Sea­side vil­lage in its own class

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THE KwaZulu-Natal north coast from Umh­langa to Bal­lito is one of the most de­sir­able res­i­den­tial lo­ca­tions along the KwaZulu-Natal coast­line.

This is ev­i­dent in the tremen­dous growth over re­cent years; growth which can only ac­cel­er­ate given gov­ern­ment’s plans for this north­ern cor­ri­dor which in­clude a pro­posed R5bn provin­cial gov­ern­ment-led in­vest­ment in the es­tab­lish­ment of Dube City. This is on top of the ad­vent of the King Shaka In­ter­na­tional Air­port and the Dube Trade Port.

“The King Shaka In­ter­na­tional Air­port now lit­er­ally puts Gaut­eng on the north coast’s doorstep and it’s fea­si­ble for busi­ness­men to work in Gaut­eng while their fam­i­lies live in a lux­ury se­cure es­tate such as Zim­bali. The north coast has the op­por­tu­nity to be­come to Gaut­eng what Con­necti­cut is to New York.” said Keith Wake­field, chair­man of Wake­fields Real Es­tate, KwaZulu-Natal’s largest in­de­pen­dent real es­tate com­pany.

While Umh­langa res­i­dents have grown ac­cus­tomed to the fact that their once sea­side vil­lage is now more akin to Sand­ton, Bal­lito’s res­i­dents are say­ing that their sea­side vil­lage has grown too quickly into a town that it is now larger than Umh­langa and tak­ing on a me­trop­o­lis sta­tus.

Along the M4 from La Mercy you will find the es­tates of West­brook Beach­club, Zim­bali, and Seaward Es­tates. Smaller es­tates in­clude Port Zim­bali, Bal­lito Manor, Sh­effield Manor, Short­ens, Bal­lito Gar­dens, while sev­eral other de­vel­op­ments aimed at en­try level buy­ers have been launched.

One of the first de­vel­op­ments in a class of its own in Bal­lito is the Zim­bali Coastal Re­sort. The es­tate has earned a rep­u­ta­tion as the jewel of the north coast. It is a well- man­aged, fi­nan­cially sound ecoes­tate and there are in­di­ca­tions that Zim­bali’s ex­clu­sive life­style — which has now em­braced the whole fam­ily, from first time buy­ers to re­tirees — has had a pos­i­tive impact on es­tate’s prop­erty mar­ket. For years its per­ma­nent res­i­dents num­bered less than 50%. How­ever, with the ad­vent of the new air­port, and an easy com­mute to Jo­han­nes­burg, it is es­ti­mated that the num­ber of fam­i­lies liv­ing on the es­tate has risen by about 20%.

Se­cu­rity, sig­na­ture golf cour­ses, kilo­me­ters of beach­front and fa­cil­i­ties in­clud­ing a ho­tel set it apart from oth­ers in the area. Those who in­vested when the es­tate was launched 15 years ago are reap­ing the re­wards, while new de­vel­op­ments within the es­tate pro­vide an op­por­tu­nity for buy­ers

Buy­ers are look­ing for a bar­gain that they can ren­o­vate to get into the north coast mar­ket

to take ad­van­tage of more longterm cap­i­tal growth.

Within this es­tate Wake­fields Real Es­tate has a sole man­date on a 510m² home set on 1 160m² of land in Cam­wood Drive. De­signed by Chen Sag­nelli, the home has been con­structed with at­ten­tion to de­tail and fin­ishes sel­dom seen in­clud­ing a se­lec­tion of ex­otic hard­woods that pro­vide rich nat­u­ral tones and blend per­fectly with the other top drawer ma­te­ri­als. The home has three bed­rooms, all en­suite plus an ad­di­tional bath­room, a wood pan­eled study or fourth bed­room, two large lounges, an open plan gourmet kitchen and four entertainment ar­eas, a bar and three au­to­mated garages.

For in­vestors, Bal­lito is a place to watch. De­mand for af­ford­able ac­com­mo­da­tion in the area ex­ceeds sup­ply and prop­erty priced un­der R1,5m sells quickly. There is a grow­ing de­mand for rental ac­com­mo­da­tion and rentals vary from R3 000/month to as much as R35 000/month in an es­tate such as Zim­bali.

Bal­lito’s Life­style Cen­tre is be­ing ex­panded by around 20 000m² while new com­mer­cial and in­dus­trial de­vel­op­ments con­tinue apace.

Wake­field says that the Wake­fields Bal­lito of­fice has re­ported an in­crease in sales vol­umes par­tic­u­larly in the R1m to R1,5m level, and while there is a high level de­mand and en­quiries for prop­erty, there is a crit­i­cal short­age of well priced stock.

At en­try-level, two-bed­room apart­ments are priced from R900 000 while houses are priced from R1,6m ris­ing to R2,5m in es­tates such as Port Zim­bali and Seaward. En­try-level homes in Sim­bithi and Bret­ten­wood are priced up to around R4m. At the mid-level, homes are priced be­tween R5,5m and R7m while at the top-end prop­er­ties sell from R7m up­wards.

“Sell­ers are re­ceiv­ing of­fers lower than ask­ing price and prop­er­ties are sell­ing be­tween 10% and 15% be­low ask­ing price,” says Wake­field. “How­ever, a trend that is de­vel­op­ing is that buy­ers are look­ing for a bar­gain that they can ren­o­vate in an at­tempt to get into the north coast mar­ket at a more af­ford­able level. But th­ese bar­gains are hard to find,” he says. Price: R9m Con­tact: Wake­fields Real Es­tate Tony Kim­ble 082 883 4784 Ri­itta Mes­siter-Tooze 083 308 4492

Michelle Swart

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