Neighbourhood DBN - 19 November 2017

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Neighbourhood 19 NOVEMBER 2017

PROPERTY & LIFESTYLE

On track Fashion designer Colleen Eitzen tells us how the vibrant heart of Kloof fits in perfectly with her life, page 2

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SUBURB FOCUS: KLOOF

3

PROPERTY STATISTICS

8

PROPERTY NEWS


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PROPERTY NEWS

19 NOVEMBER 2017

Neighbourhood

Suburb focus

Kloof

Fashion designer, Colleen Eitzen, tells us about her neighbourhood WORDS: ANNE SCHAUFFER IMAGES: SUPPLIED, STEPHEN PILBROUGH & SHANE VAN ECK

C

olleen Eitzen, a local fashion designer, recently moved from the quiet, country setting of the Upper Highway suburbs west of Durban to the heart of bustling Kloof. She deliberately chose a property on an arterial road. “It’s busy and noisy, but I really enjoy the sounds around me and the constant activity.”

Colleen loves her entire house but says the kitchen counter becomes the congregation point whenever she has visitors. “I generally work there too, so it could be called my favourite spot. The house and the kitchen were designed by my closest friends, Greg and Roche Dry of Egg Designs, and my kitchen certainly has a special energy.”

Colleen looked for a while before she found a home that would offer her the convenience and lifestyle she wanted. “Kloof is in close proximity to two of the country’s best schools, St Mary’s Diocesan School for Girls and Kearsney College, and this was important to me because my children were at these schools. My daughter has completed school now, but my son is still at Kearsney.”

Living in the heart of Kloof provides Colleen with quick access to many of the suburb’s popular eateries. Her favourite? “Sprigs, first and foremost – it’s a Kloof icon, and sisters Fiona and Clare are the most wonderful, warm people who never forget anyone. I also love Phuket Thai, which is just up the road, predominantly because of the owner and staff. They have a glass of wine waiting for all their customers and they also never forget a face.”

The fact that many people go past her house as they walk to and from work, run to get some exercise, walk their dogs or ride their bikes makes Colleen feel part of the community. “There’s always that lovely chatter that I can hear over my garden wall. I love the busyness and activity of my road.” Over the years, pockets of central Kloof have become mixed-use areas due to rezoning. Businesses can now be found close to homes and large shopping centres are within walking distance. Many old Kloof houses have been refurbished to house businesses, preserving the area’s country feel. PUBLISHED BY BLACKSTAR PROPERTY PUBLISHING Unit G04, Old Castle Brewery Bldg 6 Beach Road, Woodstock Cape Town, 087 828 0423

Colleen’s son is a boarder at Kearsney and only comes home on weekends. She likes to spend Sundays with him. “He recently received his learner’s licence, so we’ve been out driving a fair amount. We explore the quieter roads in Kloof; they’re perfect for teaching someone to drive! In the late afternoon, I try to walk my two dogs.”

SCHOOLS NEARBY:

DINE OUT: • Phuket Thai: for authentic Thai food • Stokers Arms Restaurant: for good pub grub and a large selection of craft beers • I Love My Coffee: for great coffee and delicious breakfasts • Sprigs: for amazing food made from fresh and organic ingredients • Bellevue Cafe: for hearty and nourishing meals • Jooma Coffee: for tasty cafe food • 1904 Bistro Americain: for mouthwatering American-style diner food

Kloof is about 15 to 20 minutes away from Durban, so when Colleen has a break she heads to the coast. “I’m a beach person, so whether it’s relaxation for a day or a week, any beach will do for me!”

St Mary’s Diocesan School for Girls Thomas More College Kearsney College Highbury Preparatory School Kloof Pre-Primary School Kloof Junior Primary School Kloof Senior Primary School Kloof High School

NATURE NEARBY: • Krantzkloof Nature Reserve, including Kloof Gorge and Everton Conservancy • Kloof Conservancy • Giba Gorge Nature Reserve • Shongweni Farmers Market • Makaranga Botanical Garden

It’s that lovely familiarity which I really enjoy about Kloof and the people. There’s no pretention and I feel that people get along well. COLLEEN EITZEN

EDITORIAL TEAM: Group Editor: Charis Le Riche charisl@yourneighbourhood.co.za Managing Editor: Molly Fitz-Patrick

• • • • • • • •

ADVERTISING SALES: Visit yourneighbourhood.co.za or call 087 828 0423 Senior Sub-Editor: Mlungisi Mthembu Designers: Anja Bramley & Samantha Durand Group Online Editor: Lauren Joubert

salt rock hotel beach resort

Sales & Marketing Manager: Michèle Jones michele.jones@thecreativegroup.info Advertising: Julie Ellice kzn@yourneighbourhood.co.za Claire Liebenberg claire.liebenberg@thecreativegroup.info Production: Lucea Goosen lucea@yourneighbourhood.co.za

www.saltrockbeach.co.za Email: hotel@saltrockbeach.co.za KZN North Coast Tel: 032 525-5025


19 NOVEMBER 2017

Neighbourhood

For sale

R3,1m R979,000

R14,000

For a typical rental property (three-bedroom house)

R3,2m

For an apartment

For a house

R13,500 In a complex

Property type 79%

Monthly bond repayments For a typical property in this area

apartment You’ll pay

R30,431 per month

R7,000

R14,500

For an apartment

For a house

Property type 1%

house

3

Median monthly asking prices

For a typical property (four-bedroom house)

In a complex

PROPERTY NEWS

For rent

Median asking prices

R2,82m

56%

20%

8%

house

complex Based on

R3,1m median asking price

apartment

over a period of

at

20

10,25%

years

prime

36%

complex

SHONGWENI FARMERS MARKET

U P P E R H I G H W AY Office Tel: 031 763 1357 • Email: kloof@pamgolding.co.za

Ref# 1KF1262807

Hillcrest Plantations / R3.2m Bedrooms 4 / Bathrooms 2½ / Garages 2 Immaculate, spacious and an entertainers dream! The ultimate in lock-up and go living without compromising on space. All exterior building maintenance, insurance and garden service is taken care of – simply enjoy and leave all the upkeep to the Body Corporate. Nothing else in this secure estate of this size and quality available at this price. Call today for a private viewing. Alwina Muggeridge 083 263 2669 /PamGoldingProperties

pamgolding.co.za

@PamGoldingGroup


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Shavaun Lindsay Greg Simmonds Michelle Larkens

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SALT ROCK Morningside

SALT ROCK Glen Hills

Morningside

Glen Hills

Sole Mandate Asking Price R3 675 000. This beauty is waiting for her fairy godmother to step in and transform her, dust her off with new tiles and décor and turn her into the princess she ought to be. She will dazzle you with her beautiful surroundings and “park like garden” and allow the bird song to sweep you away from the stresses of modern life. If this beauty is not enough to settle your soul, the beach is a short stroll away.

Asking Price R2 990 000. This immaculate modern home is a mere 5min walk to the beach from 2 access points. Sea and forest views blend privacy and tranquility creating a laid back coastal lifestyle. The high ceilings create an extra spacious feel to the home which is underplayed by the spacious kitchen with dining and living area that flow seamlessly onto the large covered patio, featuring the free standing Pergola overlooking the landscaped lush garden and pool. The modern finishes define the home and the double volume staircase leads to a large landing which is used as a study.

Maria De Luca 060 525 0460 / Sonia Spalding 082 804 6252 Property 24 Ref – 105664043 Sotheby’s Ref - 2471689

Maria De Luca 060 525 0460 / Sonia Spalding 082 804 6252 Property 24 Ref – 105710433 Sotheby’s Ref - 2496891

UMHLANGA RIDGE

On Show Dual Mandate

HERRWOOD PARK

On Show Sole Mandate

Asking Price R1 750 000. The sea views from this apartment are awesome and on a clear day you can see the Drakensberg mountains from the bedroom windows.The open plan lounge and dining room give the well-proportioned apartment anOn extra feeling Show of space. Included is the beautiful kitchen with granite tops and modern bathrooms one of which is en-suite.There are 2Mandate under cover Dual parking's in the buildings garage and a large store room for all the toys. This apartment is really stunning! Maurizio Dalle-Vedove Asking Price R1 750 000. The sea views from this apartment are awesome and on a clear day you can see the Drakensberg 083 301 1946 mountains from the bedroom windows.The open plan lounge and dining room give the well-proportioned apartment an extra feeling of space. Included is the beautiful kitchen with granite tops and modern bathrooms one of which is en-suite.There are 2 under cover parking's in the buildings garage and a large store room for all the toys. This apartment is really stunning! Maurizio Dalle-Vedove 083 301 1946

Asking Price R1 995 000. Once you descend the stairs you arrive at the front door of this cute country cottage. Inside you will be surprised by how much space there actually is.The 4 bedrooms are enhanced by the huge loft area and large living areas have a Onthat Show beautiful view over Glen Hills.The garden is well kept and centered around a sparkling pool.To top it all off there is a self-contained Sole Mandate Granny Flat for the extended family or to generate extra income. Michelle Taylor 083 653 3696 Asking Price R1 995 000. Once you descend the stairs you arrive at the front door of this cute country cottage. Inside you will be surprised by how much space there actually is.The 4 bedrooms are enhanced by the huge loft area and large living areas that have a beautiful view over Glen Hills.The garden is well kept and centered around a sparkling pool.To top it all off there is a self-contained Granny Flat for the extended family or to generate extra income. Michelle Taylor 083 653 3696

Mount Edgecombe

La Lucia

Mount Edgecombe

La Lucia

Sole Mandate Asking Price R1 150 000. Great Investment Opportunity. This 2 bedroom, 1 bathroom apartment at Manhattan Mews has great earning potential. Tenant in place for a further 9 months. Complex offers 24hr manned security, pool in complex and 1 parking bay.

Sharon Naidoo 072 329 4611 Property 24 Ref – 105714597 Sotheby’s Ref - 2499824

Sole Mandate Asking Price R8 999 000. Perfectly situated on the crest of Umhlanga Ridge on Herwood Drive, this Mediterranean style home has views from Durban to Ballito that force you to take in the ocean. Sit on the covered patio whilst you sip your cocktails and enjoy the sunset views. With ample accommodation and reception rooms, this home is ideal for entertaining “gagan”style. A self contained cottage for guests or extra income plus staff accommodation add to the splendor. Ample off-street parking, three garages for all those toys, plus ample work room space and unlimited potential. A ideally positioned stand with terraced garden makes this home a must on your viewing list! Roxanne Du Plessis 081 771 0609 Property 24 Ref – 105201469 Sotheby’s Ref - 2238011

LA LUCIA

MOUNT EDGECOMBE

On Show Sole Mandate Asking Price R995 000. Lovely 3 bedroom loft apartment on the top floor of the sought after Edgecombe Park. Michelle Taylor On Show 083 653 3696 Sole Mandate Asking Price R995 000. Lovely 3 bedroom loft apartment on the top floor of the sought after Edgecombe Park. Michelle Taylor 083 653 3696

Umhlanga Rocks Umhlanga Rocks

Sole Mandate

Asking Price R10 900 000. This ultra chic modern home is nothing less than perfection. This home has 5 generously sized bedrooms and 5 bathrooms makes for easy living. For the entertainer in you there is a beautiful entertainment room leading onto a balcony which will make any occasion an auspicious one. The main bedroom has a walk-in closet and a bathroom that overlooks the ocean. A pristine gourmet kitchen and scullery which will appeal to all discerning chefs comprises the heart of this home. The home also boasts a sparkling pool with a stunning water feature. Gorgeous sea views. Roxanne Du Plessis 081 771 0609 Property 24 Ref – 105147186 Sotheby’s Ref – 2205086

SHEFFIELD BEACH

View Exclusive By Appointment Mandate Sole Mandate Asking Price R4 500 000. OFFERS FROM R4 500 000. Exquisite finishes and attention to detail. 3 bedrooms a pyjama lounge or View Exclusive Byand Appointment Mandate study upstairs and a gracious dining room and formal lounge downstairs.There is a TV lounge leading off the lovely kitchen and this is Sole Mandate

all introduced to you by a double volume entrance hall displaying intricate wrought iron hand rail staircase. Asking R4 999 000-00. Asking MichellePrice Taylor R4 083500 653000. 3696OFFERS FROM R4 500 000. Exquisite finishes and attention to detail. 3 bedrooms and a pyjama lounge or study upstairs and a gracious dining room and formal lounge downstairs.There is a TV lounge leading off the lovely kitchen and this is all introduced to you by a double volume entrance hall displaying intricate wrought iron hand rail staircase. Asking R4 999 000-00. Sole Mandate Michelle Taylor 083 653 3696 Asking Price R1 790 000. This home has warm welcoming feel. As you step through the entrance its evident that much thought has been put into the finishing touches. The open plan kitchen, lounge and dining room allows for effortless flow throughout. There are 2 spacious bedrooms, 2 bathrooms and air conditioners throughout. Stacker doors open up onto a lovely garden for your cats and dogs to play. Parking for 2 cars and a Pool in the complex finish off this exciting new offering.

Sheffield Beach Sheffield Beach

Roxanne Du Plessis 081 771 0609 Property 24 Ref – 105265912 Sotheby’s Ref – 2231346

DURBAN NORTH

Sole Mandate View Exclusive By Appointment Mandate

Asking Price R10 850 000. Fantastic breaker and sea views, 45m above the beach. Four bedrooms all en-suite, Sole Mandate all with fans and aircons and all have sea views. Master bedroom upstairs and 3 downstairs. Upper has a kitchen, View Exclusive Byfloor Appointment Mandate dining room, TV 000. lounge , enclosed There is glitz alsoand a guest looofand a large store room/ Downstairs open Asking Price R9 500 Offers from R9 patio. 500 000-00. The glamour a Hollywood lifestyle, city workshop. and sea views, sunsets, sundowner Sole Mandate entertainment with large additional dining space and set bar.inSmall fittedprecinct study and store room. Thesquare housemeters has deckplan with TV/ Jacuzzi, sheer penthouse indulgence. Step into this coastal lifestyle the bustling of Umhlanga Rocks. 311 aluminum shutters onOffers all thefrom outdoor windows andglitz doors. There of is a Hollywood self contained single flat sunsets, let with kitchen Asking Price R9 500living 000. R9 500 000-00. andthe glamour lifestyle, citybedroom and sea views, of ultra-secure, luxury with flowing open plan spacesThe enhancing innovativea architecture and exceptional finishes. This homesundowner leaves one and toilet/shower. deck with Jacuzzi, sheer penthouse indulgence. Step this coastal set in the bustlingdevelopment precinct of Umhlanga Rocks. square meters breathless. The value of this Penthouse will go up byinto up to 30% whenlifestyle The Oceans Umhlanga is complete. The 311 Penthouses in The Michelle Taylor 083 653 3696 of ultra-secure, luxury living flowing openinplan spaces enhancing theSeller innovative and exceptional finishes. This home leaves one Oceans Umhlanga soldRef for R60 000 000. Cash now and make an offer. asking architecture R9 950 000. Michelle Taylor 083 653 3696 Property 24 –with 104980808 breathless. The value of this Penthouse will go up by up to 30% when The Oceans Umhlanga development is complete. The Penthouses in The Sotheby’s Ref – 2127598 Oceans Umhlanga sold for R60 000 000. Cash in now and make an offer. Seller asking R9 950 000. Michelle Taylor 083 653 3696

Sole View Exclusive ByMandate Appointment Mandate

Asking Price R4 795 000. This property has huge potential, set on 1040sqm of land with spaceSole to extend. An Mandate enchanting home for a buyer with great vision. Plenty of space for caravans, boats, jetski’s... View This home in the heart of Exclusive ByisAppointment Mandate one ofPrice the most sought and established in Durban North. The one Beach homehas has240 2 bedrooms, 2 bathrooms, Asking R28 000 000.after This home, set above theareas Dolphin Coast's expansive Sheffield degree panoramic sea views.lounge, The ultimate Sole Mandate dining roomiskitchen veranda. other hasArchitecturally 3 bedrooms,designed 3 bathrooms, guest loo,that lounge, diningforroom, kitchen and and "Beach House" privatelyand positioned and The is awe-inspiring. with proportions are a match the rugged coastline veranda. Double garage anddetailing. servants quarters too. The fully contained grannyBeach flat ishas perfect as anpanoramic added generator. Asking Price R28 000 000.This home, set above Dolphin Coast's 240 degree sea views. The ultimate displaying sophisticated interior From thethe moment you walk expansive into this 4Sheffield bedroom, 4 bathroom utopia you feelincome a true sense of seamless

"Beach House" is privately awe-inspiring. Architecturally designed with proportions that are ayou match the rugged coastline and integration between luxurypositioned and utility.and Thisishome engulfs you with its multi-sensory experience and impresses withfor the sharp attention to fine Michelle Taylorinterior – 083detailing. 653 3696 displaying sophisticated From moment you walkhome into this 4 bedroom, 4 bathroomonly. utopia you feel a true sense of seamless detail and composition. We are proud to offer thisthe FULLY FURNISHED for viewing by appointment Michelle Taylor 083 653 3696. Property 24 Ref – 105759683 integration between luxury and utility.This home engulfs you with its multi-sensory experience and impresses you with the sharp attention to fine Sotheby’s Ref –We 2527227 detail and composition. are proud to offer this FULLY FURNISHED home for viewing by appointment only. Michelle Taylor 083 653 3696.

www.sothebysrealty.co.za • umhlanga@sothebysrealty.co.za www.sothebysrealty.co.za • umhlanga@sothebysrealty.co.za 20 Solstice Road, Gateway, Umhlanga Rocks 20 Solstice Road, Gateway, Umhlanga Rocks

Durban North & Umhlanga 031 566 5150 Durban North & Umhlanga 031 566 5150 Each office is Independently Owned and Operated Each office is Independently Owned and Operated


GLEN HILLS Morningside

Glen Hills

UMHLANGA ROCKS

Morningside

Glen Hills

Sole Mandate Asking Price R2 580 000. Beautiful 3 bed, 2 bath Simplex in a sought after Estate in Glen Hills, Durban North called Umdakane. these units hardly ever come up for sale and the owner wants to sell.The unit features a modern, large open plan living area leading onto a covered patio. Manageable size garden with kids play area and swimming pool. A must see!!! Michelle Taylor 083 653 3696 Property 24 Ref – 105710789 Sotheby’s Ref - 2494883

LA LUCIA

On Show Dual Mandate

Sole Mandate Asking Price R14 950 000. When entering this immaculate spacious home consisting of 2 double lounges, dining room, open plan entertainers dream kitchen with a separate scullery, all with top notch fixtures embracing the “wowfactor”. This double volume 750 sqm home is situated on 1885 sqm of land, comprising of 5 spacious bedrooms, of which 4 are en-suite and all lead out onto a balcony as well as a “Pyjama Lounge”. For the fitness fanatic with limited time there is a 60 sqm gym room. This incredible package includes a domestic quarter, with quadruplet garaging and ample parking spaces. Oriana Honeywill 083 776 4646 / Milton Kahn 082 387 6562 Property 24 Ref – 105791452 Sotheby’s Ref - 2538815

UMHLANGA ROCKS

On Show Sole Mandate

Asking Price R1 750 000. The sea views from this apartment are awesome and on a clear day you can see the Drakensberg mountains from the bedroom windows.The open plan lounge and dining room give the well-proportioned apartment anOn extra feeling Show of space. Included is the beautiful kitchen with granite tops and modern bathrooms one of which is en-suite.There are 2Mandate under cover Dual parking's in the buildings garage and a large store room for all the toys. This apartment is really stunning! Maurizio Dalle-Vedove Asking Price R1 750 000. The sea views from this apartment are awesome and on a clear day you can see the Drakensberg 083 301 1946 mountains from the bedroom windows.The open plan lounge and dining room give the well-proportioned apartment an extra feeling of space. Included is the beautiful kitchen with granite tops and modern bathrooms one of which is en-suite.There are 2 under cover parking's in the buildings garage and a large store room for all the toys. This apartment is really stunning! Maurizio Dalle-Vedove 083 301 1946

Asking Price R1 995 000. Once you descend the stairs you arrive at the front door of this cute country cottage. Inside you will be surprised by how much space there actually is.The 4 bedrooms are enhanced by the huge loft area and large living areas have a Onthat Show beautiful view over Glen Hills.The garden is well kept and centered around a sparkling pool.To top it all off there is a self-contained Sole Mandate Granny Flat for the extended family or to generate extra income. Michelle Taylor 083 653 3696 Asking Price R1 995 000. Once you descend the stairs you arrive at the front door of this cute country cottage. Inside you will be surprised by how much space there actually is.The 4 bedrooms are enhanced by the huge loft area and large living areas that have a beautiful view over Glen Hills.The garden is well kept and centered around a sparkling pool.To top it all off there is a self-contained Granny Flat for the extended family or to generate extra income. Michelle Taylor 083 653 3696

Mount Edgecombe

La Lucia

Mount Edgecombe

La Lucia

Sole Mandate

Sole Mandate

Offers from R 7 500 000. This family home ticks all the boxes but with plenty of parking and two separate flatlets one cannot miss the potential for a Guesthouse or above average Air BnB proposition. This beautiful home with 180 degree seaviews is impeccably maintained and features 6 large bedrooms, 3 lounges, dining room and open plan kitchen with various spaces to entertain both indoors and out. The core of the entertainment options is the stunning rock pool intended for those lazy days on your airbed. A laundry room, staff accommodation, double garage and good security add to the offering making this a celebrity lifestyle to cherish. Asking Price: R 8 900 000. Oriana Honeywill 083 776 4646 / Milton Kahn 082 387 6562 Property 24 Ref – 105686471 Sotheby’s Ref - 2453141

Asking Price R9 900 000. In the most sought after road lies this magnificent double storey modernized home combining tranquil charm with modern sophistication and contemporary features with 4 immaculately presented spacious bedrooms fitted with tasteful, modern finishes and stunning sea views throughout. An instant appeal through the entrance of the home boasting spectacular sea views from the open plan living areas with a fully self contained 2 bedroom flatlet downstairs, domestic quarters, double lock-up garage and ample parking space. This is a perfectly positioned large bright property that has some of the most beautiful views in Umhlanga. Oriana Honeywill 083 776 4646 / Milton Kahn 082 387 6562

LA LUCIA

LA LUCIA

On Show Sole Mandate Asking Price R995 000. Lovely 3 bedroom loft apartment on the top floor of the sought after Edgecombe Park. Michelle Taylor On Show 083 653 3696 Sole Mandate Asking Price R995 000. Lovely 3 bedroom loft apartment on the top floor of the sought after Edgecombe Park. Michelle Taylor 083 653 3696

Umhlanga Rocks Umhlanga Rocks

Sole Mandate

Asking Price R8 700 000. Four star guest house caters to corporate and executive travellers in a stylish and relaxed setting. Coastal lifestyle at its best. A must see opportunity not to be missed. Mark Hoinkes 082 255 5906 Property 24 Ref – 105549009 Sotheby’s Ref - 2415716

View Exclusive By Appointment Mandate Sole Mandate Asking Price R4 500 000. OFFERS FROM R4 500 000. Exquisite finishes and attention to detail. 3 bedrooms a pyjama lounge or View Exclusive Byand Appointment Mandate study upstairs and a gracious dining room and formal lounge downstairs.There is a TV lounge leading off the lovely kitchen and this is Sole Mandate

all introduced to you by a double volume entrance hall displaying intricate wrought iron hand rail staircase. Asking R4 999 000-00. Asking MichellePrice Taylor R4 083500 653000. 3696OFFERS FROM R4 500 000. Exquisite finishes and attention to detail. 3 bedrooms and a pyjama lounge or study upstairs and a gracious dining room and formal lounge downstairs.There is a TV lounge leading off the lovely kitchen and this is all introduced to you by a double volume entrance hall displaying intricate wrought iron hand rail staircase. Asking R4 999 000-00. Sole Mandate Michelle Taylor 083 653 3696 Asking Price R4 395 000. The heart of the home is centred around the light, bright spacious gourmet kitchen. Entertaining areas flow from formal to informal living areas, all secured with outdoor parameter beams. 3 spacious bedroom, 1 en-suite and 1 family bathroom, large double garage with direct access. Lush garden with beautiful walkways.

Sheffield Beach Sheffield Beach

Maurizio Dalle – Vedove 083 301 1946 Property 24 Ref – 105769058 Sotheby’s Ref – 2528765

LA LUCIA

UMHLANGA ROCKS

Sole Mandate View Exclusive By Appointment Mandate

Asking Price R4 500 000. This gracious home will appeal to a buyer seeking privacy and relaxed elegance set in the Sole Mandate prestigious suburb of La Lucia in Umhlanga. The house offers endless spaces and a beautifulView large garden. A Mandate secure larger Exclusive By Appointment thanPrice normal access into volume leads theviews, beautiful lounge and Asking R9 double 500 000.garage Offershas fromdirect R9 500 000-00. Thethe glitzdouble and glamour of aentrance, Hollywoodwhich lifestyle, city into and sea sunsets, sundowner Sole Mandate area. sheer Four penthouse bedrooms, 2 bathrooms, of this which the lifestyle main isset en-suite with aprecinct walk-inofdressing make an deckdining with Jacuzzi, indulgence. Step into coastal in the bustling Umhlangaroom. Rocks.Please 311 square meters appointment with000. Rizo to view beautiful as and soon as possible to avoid lifestyle, disappointment. Asking Price R9 500 Offers fromthis R9 500 000-00.home The glitz glamour of a Hollywood city and sea views, sunsets, sundowner

of ultra-secure, luxury living with flowing open plan spaces enhancing the innovative architecture and exceptional finishes.This home leaves one deck with Jacuzzi, sheer penthouse indulgence. Step into this coastal set in the bustlingdevelopment precinct of Umhlanga Rocks. square meters breathless. The value of this Penthouse will go301 up by up to 30% whenlifestyle The Oceans Umhlanga is complete. The 311 Penthouses in The Maurizio Dalle – Vedove 083 1946 of ultra-secure, luxury living flowing openinplan spaces enhancing theSeller innovative and exceptional finishes. This home leaves one Oceans Umhlanga soldRef for R60 000 000. Cash now and make an offer. asking architecture R9 950 000. Michelle Taylor 083 653 3696 Property 24 –with 105758762 breathless. The value of this Penthouse will go up by up to 30% when The Oceans Umhlanga development is complete. The Penthouses in The Sotheby’s Ref – 2523746 Oceans Umhlanga sold for R60 000 000. Cash in now and make an offer. Seller asking R9 950 000. Michelle Taylor 083 653 3696

Sole View Exclusive ByMandate Appointment Mandate

Asking Price R3 500 000. Beautiful 3 bedroom unit in sought after area in Umhlanga Rocks. CloseSole to all amenities Mandate and facilities that this prime Umhlanga Rocks neighbourhood has to offer. This is the perfectView home for all seasons. This Exclusive By Appointment Mandate delightfully decorated fully 3 bedroom 2 bathroom apartment has everything youdegree needpanoramic and more. Asking Price R28 000 000. Thisfurnished home, set above the Dolphin Coast's expansive Sheffield Beach has 240 seaWith views.modern The ultimate Sole Mandate bathrooms kitchen with Granite tops. All bedrooms lead designed out ontowith theproportions balcony, a that perfect dreamcoastline with a and "Beach House" and is privately positioned and is awe-inspiring. Architecturally are a entertainers match for the rugged patio Price ideal for get-togethers orabove social events with friends. The4Sheffield main attraction is the greatpanoramic seafeel views excellent Asking R28family 000 interior 000. Thisdetailing. home, set Dolphinyou Coast's expansive Beach has 240 degree seaand views. The ultimate displaying sophisticated From thethe moment walk into this bedroom, 4 bathroom utopia you a true sense of seamless security! Call now for a private viewing! "Beach House" is privately awe-inspiring. Architecturally designed with proportions that are ayou match the rugged coastline and integration between luxurypositioned and utility.and Thisishome engulfs you with its multi-sensory experience and impresses withfor the sharp attention to fine Oriana Honeywill 083 776 4646 / Milton Kahn 082 387 6562 displaying sophisticated interior detailing. From the moment you walk into this 4 bedroom, 4 bathroom utopia you feel a true sense of seamless

detail and composition.We are proud to offer this FULLY FURNISHED home for viewing by appointment only. Michelle Taylor 083 653 3696. integration between luxury and utility.This home engulfs you with its multi-sensory experience and impresses you with the sharp attention to fine detail and composition.We are proud to offer this FULLY FURNISHED home for viewing by appointment only. Michelle Taylor 083 653 3696.

www.sothebysrealty.co.za • umhlanga@sothebysrealty.co.za www.sothebysrealty.co.za • umhlanga@sothebysrealty.co.za 20 Solstice Road, Gateway, Umhlanga Rocks 20 Solstice Road, Gateway, Umhlanga Rocks

Durban North & Umhlanga 031 566 5150 Durban North & Umhlanga 031 566 5150 Each office is Independently Owned and Operated Each office is Independently Owned and Operated


8

PROPERTY NEWS

19 NOVEMBER 2017

Neighbourhood

Shift in property market Stakeholders advised to pay attention to weaker economic growth outlook WORDS: CANDICE BOTHA

IMAGE: ISTOCK

F

There’s still plenty of activity to keep the market ticking over, but you’ll need to keep your price expectations in check ROGER HOATEN, SEEFF BEREA

ollowing Finance Minister Malusi Gigaba’s inaugural mini Budget presentation, a period of prudence has been predicted for the local property market. “The main message coming from the economy is that of very weak growth, poor investment confidence and rising sovereign debt levels,” says Roger Hoaten, co-owner, Seeff Berea. “Property stakeholders need to pay special attention to the weaker economic growth outlook which has been downgraded for the year. The currency remains volatile and it looks as if there will be no interest rate cut in early December.” Adrienne Douglas, principal agent, Campbell Property Group, says this will result in property prices remaining static. “Spending will reduce as lending criteria become stricter and sellers will have to be more realistic with prices. Property stock levels continue to rise while the number of buyers in the market continues to decline, and many are taking a ‘wait and watch’ approach.” It’s not all gloomy, though, as Hoaten says, “We’re anticipating a busier summer, but we must caution sellers to

acknowledge and accept that the market shift, with overall trading volumes down by about 15% – 20% from the 2015 highs, will impact selling prices. There’s still plenty of activity to keep the market ticking over, but you’ll need to keep your price expectations in check. Competitively and sensibly priced properties will sell within reasonable periods of time but overpriced stock will see little interest or activity.” Hoaten adds that buyers and sellers are struggling to come to terms with the impact of current economic indicators and a volatile political climate. “Until they do so and adjust their expectations, the property market will remain constrained. Importantly, though, not all areas are experiencing the same degree of shift and there are marked area, city and provincial differences.” Douglas agrees, adding that the property market is in transition and shifting to a buyer’s market. “It’s essential to work with an area specialist as they’ll be familiar with the market cycles in the area and be in the best position to advise you on the wisest decisions.”

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Cotswold Downs Golf and Lifestyle Estate

WATERFALL


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