Con­stan­tia val­ley se­cu­rity es­tates of­fer some­thing for all pock­ets and tastes

Weekend Argus (Saturday Edition) - - PROPERTY -

SE­CURE ES­TATES con­tinue to at­tract buy­ers, and those in the Con­stan­tia val­ley are pop­u­lar for their cen­tral lo­ca­tion, views and hi-tech se­cu­rity.

Pam Gold­ing Prop­er­ties’ area man­ager for the south­ern sub­urbs, Howard Markham, says in Tokai there are op­tions to suit ev­ery pocket. He says sales ac­tiv­ity has been quiet but steady in 2011, and the cur­rent range of stock in­cludes a wide va­ri­ety of homes and pric­ing op­tions.

Set on the old­est farm in the Con­stan­tia val­ley, Steen­berg Es­tate is the flag­ship se­cure de­vel­op­ment in the area, with 210 res­i­den­tial er­ven scat­tered around an 18- hole cham­pi­onship golf course. Ev­ery house fronts on to a fair­way, and strict de­sign guide­lines en­sure that all build­ings blend har­mo­niously with the nat­u­ral sur­round­ings.

The es­tate has more than 60 hectares un­der vine, and its moder n win­ery pro­duces award-win­ning vin­tages. Other fa­cil­i­ties in­clude the his­tor­i­cal manor house, which has been con­verted into a lux­ury ho­tel, as well as a spa and two restau­rants – Catharina’s and Bistro Six­teen82.

Prices at Steen­berg tend to range from around R10 mil­lion to R18m. Markham says sales in the es­tate have been quiet this year, with just four reg­is­tered at the deeds of­fice by the end of last month. How­ever, he says sales ap­pear to be fol­low­ing their typ­i­cal pat­tern of pick­ing up into the fi­nal quar­ter of the year, and PGP has no­ticed an in­crease in en­quiries since Oc­to­ber.

PGP agent Tina Roberts sold t wo S t e e n b e r g h o mes i n Novem­ber, at R10.85m and R11.25m. She says the typ­i­cal buyer pro­file in­cludes re­tired cou­ples and for­eign buy­ers.

Along­side Red­dam House, Sil­vertree Es­tate is pop­u­lar with par­ents whose chil­dren at­tend the school – the es­tate has its own en­trance into the Red­dam grounds. This lo­ca­tion pro­vides easy ac­cess to the Blue Route and is also sought af­ter by peo­ple work­ing in the nearby Steen­berg and West­lake of­fice parks.

The es­tate has about 180 homes set on plots of 600m2 to 1 600m2 . Se­cu­rity f ea­tures in­clude the lat­est bio­met­ric ac­cess con­trol, a CCTV cam­era net­work and 24-hour ve­hi­cle pa­trols that pass ev­ery home at least twice an hour.

Prices range from around R4.5m to R14m, with an av­er­age of six or seven sales a year. Roberts equalled the high­est price paid for a Sil­vertree prop­erty in Jan­uary this year, when she sold a four-bed­room house for R7.8m.

“Buy­ers here are pre­dom­i­nantly fam­i­lies with chil­dren f rom pre- school t o ma­tric l e v e l , ” s a y s Ma r k h a m , “although there are also a few re­tired peo­ple. Chil­dren can leave their bikes out, play in the road in safety and walk to school with­out ever leav­ing a se­cure perime­ter.”

At the base of Ou Kaapse Weg is Stone­hurst Moun­tain Est a t e, c o ns i s t i ng o f t he smaller Stone­hurst Close with 30 units, and the larger Stone­hurst Vil­lage with 82 er­ven. Es­tab­lished about five years ago, the es­tate is in an el­e­vated po­si­tion back­ing onto the West­lake golf course, and has views of the Con­stan­tia val­ley, the sur­round­ing moun­tains and False Bay. It is now be­gin­ning to reach ma­tu­rity, with its gar­dens es­tab­lished, a num­ber of prop­er­ties un­der con­struc­tion, a nd hi g her- t han- ave r a g e turnover of plots and built homes.

PGP’S man­ag­ing di­rec­tor for t h e West e r n Cape metro re­gion, Lau­rie Wener, says the es­tate’s en­try-level town­houses are most pop­u­lar.

“This es­tate has a life­style cen­tre with a gym, a pool, a bar and a func­tion area,” she says, “mak­ing it par­tic­u­larly ap­peali ng t o younger, phys­i­cally ac­tive buy­ers.”

Prices at Stone­hurst range from around R2.65m for starter units to R11.5m for large lux­ury homes. Wener says there have been a num­ber of in­vest­ment buy­ers, most of whom are en­joy­ing solid rental re­turns driven by high de­mand.

“This es­tate is def­i­nitely still a good long-term in­vest- ment prospect,” she says, “and we ex­pect its pop­u­lar­ity to in­crease as the fi­nal va­cant er­ven are de­vel­oped.”

PGP has sold two prop­er­ties on the es­tate this year, for R2.7m and R3.1m.

One of the small­est es­tates i n t he area i s Sil­ver­steen Es­tate, a de­vel­op­ment of just 13 homes on the slopes along­side Ou Kaapse Weg, with views of the Con­stan­tia val­ley and False Bay. The es­tate was de­vel­oped about 10 years ago, and tends to be favoured by es­tab­lished fam­ily buy­ers, typ­i­cally aged 40 to 55. Homes are gen­er­ally priced be­tween R10m and R12m.

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