Over the past decade or so, the South African property landscape has given rise to a number of residential estates which offer lifestyle elements combined with safety and security. This combination has made estate properties extremely popular, and consequently, a good investment option.
Mooikloof Country Residences is the latest residential estate to be developed in Mooikloof, one of Pretoria East’s most sought-after neighbourhoods. To be developed by Richprop in association with Murray & Roberts and with financial backing from Nedbank, Mooikloof Country Residences will have 250 three-bedroom freehold homes in Phase One.
Ideally situated just off Garstfontein Road in the heart of Mooikloof, this estate is well positioned for residents to enjoy easy access to major road networks and a host of amenities.
However, Paul Hailwood, CEO of Richprop, notes that it is the value-for-money estate living which is attracting buyers and investors, especially given the high level of rental demand and need for this type of property in this price bracket in the area.
So just why does secure estate living hold so much appeal for buyers and what does Mooikloof Country Residences offer its residents? Hailwood explains the top five benefits of purchasing a property within a secure estate, specifically Mooikloof Country Residences:
1. Safety and security
Hailwood says that unfortunately crime is commonplace in South Africa, which means that one of the main points that buyers or tenants consider before purchasing or renting a home is the security features it offers. “Security is often a major factor that determines where people choose to live, which is why the demand for property within secure estates has seen such a phenomenal increase over the last decade or so”. Mooikloof Country Residences offers its residents safety and peace of mind behind perimeter walls and 24-hour access-control.
2. Lifestyle benefits
“People don’t only buy property in residential estates for the investment potential or security features they offer. The lifestyle elements that residential estates provide are also one of the biggest attractions,” says Hailwood.
As a secure, family-oriented estate, Mooikloof Country Residences includes idyllic parklands in which children can safely play as well as a clubhouse with a gym, tennis courts and a swimming pool. The estate will also be pet friendly.
3. Return on investment
The scarcity of property in Mooikloof adds to the level of demand, which in turn creates good capital growth opportunities for property in the area. Security and lifestyle elements like those offered at Mooikloof Country Residences also add value to the property appreciation potential of homes.
“It has been proven that secure estate homes offer excellent investment returns due to the fact that they cater to a primary need, which is to feel safe and secure,” says Hailwood. “Properties that provide both security features and a lifestyle offering are highly sought after which further drives the investment returns. The demand for homes within secure estates has made these investments ones that provide favourable returns over the medium to long term.”
4. Communal facilities
One of the benefits that the secure estate living provides is a range of amenities within the estate boundary. Mooikloof Country Residences provides includes safe parkland areas in which children can play, creating the ideal environment for family living. In addition there is a clubhouse with a gym, tennis courts and swimming pool which residents can make use of.
Mooikloof Country Residences will also be equipped with a high tech fibre optic network for the telephone handset and pre-allocated line that each home includes.
5. Value for money
Mooikloof Country Residences offers investors one of the best value-for-money properties in Pretoria East, given that pricing starts at R1.85million and the estate is nestled among premier residential estates with an average price tag in excess of R6million. “This means that homes within Mooikloof Country Residences make for an excellent investment option with strong appreciation potential,” says Hailwood.
Furthermore, each home comes complete with a selection of appliances – from a fridge and microwave to dishwashers and washing machines, a built-in gas braai as well as energy efficient features. Every home will be fitted with LED lighting and emergency lighting battery backup systems which will automatically kick in to keep the lights on should the power go off.
In addition, Mooikloof Country Residence will provide reticulated gas to each home to power the gas stoves, gas water heaters and the outdoor built-in gas braais.
Hailwood concludes by saying that these three-bedroom homes make for an ideal property investment – whether as an investment property or family home – due to their excellent location in a high-demand, sought-after suburb.