Young at heart enjoy life
An upmarket retirement development has bought new meaning to the concept of taking it easy. Lea Jacobs takes a look at what is on offer for active people over 50
WHEN Hillcrest on the outskirts of Durban, was founded back in 1885 it was touted as a farming or weekend village. Things have changed somewhat and today it has been transformed into a vibrant residential area.
Set above Durban, the area offers residents some respite from the humid conditions associated with coastal living, and although it has always been a popular spot, sales in the area have been driving development since the early 1990s. There are a number of reasons for this, including the excellent schools in and around the suburb that offer both private and state education.
The fact that the region still boasts a village atmosphere remains a drawcard and the latest statistics from the Knowledge Factory’s SAPTG indicate that 65 property transfers in both the freehold and sectional title sector have taken place over the past 12 months. The predominant price band for a freestanding home ranged from R1,5m to R2m, while the average price paid for a sectional title unit was between R1m and R2m.
Le Domaine, an estate in the area for active over-50s, was voted the best retirement village in the Daily News Your Choice competition. It offers its older residents a wealth of sports facilities, including swimming pools (indoor and outdoor), tennis courts, a bowling green, a gym and a cinema. In addition, the estate offers birdwatching and kilometres of walking, jogging or cycling through indigenous landscaped gardens and along waterways and wetlands.
Marketed by Wakefields Real Estate, the latest offering offers spectacular views over the estate’s landscaping and waterways.
Priced at R4,2m, this 340m², first floor apartment is well designed. It has an entrance portico, two lounges — one formal — and a sun lounge that opens on to a glass-enclosed patio, a dining room and three well-sized bedrooms, the main en suite with a walk-in dressing room. Two of the bedrooms open onto a patio.
There is a separate full bathroom, cloakroom, study, a fully fitted kitchen, scullery, linen room, drying yard and double garage.
The living areas have finishes from imported Travertine tiles. The property is well situated, within easy walking distance of Club de Vie and the sports facilities.
“The concept of Le Domaine, which embodies fine, healthy living and longevity, has been one of the most successful in the country, ensuring good demand for units and rentals,” says a director of Wakefields Real Estate.
“Since the middle of last year there has been a flurry of sales activity, particularly around the R1,3m level, and we expect demand to rise further as the estate is nearing completion. In all, there are only about 36 units available for sale direct from the developer.”
He says that the final village, Village Versailles, was launched earlier this year and already all its freestanding units have been sold, leaving only 24 one and two bedroom apartments for sale from the developer, with no transfer duty. Unit prices range from R754 000 to R1,316m.
“When it comes to amenities Le Domaine is difficult to beat. Club de Vie is one of the finest clubhouses in the country. The care centre Soins de Vie is a worldclass facility, with well-trained nursing staff that utilise the latest Swiss technology. Residents also enjoy the latest technology from 24-hour online internet to satellite television and free internal phone calls.”
A levy stabilisation fund ensures that levies remain affordable and major maintenance expenses are met.
“As an investment, Le Domaine has proved successful and it is expected that the development will continue to sell at a premium in years to come,” he says. Price: R4,2m Contact: Wakefields Real Estate 031 716 8008
This spacious unit in the Le Domaine development, situated in Hillcrest, KwaZulu-Natal, offers an exclusive lifestyle for the over-50s.