Cotswold Downs, one of KwaZulu-Natal’s leading golf estates in Hillcrest, west of Durban, kicks off 2008 with the much awaited launch of its sectional title units on February 10.
Forty units in phase one are being released, 10 in Cheltenham Mews and 30 in Woodchester Mews.
“The launch of the sectional title units is another milestone achievement for the golf estate, which last year celebrated the proclamation of phase two in October and the golf course’s successful first year in November, “ said Keith Wakefield, CEO of Wakefields Estate Agents.
It also coincides with the accelerating private home construction on the estate. With all approvals in hand home owners are able to start building and it is anticipated that 120 homes will be in various stage of construction by year end, albeit owners can build within their own time frame.
The 10 freestanding garden duplexes at Cheltenham Mews are already in various stages of construction, while those at Woodchester are selling off-plan.
Priced from R1 852 500 to R4 156 250, the duplexes offer two and three bedroom options, two bathrooms, fully fitted kitchens with top quality finishes, double lock up garages and some of the finest views on the estate.
Transfer of the sectional title units will take place during 2008, with construction of Cheltenham Mews already underway and Woodchester Mews expected to break ground in March this year.
In total 85 sectional title duplex and simplex units will be developed on the estate, and the remaining 45 phase two units will be launched at a later date. The sectional title units, in addition to 724 freehold sites, put the overall density in the estate at just under three units to a hectare.
Land prices from the developer average around R1 million, however some sites, including re-sales are available from R790 000. The estate is roughly 75% sold out and despite the interest rate movement the sales office continues to be busy.