New 54-unit development for Macassar

MACASSAR, the small suburb just south of the N2 and 12km from Somerset West, is set to get a new housing development.

Macassar Village Estates will consist of 54 homes in four sizes: 47m 57m2, 65m2 and 73m2. The homes will all have monopitched roofs and two or three bedrooms. Communal and bathroom areas will be tiled and buyers have a choice of laminated wood or carpeted floors in the bedrooms.

The price includes a stove in every unit, built-in cupboards in the bedrooms, blinds, burglar bars and safety gates on the external doors. Each unit will have a starter garage and the remainder can be added to each unit at extra cost.

“All homes are freestanding and on their own plots, and prices vary from R320 000 to R448 000,”says Adelaide Wildschut, the Rawson Property Group’s franchisee for the area.

“Most buyers will have to be earning a combined income of at least R9 500 a month and we expect nearly all the buyers to apply for 100 percent bonds.”

Macassar i s s ometimes r e f e r r e d t o a s t he Cape’s “sleepy hollow”, but Wildschut says it has always had an active home sales market.

“A flourishing taxi industry ensures that residents can reach Somerset West, Strand, the Rheinmetall Denel munitions factory and various transport depots relatively easily.

“With the help of Rawson Finance, our success rate for getting bonds is about 60 percent, but credit record blemishes that can cause bonds to be denied can be very minor indeed. Quite often they are simply the result of forgetfulness rather than deliberate unwillingness to pay,” says Wildschut.

The large number of people unable to obtain bonds has boosted the Macassar rental market and monthly rents can vary from R2 000 to R6 000. The number of buy-to-let investors is small but is steadily increasing, says Wildschut.

Call Adelaide Wildschut on 082 748 1274 or email adelaide wildschut@rawson.co.za.