Constantia valley security estates offer something for all pockets and tastes
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.