On course to get into the swing

In­vestors are still will­ing to pay a premium for the right ad­dress on the right golf course. Lea Ja­cobs re­ports

Business Day - Home Front - - HOMEFRONT -

GOLF es­tates of­fer more than good liv­ing — they of­fer great in­vest­ment growth as well, says Keith Col­ley, MD of Se­eff Som­er­set. That said, he be­lieves that buy­ers are still more in­ter­ested in the life­style of­fered, with many choos­ing these as their pri­mary res­i­dence with a good re­turn on their in­vest­ment as an added bonus.

“Es­tates such as Erin­vale Golf Es­tate in Som­er­set West of­fer a unique coun­try life­style and the pres­tige of exclusive es­tate liv­ing — an at­trac­tive op­tion for ex­ec­u­tives and fam­i­lies,” he says.

Se­eff man­ager Loretta Diab says that a se­cure vil­lage life­style has greater ap­peal be­cause of the rapid ur­ban­i­sa­tion of the coun­try’s ma­jor me­trop­o­lises, and that up­per-in­come buy­ers are not de­terred by com­mut­ing to a city daily.

The es­tate is set in Som­er­set West, the en­trance to the wine route, not far from the In­dian Ocean’s wa­ters and sandy beaches and against the dra­matic back­drop of the Helderberg and Hot­ten­tots Hol­land moun­tain ranges.

“Golf Es­tates such as Erin­vale of­fer a winelands set­ting sur­rounded by beau­ti­ful moun­tains, yet with beaches a mere 10 min­utes away. Cape Town is half an hour’s drive away and the air­port is en route. The 150ha es­tate in­cludes a golf course de­signed by Gary Player and fa­cil­i­ties such as a club­house, tennis courts and park-like gar­dens. It is close to wine es­tates and a fyn­bos na­ture re­serve.”

Diab says that the de­mand for, and in­her­ent sta­tus of, golf es­tate res­i­dences is re­flected in the prices, which are gen­er­ally at the up­per end of the scale. These homes pro­vide a pres­ti­gious set­ting for ex­ec­u­tive en­ter­tain­ment as well as a se­cure coun­try­set­ting to raise chil­dren, with top schools and fa­cil­i­ties mere min­utes away.

She says that Erin­vale Golf Es­tate re­mains a blue chip prop­erty in­vest­ment de­spite the down­turn in the mar­ket.

“Dur­ing the past year 10 homes have sold here at an av­er­age price of R5,63m and two above R10m. There has been no drop in the av­er­age price, which was R4,9m in 2008, now up by 15,06%. Since 2004 the av­er­age price of homes here has grown by 51,5%, from R3,72m.”

Homes in the es­tate are lux­u­ri­ous, set on large plots and are con­se­quently priced up to R14m, such as the Os­prey Lane villa that Se­eff is cur­rently mar­ket­ing.

Set on a stand of 1 988m² with a fyn­bos gar­den, the villa of­fers 650m² of floor space and in­cludes six bed­rooms with en suite bath­rooms.

The dou­ble-storey home of­fers ex­ec­u­tive liv­ing and is built with en­ter­tain­ment in mind. Up­stairs ter­races pro­vide the op­por­tu­nity to en­joy the tran­quil sur­round­ings, while the ground-level en­ter­tain­ment pa­tio over­looks a pri­vate swim­ming pool and stun­ning moun­tain views. Additional fea­tures in­clude a games room, util­ity room, work room, study, sauna, golf cart room and a wine cel­lar, as well as garag­ing for three ve­hi­cles.

Price:

R14m

Con­tact:

Se­eff Prop­er­ties Loretta Diab 082 416 6982 Of­fice 021 851 4141

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.