08 Apr
2021

 

A new landmark development in central Hillcrest, with a modern and trendy urban farm style feel.

Dave Jones of Seeff Hillcrest and Kloof is a long-standing property personality in our area, and part of his expertise is to work with developers to bring to the market homes that will appeal to current buyers. The demand for secure gated estates remains high, and the low interest rates coupled with availability of excellent schooling and comparative value for money are attracting buyers to our area. The ability to make a purchase which is transfer duty free is an added advantage, as this results in an added saving of approximately R170 000 per purchase.

Thirteen West is definitely not typically Hillcrest, which tends to be more conservative in approach. The architectural language is natural, under stated and contemporary, with simple forms and structures. The urban farm aspect will see materials such an exposed weathered brick, timber, concrete and natural stone used to create contrast and texture. Pergolas and decks constructed with timber will be left in their natural state to weather and age. Ceilings will be open to allow for maximum volume in the living areas, allowing light in from high-level windows facing towards north or south.

What are the particular features of the development?

Thirteen West is blessed with natural views from half the sites. The security arrangement will see 24-hour manned security, surveillance cameras, access control via a gatehouse and electric fencing. Pets will be welcome, with two pets per home – either dogs or cats. The living areas are open plan, and the covered verandas will form the foundation of a variety of entertainment options. The combined land and building prices will range from R2 950 000 to R3 430 000, with no transfer duty payable. This results in an average saving of R170 000 per purchase. The development will offer buyers a wide scope of optional extras – which will include swimming pools, outdoor fire pits, pergolas, JoJo tanks and laminate flooring in place of tiles.

Are land and building packages available?

Yes, this is a freehold development and purchasers will simultaneously purchase their own plot with a selected building plan and finishes. They will take transfer of the selected plot and thereafter once an approved building plan is in place, construction will commence on their selected home. It is important that all new purchasers to note that once the transfer of the land has taken place their bond repayment will commence on the price of the land, and if the construction aspect is bonded there will be specified building stage draws which will come off the bond – and will result in the purchaser being required to service these building draws in terms of bond interest.

 What do you anticipate being the most popular design and what will it cost?

There will be one 2-bedroom home of 243sqm at a combined land and building price of R2 950 000. The balance are all 3-bedroom homes, and they will range in size from 243sqm to 267sqm. Buyers will have the ability to upgrade their unit from a list of exciting optional extras.

Has the development been approved by the relevant authorities?

Yes, the outer west council has approved the development in December 2020.

When will construction commence and what is the projected completion date?

The development will launch at the end of March 2021, and the project has two distinct phases. The first stage is the sale and transfer of the land plot into the name of the purchaser. It is anticipated that the transfer process will take three months. Plots are being sold with specific designs allocated to specific plots, and once the land has been transferred to the new purchaser and an approved building plan issued by the municipality, construction can commence on the house. The construction period per home will be six to seven months. Therefore, depending on the pace of sales we can expect, land transfers should take place around September 2021, with the completion of homes around February 2022.

Which banks have approved financing of new homes?

Three major banks have approved end-user bond finance through the bond originator, ooba. The originator will ensure that the bond application is shopped around to the four major banks, to make sure that the purchaser get the most competitive bond rate. It is important to note that current interest rates are at an all-time low, which encourages consumers to buy rather than rent. It is also important to note that a 100% bond of an average price of R3 200 000 will result in a monthly repayment over 30 years of R21 290.

Who is the builder?

The builders, Mc Currach & Swart Construction, are based in Hillcrest and have been committed to delivering quality builds in the area since 1969. Mc Currach and Swart are proud to provide a complete building package to our clients, and are experienced in a diversity of projects – including commercial, industrial structures, new home builds, residential developments, renovations and specialised alterations nationally.

The development is deliberately pet and child friendly. Each design will see living spaces leading onto covered verandas who open out onto private gardens. We expect the excellent schools in the area to benefit from the arrival of this development – including Kearsney, Curro Primary and High School, Waterfall Schools, Hillcrest Primary and High School, as well as Highbury Preparatory, which lies within five minutes of this exciting site. This is modern, trendy, secure and private living like nothing Hillcrest has seen before.

 FOR MORE INFO: 031 765 5326, hillcrest.seeff.com, www.thirtheenwest.com.

 

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