have exactly the same external specifications, but they will be marginally smaller and have a more basic internal schedule of finishes.
The village which will ultimately comprise 1 500 homes, is located adjacent to the Stellenbosch Arterial Road in Kuils River in a growing community served by a hospital, seven public schools and three private schools. It is within walking distance of a major new shopping centre and within 2km of the R300, 5 km of the N1 and 8 km of the N2.
“The sales success of
“Most sales have been to owner occupiers – first-time buyers, young professionals, couples, and small families, looking for a modern , secure lifestyle. Investors have been buying because of good capital growth, and the relatively high rent to capital value compared with other areas in the
All homes at Stellendale which has an electrified fully walled perimeter and one 24-hour manned entrance/exit for vehicles and pedestrians, are enabled for ‘always on’ internet and DStv.
Prices range from R470 000 to R690 000 (excluding the GAP units) for 42m2 two-bedroom semi-detached, one-bathroom to 81m2 three-bedroom, 1½ bathroom freestanding homes.
Grobbelaar says the cornerstone of the success of
“Pocket parks and green corridors throughout the development have created safe playing areas within view of homes for residents and their children. Speed humps exist on all roads ensuring that pedestrians can walk around comfortably and children can play safely,” he says.
“Indigenous trees have been planted on the playing areas, between the parking bays, and along the internal roads, and proper irrigation installed throughout.
“All the playing areas, open spaces and other open areas are lawned and maintained by the home owners’ association and bodies corporate.”
Grobbelaar says highly qualified management agents have been employed to manage
The latest release – of 82 homes, including 10 GAP houses – is in a phase called Steenberg. Services installation will start early in 2008 and completion of the houses is expected to be early in 2009. They are being marketed by Heico Property Solutions from an on-site show house following the sell-out of earlier phases called Newlands (89 homes) and Silvermine (88 homes).
Also under construction is a phase called Bishopscourt (130 homes with 14 GAP houses) which will be completed in mid-2008. More than 80% of these homes have already been sold by Heico.
Phases five and six will follow Steenberg and town planning for the future phases of