Many of today’s home buyers is finding a primary residence in a secure location and with a sense of security - therefore the trend towards gated estates.
However, according to Stephen Murray, manager of Pam Golding Properties George office, a further influential factor which is playing an increasing role in the purchase decision is being able to live in a serene, countrified environment which is still within easy reach of city or town amenities.
Situated between the Fancourt Links and George Golf Course in the heart of the Garden Route’s golf hub, and just four minutes’ drive from the centre of George, the 212 hectare Kingswood Golf Estate is popular among buyers from around the country as well as overseas.
With easy access to all amenities including shopping centres, the highway, airport and its scenic surrounds makes it a real ‘urban’ alternative with the benefit of being in a gated community with the sense of space that the golf course provides. Against a majestic backdrop of the Outeniqua Mountains and with a riverine jogging trail and cycle paths, boardwalks and a recreational oval, this has become a suburb in itself, yet with all the advantages of ‘country’ living. The river which runs through the estate has been rehabilitated and is maintained for a better, green environment, further complementing the magnificent, scenic setting.
The majority of buyers at Kingswood Golf Estate are from Gauteng, as well as the Garden Route, elsewhere in the Western Cape and overseas, there is increasing interest being shown by home buyers in Bloemfontein Murray says.
Approximately 90 percent of the homes already constructed on the estate are permanently occupied, and rentals are highly in demand. To date 545 stands at Kingswood Golf Estate have been serviced on the estate, 192 houses completed, and a further 49 plans approved, while another 15 homes are currently in the process of being built. There will ultimately be approximately a total of 1000 stands on the estate.
Says Murray: “The properties that have been built are generally occupied by owners and tenants due to the good positioning of the estate, and rental properties at Kingswood Golf Estate are in demand. While the highest price achieved by Pam Golding Properties on the estate is for a home which fetched R4.25 million in 2011, there is good value available and vacant stands of approximately 850sqm can be had from just R400 000 (VAT included).”
Completed homes are being marketed from R2.5-R5.6 million, and of particular interest is a 600sqm home with superior finishes with an asking price of R3.9 million. ‘Cluster’ units are being marketed from R1.7-R2.2 million.
According to a Lightstone report recent buyers in the George area are predominantly in the 36-49 year age group. The report further states that 2011 saw an increase of sales in Kingswood Golf Estate, with 2012 expected to be in line with this. According to Murray they believe that those buying at the estate now are planning to build and not speculate with vacant land. This is a healthy situation for the estate, as it indicates a continuance of the trend towards permanent owner-occupiers.
The Lightstone Suburb report also ranks Kingswood Golf Estate 4th highest in terms of standard valuations in George. The value-for-money factor of the vacant stands makes this a real proposition for people considering relocating there. The legacy of the speculative vacant stand market from a few years ago has meant that real opportunities have been available over the past few years, which will presumably diminish in the future.
Stands are priced from R400 000, this is exceptional value from any golf estate perspective, especially when one considers the cost of land and services and the scarcity of such prices on golf estates in the region. The homeowners association is in the process of obtaining quotes for the electrification of the boundary fence and camera surveillance with facial recognition capabilities at the entrance gates, which will further increase security on the estate.
Top golfers who regularly play at Kingswood are Val Holland, the SA Women’s coach; Sandra Winter, SA Mid Amateur Champion; and Southern Cape provincial players Dan Tromp, Dawie de Villiers, Denon Kruger, Maggie du Toit, Chrismarie Horn and Mohit Mediratta. The golf course has a minimum of three tee locations per hole, catering for all levels of experience from amateurs to professionals.
For further information contact Debra Bouwer on 071 114 0442 or 044 874 6619 or email firstname.lastname@example.org