An artist’s impression of Médoc Mews, the last phase at Asrin Property Developers’ Nuutgevonden Estate in Stellenbosch.
Médoc Mews, the last phase at Asrin Property Developers’ Nuutgevonden Estate in Stellenbosch has just been released for sale, ahead of schedule. What were meant to be rental units only have now due to public demand been released to the public.
There are 39 two bedroom, two bathroom units in this phase, with 19 available, priced from R789 990, including transfer costs but not bond registration. These units are expected to be completed for handover to buyers by January 2016, says Shiraaz Hassan, commercial director for Asrin. Hassan expects these to be sold out by February 2016.
The open plan units in Médoc Mews offer upmarket finishes such as granite countertops, a choice of ceramic tile and laminated flooring, fitted ovens and hobs, and each unit will have its own parking bay and ample parking for guests.
The apartments are in three storey walk-ups in three sections, built in a U-shape, in much the same style as the very popular apartments already built at Nuutgevonden.
Nuutgevonden is only 4km away from the University of Stellenbosch and the centre of the Stellenbosch CBD, and has the perfect balance between tranquillity and the hustle and bustle of everyday life, said Hassan.
This secure estate offers its residents panoramic views of the surrounding Simonsberg and lush landscaped areas. This lifestyle village offers a variety of amenities such as braai facilities, walking trails and safe parks.
The prime positioning of Nuutgevonden makes this the perfect home for students and great investment for first time homeowners or the buy to let investor, although there are, too, older buyers who have downscaled and settled here, said Hassan. Rentals here are on average R6 500 to R7 000 per month.
In addition to the location, residents benefit from 24 hour security as there is a manned access controlled entrance and full perimeter electric fencing.
Property values at Nuutgevonden have increased exponentially, said Hassan, and an average three bedroom home could sell now for approximately R1,8 million. An investment here is well protected as the body corporate is well run and the estate well managed, a sign that residents play an active role in the running of the scheme and want to maintain the lifestyle they bought into, he said.