How is the development on the corner of the R300 and Homestead Road going?
Forty of the 103 homes at Homestead Views Security Estate have been sold. These sales have all been signed, deposits paid, and bonds approved where applicable.
When is the construction of the houses going to start?
Construction of the infrastructure started in December, with the roads and services due to be complete by Easter when the home building begins. All approvals are in place, including all municipal approvals.
What are the prices?
A three bedroomed home is only R2.23m. However, prices are increasing by 10% on Friday 21 January 2022, due to increased costs of building materials. So if you are considering a purchase, best to jump at it.
What about bank finance?
All banks have approved bonds of up to 100%. This is excellent news for St Francis Bay, showing their confidence by committing to a substantial investment in our town.
What are the features of this development?
Homestead Views features access control, electrified fencing, brick-paved roads… and north-facing sea views. On offer are 59 freestanding freehold homes and 40 apartments.
What are the design and finishes?
The houses have been designed for contemporary living. A fully fitted kitchen with granite tops and a gas hob and electric oven are included. Garages have an automated aluminium door, with access directly into the scullery. The sculleries also open into the enclosed yards, with 2 x 2500L water tanks, a washing line and space for gas bottles. The houses will be wifi and inverter ready.
What is the background to this development?
The property has been zoned residential since 2001. Homestead Views is the last phase of the adjacent Homestead Village, developed 15 years ago, and has its entrance in Reservoir Road. Homestead Views will have its own entry in Homestead Road, homeowners association, and slightly different architecture. It is an appropriate development, adjacent to existing developments and homes, and within easy walking distance to town.
Has the demand been good?
The timing could not have been better, with our stock of houses to sell at an all-time low. The enthusiastic response from buyers is the affordability, with the price range of R1.5m to R3m, and the excellent value.
Who are the developers?
Ntaba Holdings has been active on St Francis Links over the last two years. They have an office in Lyme Road North.
What are the levies?
The levy is only R1350 pm for freestanding freehold homes, including garden services, refuse collection, and security.
What about dogs?
Two dogs are allowed, less than 20kg’s each, but you can move in with an existing larger dog. Or two cats or a dog and a cat, i.e. two pets.
Are these homes a good investment?
St Francis has a track record of returns almost double the national average. Given the popularity of St Francis, especially over the last two years, an investment here seems “as safe as houses.”