Homestead Views Security Estate

Introduction

Homestead Views Security Estate in St Francis Bay features access control, electrified fencing, brick-paved roads… and breathtaking north-facing village and sea views.

On offer, are 57 freehold freestanding homes, and 46 apartments, being marketed exclusively by Pam Golding Properties.

Apartments are priced from R1,650,000 to R2,600,000 and three bedroomed houses from R2.75m to R4.65m (both 3 bedr single storey and 3 bedr double storey houses are available)

18 Single garages ( 21m2 ) are selling at R225,000 and storerooms ( internal size 8m2/2.4 high ) at R 92 500

The location is the prime 5ha site on the corner of the R330 and Homestead Road.

There are 15 permanently occupied homes. These owners have planted trees and are nurturing their newly planted gardens

Freehold freestanding homes levies are currentlyR1350 pm, including garden services, refuse collection, and security. The HOA have agreed to increase the levy to R1550pm from 1 March 2024

Two dogs are allowed, less than 20kg’s each, but you can move in with an existing larger dog. Or two cats or a dog and a cat, ie two pets.  

All major banks have approved bonds up to 100%. This displays their confidence by committing to a substantial investment in our town and shows that they see exceptional value, giving confidence to potential buyers.

Apartment Blocks D and E are complete with their paved parking bays under construction. Construction of Block B and C will start in early 2024

Design and Finishes

The houses have been meticulously designed for contemporary living, including fully fitted kitchen with granite tops. Appliances included are gas hobs, electric ovens and extractor fan.

Buyers have a choice of tiles for the kitchen, living areas, and bathrooms. Bedrooms will be tiled or have laminated flooring.  Garages will have an automated aluminum door.

Access from the garages leads directly into the scullery, which are separate from the kitchen. The sculleries also open into the enclosed yard which have 2 x 2500L water tanks, a washing line and space for gas bottles. The houses are wifi and inverter ready.

Buyers are welcome to make changes to the plans, using the developer’s Architect at no additional cost. If the size increases, a quote will be given before proceeding. Otherwise all you need to do, is choose your finishes (a nice selection).

Background

This property has been zoned residential since 2001, and Homestead Views is the last phase of the adjacent Homestead Village, developed 18 years ago, and which has its entrance in Reservoir Road. Homestead Views has its own entrance in Homestead Road and its own home owners association, and more modern architecture.

The reason for the excellent response from buyers is the affordability and the excellent value, with prices being all-in, including the plot, VAT (no transfer duty) and transfer costs. Bond costs are payable by the buyer, if applicable.  

It is a very appropriate development, being adjacent to existing developments and homes, and within easy walking distance of the centre of town.

We at Pam Golding Properties have built a wonderful relationship with the developers, Ntaba Holdings, over the last two years on St Francis Links, where they have been active, and are delighted to be working with them again on this exciting project. We have shown our commitment to the development with three of us at Pam Golding Properties buying units.

Sectional Title Apartments

Homestead Villas consists of 40 apartments in five, two-storey apartment blocks (A, B, C, D, E with 8 units each, ie 40 units) The apartments above the garages ( in blocks G1 and G2 will consist of 3 units ( 2 bedr ) each, ie 6 units)

The green areas on the Villas Sectional Title Layout are public open space, and will not to be developed.

The same as for the freestanding houses, the prices are fully inclusive of transfer costs and VAT. There is no transfer duty.

The apartments have lovely sea views especially from the first floor units and are mainly north facing. Each unit comes with two allocated parking bays.

Blocks D and E are complete and paved parking bays are currently under construction.

Block D & E are complete
Some units are still for sale in Block B & C with no transfer duty. Construction will start in early 2024.

Each floor in each block consist of 2 x two bed units  and 2 x three bed units
Eight units in each block. Four on the ground floor and four on the 1 st floor

3 bed ground floor unit (109m2) @ R2 050 000 / First floor @ R2 200 000

1 x 2 bed first floor unit (76m2)  @ R 1 650 000

Units above the 16 Garages:

Block G1 will consist of 3 x 1 st floor units ( 90m2 ) built above the garages. They are 2 bedr / 1 full bathroom, balcony and braai off the lounge) Priced @ R 1 675 000 no transfer duty.

Block G2 units will consist of 3 ground floor units ( 90m2) , built above the underground garages.
Priced @ R1 720 000 no transfer duty.

Estimated Levies:

G1 and G2 (90m2) @ R1 100
2 bed unit (76m2) @ R1000
3 bed unit (109m2) @ R1 200
Garage (21m2) @ R255
Storeroom (8m2) @ R100

Single garages and storerooms are for sale.

More General Info

Airbnb and long term rentals will be allowed.

Cash Flow

Houses:

R650 000 (land price) payable within 7 days of signing.  The balance of the purchase price forms the building contract.

Guarantee for the balance of the purchase price within 30 days or bond finance.

The Conveyancer will call for 20% of the building price just prior to the start of construction.

Thereafter six draws during construction are payable.

Apartments:

R10 000 deposit with a guarantee /bond/proof of funds for the balance, within 30 days.

“Homestead Views really is the best value for money in St Francis Bay”