Neighbourhood DBN - 05 February 2017

5 FEBRUARY 2017

Neighbourhood PROPERTY & LIFESTYLE

Salt Rock A beautiful seaside town that is more than just a holiday destination, page 2

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SUBURB FOCUS: SALT ROCK

4

BUSINESS Q&A

7

PROPERTY NEWS

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PROPERTY NEWS

5 FEBRUARY 2017

Neighbourhood

Suburb focus

Salt Rock Here’s what’s happening in property in the area WORDS: MEGAN DEANE

IMAGES: STEPHEN PILBROUGH & SUPPLIED

N

estled along the Dolphin Coast, Salt Rock is no longer just a popular holiday destination; it’s increasingly becoming one of the many areas attracting new residents. The small, beachside town is evolving to cater for the increasing number of families moving into the area.

Salt Rock has a mix of old and new homes, buildings and businesses. One of the oldest businesses and buildings in the area is the Salt Rock Hotel. The hotel, built in the 1930s, was started

by Basil Hulett and remains one of the top places to visit in the area.

New developments in the area include Tiffany’s shopping centre which offers locals a place to have coffee, eat a great meal, buy groceries or spend some time going through some of the local boutique shops.

Boasting small-town charm, Salt Rock has several spots that make it truly special. Whether you’re looking for a day of fun in the sun or a some

RAY’S KITCHEN

peace and quiet, Salt Rock is home to some of Durban’s best beaches. Other places to visit in the area include The Litchi Orchard: a functioning litchi farm which is also a central market space where locals can meet and buy fresh produce at the farmers’ market, find plants at the local nursery, or spend time with friends over a meal at one of the cafes nearby.

Accessible to other areas, Salt Rock is in the perfect location to get onto the N2 and M4 highways with ease.

Only 20 minutes away from King Shaka International Airport, Salt Rock is also only 15 minutes away from Sibaya Casino and the bustling town of Umhlanga where there are a myriad things to do. Moreover, top golf courses like Zimbali Coastal Resort Golf Course, Prince’s Grant and Umhlali Golf Course are close by.

Salt Rock is the perfect holiday destination and the ideal place for families looking for a closeknit community and a convenient small town close to amenities.

THINGS TO DO: • Visit the market at The Litchi Orchard.

• Enjoy the day at the beach, surfing or kitesurfing.

• Take the kids to the Flag Animal Farm.

• Visit Mahogany Reef for sundowners and beautiful sea views.

• Indulge in some retail therapy Tiffany’s shopping centre.

BEST IN FOOD: • Delish Sisters: for tasty cafe food • Ray’s Kitchen: for family dining • Siggis German Restaurant and Pub • Sage Cafe and Deli: for superb coffee and great food • Two Shrimps or Jack Salmon Fish House: for great seafood

TOP SCHOOLS NEARBY: • Curro Mount Richmore Independent School • Ballito Bay Montessori Pre-school • Ashton International College

The Salt Rock neighbourhood is one-of-a-kind; it’s all about family.

Family-orientated beaches, restaurants, day and night markets and the most upmarket Tiffany’s shopping centre. It has the absolute perfect mix of businesses to satisfy the majority of the consumers’ needs.

NICKY VORSTER, MANAGER, TIFFANY’S SHOPPING CENTRE

PUBLISHED BY TIMES MEDIA PROPERTY PUBLISHING Unit G04, Old Castle Brewery Bldg 6 Beach Road, Woodstock Cape Town, 087 828 0423

EDITORIAL TEAM: Group Editor: Charis Le Riche charisl@yourneighbourhood.co.za Junior Managing Editor: Molly Fitz-Patrick Senior Sub-Editor: Mlungisi Mthembu Designer: Anja Bramley Group Online Editor: Lauren Joubert

ADVERTISING SALES: Visit yourneighbourhood.co.za or call 087 828 0423 Sales & Marketing Manager: Michèle Jones michele.jones@thecreativegroup.info Production (Editorial Advertising): Charis Le Riche charisl@yourneighbourhood.co.za Advertising: Julie Ellice kzn@yourneighbourhood.co.za

Show andate

5 FEBRUARY 2017

Neighbourhood

PROPERTY NEWS

3

For sale Property type

Median asking prices

R5,34m

80%

For a typical property (four-bedroom house)

R2,46m

R1,89m

In a complex

R3,3m

For an apartment

Monthly bond repayments

Agent Insight

Based on

over a period of

at

R53,264

R5,34m

20

10,5%

per month

median asking price

years

prime

7%

complex

How would you describe the type of property you would find in the Salt Rock area?

What makes Salt Rock, as a location, such an attractive area to reside in?

What lifestyle could someone expect if they lived within the Salt Rock area?

When I think of this area, I think of the beautiful beachfront, walking trails and tidal pools. The property is ideal for holidaymakers, whether you rent a home, or visit one of the many holiday destinations. A visit to Salt Rock would not be complete without a meal at the Salt Rock Hotel, famous for its wonderful curry, beautiful patio and outlook.

Living in Salt Rock gives you the small village feeling with the big holiday vibe. The beaches offer affordable entertainment, with big band concerts in July, Friday evening sundowners, while once a month the Litchi farm has a night music market.

There is a mixture of exclusive estate living, secluded complexes, residential homes and investment properties.

Salt Rock is home to many local spots where one can find the surfers riding the early morning waves.

Apart from the beautiful seaside homes and beaches, this delightful town offers many restaurants, a shopping centre, gated estates, schools and also a few very welcoming coffee shops and tea gardens, like Sage, Burndale and The Litchi Orchard.

Pam Eglington

Celia Tabb

Michael Fann

REMAX DOLPHIN

Local property experts give us the inside scoop on Salt Rock

apartment

For a house

You’ll pay

For a typical property in this area.

13%

house

083 440 6360 eglington@telkomsa.net remaxdolphin.co.za

Assagay

HOME ZONE BALLITO

RE/MAX DOLPHIN REALTORS

078 988 7727 celia@homezoneballito.co.za homezoneproperty.co.za

083 320 7749 michael@remaxdolphin.co.za

remaxdolphin.co.za

Kloof

Kloof

Morningside

Glen Hills

Morningside

Glen Hills

Sole Mandate Asking Price R750 000-00. Picture yourself sipping sundowners from the deck overlooking the Assagay valley basking in the warm sunset light and splendour. Oooh….

Falling in love has never been so easy. 2400 sq metres of land (with primitive structure) waiting to be sculptured into heaven on earth. By you! Easy access to major roads and highway. Sincerely close to all amenities and ‘sight seeing’ attractions. You got to come and look. Call Tomi to make a date with destiny 083 228 2967 On Show Dual Mandate

Sole Mandate

Asking Price R1 999 000. O this cute country cottage. Insid is.The 4 bedrooms are enhanc is well kept and centered arou for the extended family or to g

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 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 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

Hillcrest

Sole Mandate

Offers From R3 657 000-00. Never judge a book by its cover. Look past the photo Offers From R2 341 000-00. Wow! Unobstructed views of the Kranztkloof Gorge. above and look inside this beautiful and inviting family orientated home to discover 4 bedroom Family Home with an income generating 2 bedroom Cottage. The cottage what you may have been looking for all along. Home currently under reconstructive thinks it’s a little house. And it is!! An enclosed balcony leading from each bedroom and maintenance and renovation. Situated in the leafy and beautiful suburb of Kloof. lounge offers year round entertainment space with panoramic views. If you’re searching Definitive entertainment area with a unique rock pool. A stately home with so much to for a new safe and secure home for yourself and family, this may be it! (Psst … you offer. Come see for yourself. Call Tomi on 083 228 2967 for an appointment to view. could run a Bed & Breakfast from here too). Tomi will be your host. Tomi 083 228 2967.

On Show Asking Price R2 595 000 Asking Price R3 850 000 Sole Mandate View Exclusive By Appointment Mandate

Kloof

Kloof

On Show Dual Mandate

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 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 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

On Show Sole Mandate

View Exclusive

By Appointment Mandate 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

Asking Price R4 500 000. OFFERS 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.

Michelle Taylor 083 653 3696

Umhlanga Rocks

Sheffield Beach

Mount Edgecombe

Asking Price R4 999 000 Beacon Rock will go quickly. balcony and incredible sea vie Taylor 083 653 3696.

Mount Edgecombe

La Lucia

On Show Asking Price R2 350 000-00. Spacious family home with a sparkling solar heated swimming pool perfectly placed on pan cake level land. 4 bedrooms, 3 bathrooms plus a 1 bedroom fl atlet with bath and shower and its own private entrance. Open plan living with a covered entertainment area and built-in braai leading off the dining area. Fluid entertainment flow. Granite tops in kitchen with gas Mandate stove and electric oven. I could go View Exclusive

By Appointment Sole Mandate on and on. If a loving home is on your shopping list, this one has got to be on the list.

Call Tomi on 083 228 2967. Show 3 - 5 pm follow boards from Old Main.

Asking Price R9 500 000. Offers from R9 500 000-00.The glitz and glamour of a Hollywood lifestyle, city and sea views, sunsets, sundowner deck with Jacuzzi, sheer penthouse indulgence. Step into this coastal lifestyle set in the bustling precinct of Umhlanga Rocks. 311 square meters of ultra-secure, luxury living with flowing open plan spaces enhancing the innovative architecture and exceptional finishes.This home leaves one breathless.The value of this Penthouse will go up by up to 30% when The Oceans Umhlanga development is complete.The Penthouses in The Oceans Umhlanga sold for R60 000 000. Cash in now and make an offer. Seller asking R9 950 000. Michelle Taylor 083 653 3696

Asking price R3 650 000-00. A modern and immaculate home situated in the heart of Kloof, and set on level land with a sparkling blue pool. Outdoor living has never been more inviting. The large and spacious kitchen boasts both gas and electric hobs with a walk-in pantry and a breakfast bar. Open plan dining room and lounge leading out onto the opulent entertainment area and landscaped garden. The quality 2 bedroomed cottage, View Exclusive

By Appointment Mandate Sole Mandate with private entrance and parking is perfect as an income generator or accommodation for a loved family member, Make an appointment to view. Tomi 083 228 2967

Asking Price R28 000 000.This home, set above the Dolphin Coast's expansive Sheffield Beach has 240 degree panoramic sea views.The ultimate "Beach House" is privately positioned and is awe-inspiring.Architecturally designed with proportions that are a match for the rugged coastline and displaying sophisticated interior detailing. From the moment you walk into this 4 bedroom, 4 bathroom utopia you feel a true sense of seamless 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.

Asking price R2 595 000-00. A special modern home boasting a little pond in the garden with resident ducks. Open plan granite top kitchen, dining area, and lounge with one of two fireplaces. All 3 bedrooms lead onto a balcony with unobstructed views of the garden and wildlife, The fl atlet can be used as an income generator or an office. Working from home has many advantages. Situated in central Kloof. Tomi 083 228 2967 On Show Sole Mandate

Asking Price R4 650 000. Retreat to your private oasis, the peace and quite are included. Sophisticated, elegant and inspiring home ideal for those who have climbed the corporate ladder to the very top. Engaging finishes, a master suite you will never want to leave, gourmet kitchen fabulous big reception rooms and a double lock up garage with storeroom.This is a dream home in a fantastic small complex with no traffic noise. Milton Kahn 082 387 6562

Durban North & Umhlanga 031 566 5150

www.sothebysrealty.co.za • hillcrest@sothebysrealty.co.za Shop 10A, The Colony Centre, 50 Old Main Road Hillcrest 031 492 4404

Each office is Independently Owned and Operated

Each office is independently owned and operated

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

Um

Sole Mandate

Show andate

4

PROPERTY NEWS

5 FEBRUARY 2017

Neighbourhood

My business neighbourhood Online store ArtEsense sells curated home-made macrame products WORDS: MEGAN DEANE

IMAGES: SUPPLIED

Y

vette Mommsen’s love of all things beautiful, creative and handmade led to her creating ArtEsense. We chat with her to find out more.

Q: H ow did your business start?

A: I started an online shop for a curated range of handmade gifts. Just over a year ago, I came across beautiful macrame plant hangers in New Zealand and something about them resonated with me. I taught myself the macrame technique, and have since created plant hangers, wall hangings and dreamcatchers.

North Coast a few years ago, and this is where I still operate from.

Q: Why are the premises ideally suited to your business?

A: A lthough I now employ one staff member, we don’t need too much space unless we are busy preparing for a show. As a mom, it is also more practical, cost-effective and saves me on travel time.

Q: Who are your neighbours?

A: My direct neighbours are residents. However, I am not the only business working from home.

There is a busy landscape company and beauty salon close by.

Q: Why did you choose this area to set up shop?

A: Since I started out making all my products myself, it was not necessary to set up shop anywhere else but home, which is in the Durban North area.

Q: H ow many people go through your store each day?

A: B esides the production of my macrame decor products at home and a few selected local stockists, my entire business is run online.

Q: H ow did you find your premises?

A: My daughters go to a school in the area, so we moved closer from the

Q: D o you have any expansion plans?

A: Yes, I may rent premises temporarily this year due to a large

short-term project. I recently took part in the beautiful Kamers show in Pretoria at the end of last year, and hope to do a few more.

Q: D o you operate online as well?

A: A lthough my products are stocked and sold at a few local Durban shops and the I Heart Market, I mostly operate online. I sell via a few online shopping platforms, including my own online shop.

Q: What’s your most popular item?

A: My macrame plant hangers, which are made in various styles from either 100% cotton cord or T-shirt yarn, which allows for gorgeous colours.

SEE FOR YOURSELF:

Sea View

Hillary

ArtEsense artesense.co.za

Pinetown

Morningside

Glen Hills

Morningside

Glen Hills

Sole Mandate Asking Price R850 000-00. Come home to this solid family home, with lovely gardens at both the front and the back. Let the children play to their hearts content or take your book and relax in a shady spot. Friends are welcome with plenty of room for them to park in addition to the single garage. Move right in and live, Modernise at your leisure. Lift the carpets to uncover the parquet flooring underneath. Build a cottage in the front or the back and let your tenants help pay the costs. Put your offer in now!

On Show Dual Mandate Rob Liston 083 784 2793

Sole Mandate

Asking Price R1 999 000. O this cute country cottage. Insid is.The 4 bedrooms are enhanc is well kept and centered arou for the extended family or to g

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 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 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

Bellair

Sole Mandate

Asking Price R2 700 000-00. It is Time to buy this Stunning home in Hillary. Time Offers From R750 000-00. This wonderful starter unit situated on the 1st floor is to wrap yourself in the elegance and luxury of the en-suite master bathroom. Time to fully tiled and waiting for you to move in and live. The ideal place to start, your family stretch out in your king-size bedroom and enjoy the freedom of opulent space. The raising adventure or your investment property portfolio. With quick access to main roads time has come for your kids to have their own light bright rooms. Time to watch the and highways and close to shops and schools, this well maintained and managed complex game in the spacious lounge or host the Manager in the elegant stylish dining room. It’s provides the kind of security that would also suit retirees or anyone who would enjoy a time to entertain your friends by the sparkling pool and outside entertainment area. lock-up-and-go lifestyle. Asking Price R775 000-00. Nevenka Mavrodaris 082 500 7617 On Show Rob Liston 083 784 2793 Sole Mandate View Exclusive

By Appointment Mandate

Padfield Park

New Germany

On Show Dual Mandate

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 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 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

On Show Sole Mandate

View Exclusive

By Appointment Mandate 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

Asking Price R4 500 000. OFFERS 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.

Michelle Taylor 083 653 3696

Umhlanga Rocks

Sheffield Beach

Mount Edgecombe Sole Mandate

Offers From R1 200 000-00. Something Special just for you: This immaculate aboveroad beauty with stunning views is a dream home. Enjoy the luxury of the spacious living areas and air conditioning in the bedrooms. Just move in and relax, not a thing needs to be done. Put your offer in now. Asking Price R1 300 000-00. Rob Liston 083 784 2793 View Exclusive

By Appointment Mandate Sole Mandate Asking Price R9 500 000. Offers from R9 500 000-00.The glitz and glamour of a Hollywood lifestyle, city and sea views, sunsets, sundowner deck with Jacuzzi, sheer penthouse indulgence. Step into this coastal lifestyle set in the bustling precinct of Umhlanga Rocks. 311 square meters of ultra-secure, luxury living with flowing open plan spaces enhancing the innovative architecture and exceptional finishes.This home leaves one breathless.The value of this Penthouse will go up by up to 30% when The Oceans Umhlanga development is complete.The Penthouses in The Oceans Umhlanga sold for R60 000 000. Cash in now and make an offer. Seller asking R9 950 000. Michelle Taylor 083 653 3696

Asking Price R4 999 000 Beacon Rock will go quickly. balcony and incredible sea vie Taylor 083 653 3696.

Mount Edgecombe

La Lucia

Sole Mandate Offers From R1 422 000-00. They don’t build homes like this anymore! A solid and sturdy family home in the leafy suburb of Padfield Park. Situated on near-level land with excellent entertainment flow. A large covered patio adjacent to the pool lends for easy living during the balmy summer days. The fireplace is perfect to ease the chill during our brief winter months.

All in all, a perfect home for the extended family with a View Exclusive

By Appointment Mandate Mandate love for gardening and Sole open spaces. Asking Price R1 580 000-00. Nevenka Mavrodaris 082 500 7617

Asking Price R28 000 000.This home, set above the Dolphin Coast's expansive Sheffield Beach has 240 degree panoramic sea views.The ultimate "Beach House" is privately positioned and is awe-inspiring.Architecturally designed with proportions that are a match for the rugged coastline and displaying sophisticated interior detailing. From the moment you walk into this 4 bedroom, 4 bathroom utopia you feel a true sense of seamless 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.

Sole Mandate Asking Price R990 000-00. A lovely family home situated in a quiet crescent.

Includes a 2 bedroom granny flat, just perfect for Granny & Grandpa or an opportunity to subside your bond. Could also serve as an office. The granny flat has a modern bathroom off one of the bedrooms and a granite kitchen open to the living area with a private undercover patioOnarea just outside the front door. The Main house has the most beautiful Show Sole Mandate gleaming parquet floors. A Gemini hut to help with storage and a large 3 car carport complete the picture. Asking Price R1 050 000-000. Nevenka Mavrodaris 082 500 7617

Asking Price R4 650 000. Retreat to your private oasis, the peace and quite are included. Sophisticated, elegant and inspiring home ideal for those who have climbed the corporate ladder to the very top. Engaging finishes, a master suite you will never want to leave, gourmet kitchen fabulous big reception rooms and a double lock up garage with storeroom.This is a dream home in a fantastic small complex with no traffic noise. Milton Kahn 082 387 6562

Durban North & Umhlanga 031 566 5150

www.sothebysrealty.co.za • pinetown@sothebysrealty.co.za Shop 7C, Sandy’s Centre, 174 Josiah Gumede Road Pinetown 031 702 1149

Each office is Independently Owned and Operated

Each office is independently owned and operated

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

Um

Sole Mandate

Luxury living in a pristine Everton Homestead Colonial Everton

• 6 Bedrooms (main bedroom has a fire place) • 5.5 Bathrooms • 2 Lounges • 2 Kitchens with one opening onto a courtyard • Formal Dining room • Study/Office • Large entertainment veranda with glass stack back doors overlooking the swimming pool and tennis court.

• Second double story home on the property with a large playroom or gym downstairs and 2 bedrooms with an open plan kitchen and living room upstairs.

• 2 Storerooms • Jungle Jim, climbing wall, Wendy house • Double car port • Floodlit tennis court • Swimming pool • 1000 square metre home • 2 Acres of land

This Elegant home is fitted with solid wood floors throughout. The upstairs bedrooms are carpeted.

Each room is fitted with Plantation shutters and curtains.

The Kitchen offers a central island with walk in pantry and a second caterers kitchen with a laundry and toilet.

The main bedroom has a large walk through closet into a 5 star bathroom.

Price R7 900 000 Contact Nicky Holdsworth 082 789 6417 nicky.veldbeef@gmail.com

5 FEBRUARY 2017

Neighbourhood

PROPERTY NEWS

7

First-time buyers urged to act soon to secure home loan

T

he latest property stats show that there has been a clear decline in affordability for firsttime buyers. Shaun Rademeyer, CEO, BetterLife Home Loans, urges these buyers to make a decision on taking out a home loan as soon as possible, as it is only going to become more difficult for them to become homeowners in the next 12 to 18 months, even if there are no further interest rate increases.

The average home price being paid by first-time buyers has risen by a modest

R37,000 in the past 12 months, but the average home loan instalment has gone up by almost R700 a month – despite the fact that buyers are currently also paying much bigger deposits than they did a year ago.

The message for first-time buyers is that they should not wait any longer to make the leap into home ownership, even if they have to downscale their aspirations and buy a smaller, less expensive home to start with.

Cape Town to host Property Buyer Show: 8-9 April

New development at Brettenwood A rare opportunity to purchase deluxe units priced under R4m WORDS: CANDICE BOTHA

IMAGE: SUPPLIED

T

he location, security and pleasant surroundings of the KwaZulu-Natal North Coast’s gated estates near Ballito have made them highly sought-after. As demand has increased, so have prices, and many estates have seen the value of their properties increase considerably, often making them out of reach for buyers such as young families who find the attributes of estate living particularly attractive.

Catering to buyers looking for the secure, estate lifestyle at an affordable price, Timberland at Brettenwood’s three-bedroom homes priced under R4m are an exciting addition to the North Coast property market. “To be able to purchase a home within an estate like Brettenwood, that offers such an incredible location for under R4m, is extremely rare. We have done our research and there is a huge demand for homes in lifestyle estates on KZN’s North Coast within this price range,” says Peter Cameron, sales director, Home and Country Property.

Timberland at Brettenwood offers 32 deluxe units that comprise three bedrooms,

double garages and upmarket finishes, providing a modern feel while still embracing nature. The focus is on the picturesque surroundings, and the architectural design maximises the views from the site, incorporating ample glass to offer spectacular sea views and vistas overlooking lush forest canopies which are an outstanding feature of award-winning Brettenwood.

unsurpassed lifestyle. The new addition of Timberland at Brettenwood will only enhance what this amazing estate has to offer,” says Cameron.

Situated at the fringe of the forest, Timberland at Brettenwood will have dedicated forest walking trails and give residents a chance to spot an array of birdlife. In addition to the water feature and private clubhouse with a pavilion and pool, residents can also enjoy the abundant facilities offered within Brettenwood which cater to young and old alike.

These include a lap pool, fully equipped state-of-the-art gym, an amphitheatre, a rustic boma, a picnic area and water slides. “Our community centre regularly hosts events that range from book clubs, dinner parties, yoga classes and even music events. Brettenwood Coastal Estate really is an incredible place to reside and offers an

To be able to purchase a home within an estate like Brettenwood, that offers such an incredible location for under R4m, is extremely rare. We have done our research and there is a huge demand for homes in lifestyle estates on KZN’s North Coast within this price range.

Launch sales have opened and building is expected to begin in the third quarter of 2017.

Residents will be able to take occupation at the end of 2018.

PETER CAMERON, SALES DIRECTOR, HOME AND COUNTRY PROPERTY

The Western Cape’s housing market has outperformed the national average and shown double-digit growth, with demand driven by a large migration of homeowners from other provinces who are attracted to Cape Town’s unique lifestyle offering and economic stability.

The show’s visitor experience will include opportunities to discuss affordability and interact with the lenders, see new developments and agent listings, compare prices, understand rental returns and make decisions about their purchase.

RICHARD STUBBS, EVENT DIRECTOR, SPINTELLIGENT

Midrand defies Gauteng’s prevailing market

R

esidential property growth in many areas of Gauteng has virtually plateaued over the past year, with some previously buoyant markets achieving little to no growth during this period.

However, Midrand, which is equidistant from Johannesburg and Pretoria, continues to defy the economic slump.

In recent years, Midrand has become a key growth point and Grahame Diedericks, manager principal, Lew Geffen Sotheby’s International Realty in the area, believes that this upward trend will continue in 2017.

“Midrand has weathered the current downturn remarkably well. Not only has the market remained active, but Lew Geffen Sotheby’s International Realty has also realised several record sale months during 2016,” says Diedericks.

Underpinning the market’s resilience is the ongoing commercial growth in the area, which has precipitated an increase in young, professional firsttime buyers, as well as investment buyers who are quickly recognising that they can get more bang for their buck than in the more established northern Johannesburg suburbs.

Rent insurance for tenants, landlords

J

awitz Properties and oobainsure, the insurance arm of bond originator ooba, have launched Rent Protector, created to help tenants who may not always be able to raise a deposit to secure a property, as well as safeguard landlords.

Natalie Muller, regional head: rentals, Jawitz Properties Western Cape, says: “The product requires that tenants need not put down a deposit, and instead works as a rental insurance policy covering missed payments, legal expenses and offering a host of other benefits, making this a tangible

and financially beneficial product for both tenants and landlords.”

It is offered to landlords nationally and to tenants looking for alternatives to high deposits, she says.

For example, on a property for rent for R10,000 a month, a tenant would be required to pay at least R15,000 deposit, as well as the first month’s rent ie. R25,000. With Rent Protector, the tenant will pay R11,000 a month, which covers the insurance side of the product and negates the need for a deposit.

The Rent Protector policy offers full cover from day one of the lease.

8

PROPERTY NEWS

5 FEBRUARY 2017

Neighbourhood

Renting out your apartment Whether it’s your granny flat or an investment apartment, there are some basic principles that you should keep in mind WORDS: ANNE SCHAUFFER

IMAGE: ISTOCK

I

t sounds so simple. You could do it yourself. Access to social media means you can advertise on Facebook and get a flood of enquiries. But if you’re going the DIY route, wise up on screening and signing up tenants – something not nearly as simple as it sounds.

Rental agents do this job daily and have access to more tenant assessment tools than you. They also know how to recognise red flags, and are not as easily swayed by how the person presents themselves, the car they drive and the story they spin. Under most circumstances, those signs of wealth and stability are useful pointers, but you need facts and figures. In the industry, statistics around debt reveal that the average South African tenant has monthly debt commitments 1,3 times that of the rental being negotiated.

So don’t take people at face value.

PayProp’s Annual Rental Index Report – based on actual owner payments of more than 70,000 residential

units – shows that “tenant selection is the single biggest differentiator in the rental market.” As a property owner, ensure that you screen the propspective tenant thoroughly, or get them screened by experts. A background and credit check are critical, and probably best outsourced to a property management firm.

Some questions are standard, some less so, but there’s nothing stopping you from asking whatever you like, such as: Why are you moving here? How long were you at your previous rental apartment? Have you ever been evicted? What is your current salary? Some tenants object to questions around salaries, but given that rent should not be over a third of your total income, it’s a valid question. You also need the prospective tenant’s references, proof of employment, employer’s contact details and two months’ deposit.

If the rental space is on the property where you live, the tenant will be

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part of your life, so you need to know their history, their lifestyle and whether they’re trustworthy and will honour the rental agreement.

The rental agreement must be in writing, signed by both parties with each getting a copy. If you don’t want pets, write that down. If you do allow them, specify size/type – you might not want an aviary or a Great Dane on your property.

Also, specify how many people can occupy the premises – it’s generally two people per bedroom, and a young couple with a small child in a bachelor unit. Clearly detail rules about noise and specify that there should be no subletting. Also specify length of lease, the notice period, rental increase, water/electricity payments and whether you’ll allow nails to be hammered into the wall.

The more detail you include, the easier it will be to resolve any problems.

Always specify the date the rent must be paid, and never budge on that.

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