Published on February 28, 2018
Before buying off-plan, Linda Erasmus, CEO of CEO of Fine & County, Sub-Saharan Africa, says that buyers should take close look at the aim of the development. Taking Mzuri – a secure estate situated in the heart of Somerset West - as an example, Erasmus says that potential buyer was profiled as someone who loves to live a life where convenience, security and a modern lifestyle are entangled into the design.
“The convenience factor includes distance that the residents have to travel to shops of their choice, medical suites where residents can find an array of specialists, schools that relate to the best education offered and amenities that fit the lifestyle of a stylish society,” she explains.
Eramus elaborates by saying that young professionals are mostly looking for a home that allows for easy coming and going, assisting them in a happier life in the fast lane. “Simple and practical has become the luxury for these young entrepreneurs. And as such, Mzuri has taken into account ways in which to streamline a fast-paced life, with a gym, internet, security, telephony and eco-friendly technology. One can clearly see how the developer built extras in, adding to what today’s buyer in the fast lane really wants,” she says.
Mzuri is ideally placed in the natural beauty of Somerset West, an area that offers a quality lifestyle within easy reach from world-class golf courses, wines estates and nature reserves, to a moderate climate, lovely beaches and tourist attractions.
It boasts a clubhouse with a 25m indoor swimming pool, as well as a kiddies splash pool, while the wifi-enabled conference room and meeting/work space is available for business people who need this facility so that early or late meetings can be a stone’s throw from home. There is also a restaurant/bar lounge with a viewing deck
“With faster lifestyles giving everyone less time to commute, a clubhouse offering the opportunity to relax, exercise, work and socialise leads to better utilisation of personal time. Individuals needing to fit these aspects into their tight schedules do find these features very beneficial,” says Erasmus.
Included in the levy are the costs of gym membership, internet, security, telephony and eco-friendly technology. The high speed fibre optic connectivity available at Mzuri will allow the family to enjoy a more consistent and faster internet.
Added to the convenience elements incorporated into the estate, there are various cost-effective features that make Mzuri all the more appealing. Erasmus explains: “The cost of energy will be lower due to the various energy saving systems and the architectural design. The overall cost of security, internet, gym membership and telephony will be lower when packaged together in the levy than if one were to purchase these services separately. Use of facilities onsite including business spaces and the gym will also save residents on travel costs.”
Speaking about the energy efficient technologies that have been incorporated into Mzuri, Erasmus explains that these technologies lower the carbon footprint and thereby the cost to the man in the street, for example, the use of solar panels, batteries as well as architectural design elements whereby requirements for cooling and heating are optimised.
At Mzuri, the eco-friendly features and technologies include solar panels to reduce energy consumption as well as solar-assisted geysers. In addition, the architect incorporated an efficient recycling system whereby vegetation, glass, steel, plastic waste is all discarded correctly. Waste water plumbing will separate grey water from black water. The grey water will be treated and stored on site for drip irrigation purposes and each residential erf will be supplied with a sealed irrigation point. All homes are north facing and designed for maximum protection from the wind.
Erasmus describes the architecture as contemporary, as the home designs have created light-filled spaces with clean lines and modern finishes. “The inspired architectural design showcases aesthetics which meets functionality through imaginative interiors and environmentally conscious features. All homes are north facing, light filled and space optimised,” she says. “The architectural design has been professionally and carefully planned, taking all potential pitfalls into account, including the layout of spaces so that privacy is enjoyed.”
Each home is also fitted with state-of-the-art appliances including gas hobs, with optional extras including air-conditioners, ceiling fans, combustion fireplaces, American shutters, roller blinds, fully furnished homes, off-grid photovoltaic system with battery backup, swimming pool, synthetic grass, full turnkey smeg solution, irrigation system and heated towel rails.
Mzuri will be one of the most secured estates in the Western Cape. Erasmus says that the latest generation technology will be installed across the security network. “This includes access control, monitoring and manned security at the entrances to the estate and perimeter security in the form of electric fencing and thermal cameras. Both entrances will be controlled by biometrics, visitor management and manned security. Management of the security network will be conducted both on and off site. Each home will be fitted with an intercom system connected to the onsite control room so as to assist with rapid response.”
Priced from R2,7million, homes within this security estate meet the demands for modern living. Mzuri is ideally suited to a range of buyers, from young professionals looking for lock-up-and-go convenience and middle age buyers looking to downscale from large homes, to small families with a fast living lifestyle and the elderly not wanting to move to a retirement village. The homes within Mzuri are also well suited to foreigners who spend a few months of the year in South Africa as well as investors looking for stable tenancy and reasonable return on investment or high return through short term rentals offering luxurious accommodation.
For more information visit www.fineandcountry.com/sa
Published on November 02, 2017
One in ten South African’s opt for estate living, and a number of these estates in Somerset West, are close to beaches, wine farms, nature reserves and golf courses, making these developments an investment in a good quality of life.
Lightstone Property’s research reveals, that there has been an upswing in purchasing activity in the estate market, especially in the Western Cape. This is due to the security and lifestyle benefits it offers. According to the data, estate properties worth about R15bn are traded every quarter.
The Western Cape’s residential property has outperformed the rest of the country significantly in recent years. FNB Household and Property’s latest research, based on Deeds Office data from the areas surrounding the Cape Metro, shows the average price of properties on the Atlantic Seaboard in Cape Town has doubled since 2012—up more than sevenfold since 2001. The primary drivers of such demand have been the sustained semigration pattern from Gauteng, KZN and the Eastern Cape to Cape Town, as well as continued investment by international buyers.
After taking inflation into account, in real terms, South Africa’s average house prices nationally have not performed well since 2012 with the exception of Cape Town which has flourished. There have been positive growth trends and a resilient market is attracting significant investment.
“As demand continues to outstrip supply and properties in Central Cape Town become less affordable, surrounding areas such as Somerset West become attractive investment options. In fact, this area is proving to be a very popular investment destination. This is because of the unique environment in the surrounding winelands which boast all of the amenities offered by city living and more,” says Adam Nisbet from Collins Property Projects, developer of Mzuri Estate.
Mzuri Estate , Somerset West’s latest residential development—caters for a full range of buyers, from the first time home buyer to the discerning investor. What sets Mzuri apart is modern open plan living combined with the latest technology available as well as sustainable and environmentally friendly infrastructure incorporating solar technology and grey water systems.
Value-adding lifestyle benefits including a fully equipped gym, 24-hour monitored security, high-speed fibre to the home and outdoor recreational facilities enable homebuyers to maximise their quality of life. This, together with convenient proximity to shopping centres, medical facilities, private schools and the Winelands makes Mzuri an attractive Investment.
Lifestyle estates offer safety and peace of mind. Housebreaking is now one of the most common crimes in South Africa and so buying a freestanding home within a lifestyle estate gives you the best of both worlds. It’s a smart move combining the space and privacy of a freestanding house with the enhanced, hi-tech security of an estate, and nearby neighbours who can keep an extra eye on your property. The state-of-the art security offered by these estates is included in the monthly levy, whereas freehold property owners must foot the bill themselves. Furthermore, with a number of these estates in the Western Cape being situated close to beaches, wine farms, nature reserves and golf courses, investing in these developments is an investment in a good quality of life.
Rental demand in Somerset West continues to be extremely strong, driven by tenants seeking high quality, modern, open plan living at relatively affordable pricing.
Apartments are generally the most affordable option for investor.. They provide excellent rental returns for investors given the high demand for this type of property. Apartments within a lifestyle complex offer the added bonus of a body corporate which manages maintenance and ensures that the property is well taken care of in the absence of the owner. The apartment can serve as a holiday home for the investor when it is not rented out.
“Property investments remain a good option for wealth-creation,” concludes Nisbet.
Published on October 12, 2017
Somerset West and surrounding areas have seen growth of over 300% since 2001 and there is little doubt that this trend will continue. Making Mzuri Estate an attractive investment that will deliver impressive growth and set a new benchmark for Somerset West.
The Western Cape’s residential property has significantly outperformed the rest of the country in recent years. According to the latest research by FNB Household and Property, using Deeds Office Data from surrounding areas in the Cape Metro, the average price of properties on the Atlantic Seaboard in Cape Town has doubled since 2012, and is up more than sevenfold since 2001. The drivers of such demand is a sustained semigration pattern from the likes of Gauteng, KZN and the Eastern Cape into Cape Town, as well as the continued investment by international buyers.
Considering this in real terms (after taking inflation into account), South Africa’s average house prices on a national level has not performed well since 2012. However Cape Town has flourished, with positive growth trends and a resilient market which is attracting significant investment.
Furthermore, with the value of properties in central Cape Town becoming less and less affordable, the surrounding areas are set to cash in and go from strength to strength.
“As demand continues to outstrip supply, surrounding areas such as Somerset West become attractive investment options. In fact Somerset West is proving to be a very popular investment destination. This is due to its unique environment within the Winelands boasting all and more amenities offered by city living”.
The Mzuri Estate is Somerset West’s latest residential development and offers a solid return on investment. It is located on Bizweni Avenue in Somerset West nestled on the slopes of the Hottentots Holland Mountain range, facing the dramatic sweep of False Bay.
The investment strategy put forward to Mzuri’s purchasers is intended to be a simple one. Whether a seasoned investor or a first time home buyer, Mzuri offers an opportunity to invest into one Cape Town’s most sought after winelands destinations that is showing an outstanding forecasted return on investment. Added to this is the underlying promise of strong capital appreciation which has become inherent in the Cape Town market. Mzuri will not compromise on this promise nor the quality of the product that it aims to deliver.
In addition, rental demand in Somerset West continues to be extremely strong as it is driven by a number of factors. Tenants are seeking high quality, modern, open plan living at relatively affordable pricing, and this is what Mzuri offers.
At conservative estimated asking rentals, an investor can expect the following attractive returns:
Long term rentals with net yields of up to 6,79%
Short term (Airbnb) rentals with net yields of up to 14,47%
Long term rentals including Section 13 tax allowances with net yields of up to 9,54%
Short term (Airbnb) rentals including Section 13 tax allowances with net yields of up to 17,07%.