In the area 1 Sedgefield
well-priced Aviemore development near Sedgefield in the Southern Cape has
continued to draw buyers despite the economic downturn and is now more than
80% sold out.
Thats the news from Mario Ferreira, principal of the local Chas Everitt International branch, which has the mandate to market the estate. He says Aviemore has been well-received primarily due to its affordability factor and that at present, the market is simply not capable of carrying overpriced developments as evidenced by the fact that so many have had to be put on hold or scrapped altogether.
Stands at Aviemore are priced from R300 000 and completed freehold homes sell for R875 000 on average. These Tudor-style homes have two and three bedrooms, two bathrooms, an open plan living area and a double garage.
Further boosting affordability is the simplicity and low maintenance of the development. There is no clubhouse or pool as the development is within 2km of the beach and Lake Pleasant, and the levies are a mere R250 a month.
However, says Ferreira, locality is also a draw card for those buying at Aviemore. Sedgefield is a no-go area for industrial development and has thus maintained its village ambience. The town also boasts the longest beach on the Garden Route and is surrounded by lakes and mountains. And Knysna, Plett and George are all within easy reach.
There will be a total of just 79 homes in Aviemore as the developers favour quality over quantity, he says, and open, green spaces feature throughout the development. On the other hand, security is a key concern at the estate, with access control and electric fencing around the entire perimeter.
In addition, buyers feel that Sedgefield is one of the most stable areas to invest in and that they can expect good returns on property purchases here. And now that the banks are beginning to relax their lending criteria somewhat, we expect the remaining homes at Aviemore to sell out rapidly.
Article by: www.chaseveritt.co.za