Af­ford­able, se­cure homes in the sub­urbs

Agents re­port a warm re­sponse to Black­heath’s first ‘se­cu­rity vil­lage’

Weekend Argus (Saturday Edition) - - PROPERTY -

THE lack of sup­ply of af­ford­able hous­ing has re­sulted in more and more de­vel­op­ments be­ing built to meet this grow­ing de­mand, says Charles Louw of RE/MAX Prop­erty As­so­ci­ates.

Louw, whose of­fice is in Brack­en­fell, says buy­ers have been par­tic­u­larly in­ter­ested in ar­eas like Black­heath, one of Cape Town’s north- easter n sub­urbs.

“There has been a grow­ing de­mand in this area from buy­ers for af­ford­able hous­ing op­tions. Re­quests for prop­er­ties priced be­tween R400 000 and R600 000 are in­creas­ing monthly in the Black­heath area. As a re­sult, a fair num­ber of de­vel­op­ments have been built here and in sur­round­ing sub­urbs.”

One such de­vel­op­ment in Black­heath is Green­fields Vil­lage, the only se­cu­rity vil­lage in the area, and it is prov­ing pop­u­lar with buy­ers, Louw says.

“With fewer sec­ond- hand prop­er­ties avail­able for buy­ers, new de­vel­op­ments such as Green­fields Vil l a g e have en­joyed great suc­cess over the past few months.

“The de­vel­op­ment’s se­cu­rity fea­tures have also greatly added to its ap­peal, as many prop­erty-buy­ing de­ci­sions are driven by safety el­e­ments.”

Adrian Goslett, chief ex­ec­u­tive of RE/MAX of South­ern Africa, says se­cu­rity has be­come one of the main fac­tors in­flu­enc­ing de­ci­sions about which home to buy.

“South African home buy­ers are among the most se­cu­rity- con­scious in the world, which is why prop­er­ties in se­cure es­tates or com­plexes are sought af­ter and show a greater re­turn on in­vest­ment,” says Goslett.

Apart f rom the se­cu­rity

‘Prop­er­ties in se­cure es­tates or com­plexes are sought af­ter and show a greater re­turn on in­vest­ment’

as­pects of the de­vel­op­ment, such as an elec­tric fence, armed re­sponse and an ac­cess­con­trolled en­trance, Green­fields in­cludes a chil­dren’s play­ground, gar­den ser­vices for all own­ers, open pub­lic spa­ces and the main­te­nance of sprin­kler sys­tems. It is also close to schools, shop­ping cen­tres and trans­port routes.

“The de­vel­op­ment is geared to­wards a fam­ily life­style and build­ing a sense of com­mu­nity, where neigh­bours feel like neigh­bours and not like dis­tant strangers,” says Louw.

He says that Green­fields Vil­lage has 93 houses with three plans for buy­ers to choose from in two- and three-bed­roomed for­mats.

The en­try-level 50m², twobed­roomed units cost from about R445 000, the 60m², three­bed­roomed units are priced from R499 000 and the 70m², three- bed­roomed units from R559 000.

Louw says that for would-be buy­ers to qual­ify for fi­nance i n t h e s e p r i c e b r a c ke t s , they would have to be earn­ing a ba­sic salary of about R14 000.

“So far, sales have been suc­cess­ful and only 38 houses are left,” he says.

Ac­cord­ing to Louw, some of Black­heath’s sur­round­ing sub­urbs also of­fer buy­ers af­ford­able buy­ing op­tions.

Among them is Den­nemere, where two-bed­roomed homes cost about R460 000 and three­bed­roomed homes sell for about R510 000.

Slightly more ex­pen­sive homes can be found in sub­urbs such as Austinville and Gaylee, where houses are priced at about R650 000 on av­er­age.

Call Corena Botha at 073 604 6454 or send her an e-mail at corena@re­maxpa.co.za.

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