Development of Stadsig Private Estate in Wellington in the Boland region of the Western Cape continues apace with the launch of phase 3, following the complete sell-out of phase 2A and completion of infrastructure and commencement of construction of homes in phase 1. The first home buyers will take occupation in June/July (2016), while the installation of services for phase 2 is also currently under way.
So says Louise Varga, projects manager for Pam Golding Properties in the Boland and Overberg regions, who says this secure new residential development caters for a growing demand for secure new residential developments in this scenic, growing town.
“However, the rapid success of Stadsig is undoubtedly due to its prime location and spectacular views, coupled with the quality of the homes and secure family-oriented environment. This is arguably the best address in town, with a notable 23 local Wellington buyers, demonstrating the perceived value in this sought after development. Further purchasers are from other areas in the Western Cape, namely Paarl, and Cape Town’s Durbanville and Northern Suburbs, plus a few Gauteng buyers, making up a total of 48 homes sold by Pam Golding Properties to date.”
Surina du Toit, Pam Golding Properties area manager in Wellington, Paarl and Franschhoek, says a number of acquisitions have been by investors who will rent out the completed homes with the potential to achieve monthly income of R7 000 to R13 000.
“We have a perfect mix of buyers including young families who are first time buyers, investors and retirees, and comprising locals who are upgrading or downscaling, those from other small towns in the Western Cape as well as the Mother City and upcountry. The trend among Gauteng buyers seeking to relocate to this province is ongoing and not surprising particularly in the very scenic Boland region, given the high appeal of this kind of tranquil and secure, country ambiance. The quick uptake of homes in Stadsig underscores the growing attraction of Wellington, on an ideal site at the foot of the world famous Bain’s Kloof Pass, with access to transport routes for those who commute to the workplace”.
“Stadsig’s location makes it unique, bordering a farm and with exceptionally scenic mountain views as it sits on a hill in Wellington, overlooking the mountains on one side and the town on the other. There are also not many controlled access estates in Wellington, while Stadsig is competitively and affordably priced”.
Free-standing homes in contemporary Cape Vernacular architecture are sold on a full title, plot and plan basis with a choice of 19 different styles including single- and double-storey homes with two or three bedrooms or three bedrooms plus study, and a single or double garage.
With only six units remaining available for purchase in phase 2B, phase 3 comprises 47 units on erven ranging in size from 300sqm to a spacious 698sqm, with houses of 68.5sqm to 140.5sqm in size (excluding garage size). Including VAT, prices in phase 3 start from R1.004 million for a two bedroom home and from R1.149 million for a three bedroom house.
When completed, Stadsig will consist of a total of 161 units rolled out in phases and all set on beautifully landscaped grounds. The project is by Bommelstein Development and the builder is Everson Construction.
Says du Toit: “Despite the current challenging economic trading conditions the residential property market in our areas remains very active with stock still scarce, so indications are that the high market demand will continue, particularly for a well-priced product such as Stadsig Private Estate.”
Pam Golding Properties Wellington agents Erika Odendaal and Lynette Kannemeyer add that a strong demand for homes in the under R2 million price bracket coupled with an increasing desire among home buyers for a secure location where they can raise a family, enjoy a better quality lifestyle or retire, is driving speedy sales in Stadsig.