HOMESTEAD VIEWS SECURITY ESTATE, ST FRANCIS BAY

  1. Secure: electric fencing, access controlled
  2. Affordable: apartments from R1.45m to R2m, houses from R2.5m to R3.7m
  3. Value: prices include plot, VAT and transfer costs
  4. Views: overlooking town, with sunny north-facing sea views
  5. Eco-friendly: 2 x 2500 litre water tanks, solar geysers, generous “green“ parks
  6. Finishes: granite kitchen tops, gas hobs and electric ovens  
  7. Modern: fast inexpensive wi-fi, inverter ready
  8. Convenient: walk to town
  9. Infrastructure: brick-paved roads, waterborne sewerage
  10. Timing: currently very low stock of second hand houses in St Francis
  11. Approved: by the municipality and all the banks
  12. Investment: St Francis has a history of returns double the national average

Introduction

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

On offer are 57 freehold freestanding homes, and 4 6 apartments, being marketed exclusively by Pam Golding Properties.

Apartments are priced from R1,458,000 to R1,978,350 and three bedroomed houses from R2.5m to R3.7m (both 3 bedr single storey and 3 bedr double storey houses are available)

Single garages are available at R150,000 and storerooms at R50,000.

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

Infrastructure installation is expected to be complete by mid year, with 13 house completions by year end .

Freehold freestanding homes levies are only R1350 pm, including garden services, refuse collection, and security.

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.

Sales have been unsurprisingly pleasing, as at 25 April, 29 homes and 18 apartments sold.

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 kitchens. The sculleries also open into the enclosed yards, which will have 2 x 2500L water tanks, a washing line and space for gas bottles. The houses will be 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 16 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 timing of this development could not be better, with our stock of houses to sell at an all-time low, after our record sales over the last two years.

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 46 apartments in five two-storey apartment blocks (A, B, C, D, E with 8 units each ie 40 units) and apartments above the garages (blocks G1 and G2 units, with 3 units 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 all have magnificent sea views and are north facing. Each unit comes with two allocated parking bays.

Blocks A, B, C, D, E

Block D & E are sold out.
Block B & C are for sale (Unit 17, 18 & 19, in Block C is sold and unit 10 in Block B)

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) @ 1 858 450 / First floor @ R1  978 350

2 bed ground floor unit (76m2) @ R 1 463 000 / First floor@ R 1 485 550

Units above the 16 Garages:

The six G1 & G2 units (91m2) are all on the 1st floor (not for sale at the moment)
G1 units are R1 675 000 (three units)
G2 units are R1 720 000 (three units)

Estimated Levies:

G1 and G2 (91m2) @ R1 100
2 bed unit (76m2) @ R920
3 bed unit (109m2) @ R1 310
Garage (21m2) @ R255
Storeroom (8m2) @ R100

Single garages are available @ R150 000 and storerooms @ R50,000 .

More General Info

All plots have been pegged and numbered  by the surveyor.

There will be a solid perimeter wall with electric fencing on top, erected around the estate. The existing back fence of Homestead Village will come down and the two Estates will “merge” so residents will be able to walk into the existing Homestead Village.

Airbnb and long term rentals will be allowed.

Cash Flow

Houses:

R550 000 (land price) payable within 7 days of signing.

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.

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”

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Homestead Views Security Estate

Further info

Video (December 2021)

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Homestead Views Site Plan

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Video (March 2022) - Under Construction

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Documents

Unit Details

Description

Size from

Floor plan

3 Bedroom Single Storey

183 m²

Download (13.8mb)

3 Bedroom Single Storey (North Entry, North Facing)

189 m²

Download (13.6mb)

3 Bedroom Double Storey

230 m²

Download (14.2mb)

Development location

For example Steyn City or Eden Island