Early investors are reaping profits at Bardale Village
PHASE TWO of the eight-phase Bardale Village, a security lifestyle village in Kuils River, is about to be launched. This will consist of 423 homes to the 538 built so far – of which nine still remain to be sold.
As before, the homes will be in a Cape Dutch style with flat roofs, parapet walls and curved gables complemented by pale ochre façades.
Prices range from R383 990 for a 58m² two-bedroom unit to R524 990 for a 112m² four-bedroom unit. All the one-bedroom units have been sold.
Those who had bought at the launch in 2004 have already seen a capital appreciation of 40 percent in the value of their homes, says Michael Bauer, managing director of IHPC (Pty) Ltd, which is control- ling the development.
“Bardale Village is the most ambitious private enterprise affordable housing project on the go in Cape Town at present. It will consist of 3 500 homes covering a 90ha site and the marketing and construction programmes could continue right through to 2020, although a big sales pickup is expected from the middle of next year,” says Bauer.
“We have made it our aim to create value and standards that would not normally be found in this price range.
“We install solid wood counter tops in the kitchens, built-in cupboards in the bedrooms, carpeting with felt underlays in the bedrooms, baths and showers in the bathrooms, and in the larger units the main bedrooms are en suite… Noth- ing quite as good as this has been seen previously at these prices in the Western Cape.”
The village is encircled by electrified fencing with CCTV cameras at critical points. Each will have its ow n h o me o wne r s ’ a s s o c i a t i o n responsible for security, among other things, and every house will also have its own burglar alarm.
All communal areas are landscaped and about 2 000 trees will be planted on the 90ha estate.
Bauer says the communal facilities will include two shopping centres, commercial and medical centres, as well as two primary and two high schools.
The developer has been in talks with the Department of Education and hopes to get the go-ahead on a public/private partnership proposal that will greatly speed up the construction of the schools.
Bauer says the satisfactory takeup by buyers despite the recession of the past 18 months can be attributed to having well-trained property consultants on site as well as an on-site ooba bond origination office.
Bauer says investors are reaping rents of R3 200 a month for a twobedroom unit and R4 200 for a fourbedroom unit. This equates to gross returns, before levy deductions of 10 to 12 percent a month.
He says Bardale Village is ideally placed for commuters travelling to Bellville, Durbanville, Century City, Stellenbosch, Somerset West and the Cape Town CBD.
Call the site sales office on 021 9090 301 or visit www.bardale village.co.za.