An established Durbanville neighbourhood will soon become home to four brand new upmarket single-title residential homes – an unusual development in an area where new stock rarely comes onto the market.
The lush green area of Proteaville, located between Protea and Hibiscus Roads, is known for its sprawling old homes and proximity to the professional services hub of this northern suburb. It’s an attractive area for professionals to settle down, but options are very limited.
New developments are mostly comprised of smaller homes. Larger family homes – when they do become available – were built in the 60’s and 70’s, and are often too dated to be attractive to a new generation of home owners.
But a new Disa Street development, from boutique developers Trinity Projects, will provide a rare opportunity to own a brand new, luxury single-title home in this sought-after area, which is within walking distance from the Durbanville Medi Clinic and the town’s CBD.
“Because the urban edge is fixed, we have embarked on a series of brown-fields projects to provide new stock in popular neighbourhoods,” says Erik Joubert, co-director of Trinity Projects.
“This provides much-needed but attractive densification in established areas, through strategic land identification and quality development processes,” he says.
In the past 2 to 3 years, Trinity has completed 8 Northern Suburbs projects to the value of R150 million – all of which were eagerly welcomed by the market and prospective home owners.
The Disa Street project consists of four large single-title family homes, with location and finishes that would otherwise not make financial sense to buyers.
Homes are priced from R2.67 million VAT inclusive, and all have individual secure access off Disa Street.
“Buying a similar home in the area would ordinarily come at an almost prohibitive cost,” explains Joubert.
He says that properties in the area would generally be priced at no lower than R3 million. However once bought, most of these homes, which have been around for several decades, would require at least another R1 million in renovations and in addition, the purchaser would have to pay Transfer Duty. Trinity specialises in Turn Key projects, which means that Purchasers only take transfer on completion and no Transfer Duty is payable. This enables Purchasers to obtain easier loan finance at best rates.
“The four homes in Disa Street therefore provide an uncommon opportunity to own a beautiful house in this sought-after and established area, and we expect that professionals such as doctors and lawyers, who have their practices in the area, would be especially interested,” he says.
The family homes, designed by Smith Architects International, are separate-title but pre-designed to form a cohesive architectural streetscape. Erven and home sizes average 575 m2 and 265 m2 respectively.
Buyers will have the final say in personal finishes, but all homes boast upmarket specifications including charcoal Elite cement tile roofing, Victorian profile patio roof covering with exposed timber, LCD video security and intercom systems for the main gates, Minet gas fireplaces in the lounges and covered braai areas outside, and dropped ceiling bulkheads in the kitchen.
All window frames are made of charcoal aluminium, and energy saving solar panels and geyser-wise control systems are fitted.
Frameless, pivot-type shower doors are complemented by Hansgrohe mixer taps throughout.
Buyers will be able to plan internal finishes to suit their taste, including the laminated flooring, porcelain floor and wall tiles, granite kitchen counter tops. Kitchens are fitted with a gas hob, thermofan ovens and stainless steel extractor fans.
“We are very excited about introducing this unique new approach to urban living in sought-after neighbourhoods,” says Joubert.
“It is fantastic to be able to breathe new and stylish life into the grand old neighbourhoods of yesteryear through innovative turnkey projects, and to make these types of homes accessible to a new generation of young professionals,” he says.