Estate Living Magazine Connection - Issue 43 July 2019 | Page 23

P R O P E R T Y
&
I N V E S T M E N T
have open-plan kitchen and dining areas, single garages, and
pergola-covered carports, and each is individually designed
to fit its stand. But what sets this estate apart is that it offers
high-end design and high-quality finishes at entry-level prices.
THE TEAM
‘Mountain Crest has come about through collaboration with
top-level professionals, including Dennis Moss Architects
and Town Planners (the designers of De Zalze Winelands
Golf Estate and Nooitgedacht Village in Stellenbosch among
others), and Global Aurecon Advisory and Consulting
Engineers, who’ve worked on many prestigious projects like
Century City, and Val de Vie Lifestyle Estate,’ said Basson.
Because the developers are positioned to buy top-of-the-
range building materials and finishes at bulk-purchase rates,
they’ve chosen to pass these savings on to home owners, he
explained. ‘The spectrum of finishes available – and optional
extras like stacking glass doors, which truly bring the outside
into the home – allow buyers to custom-design their homes to
their own needs.’
THE BOTTOM LINE
Investor-friendly, and with a strong potential for rental yields,
almost half of the homes on Mountain Crest Private Estate are
priced below the R2 million mark, which is a top-performing
asset class in the Western Cape’s property market.
This price point compares favourably with neighbouring
estates, where new-build homes of a similar quality are
currently selling at between R2.3 and R6 million. And the low
monthly levies and rates – around R1,200 and R600 respectively
– make Mountain Crest even more attractive for investors and
potential residents alike.
‘At these prices, people who sell their houses in Gauteng can
now afford a quality buy in the Cape,’ said Mr Basson. ‘Entry-level
property can be used as the underlying asset class for creating
wealth,’ he adds. And, ‘given the projected yields, market value,
and sustainable capital growth that units at Mountain Crest are likely
to deliver, I believe investors would find it difficult to find a better
location for their investments.’
According to research conducted by three estate agencies on
behalf of the developers, average rentals in this part of Paarl come
in at around R15,500 for the kind of freestanding, three-bedroom,
two-and-a-half bathroom houses available at Mountain Crest, which
is significant, because this is a segment in which rental demand is
currently higher than rental supply in the Boland.
Significant, too, is the fact that the latest figures show that house
price inflation in the Western Cape is currently hovering at an
‘unmatched’ 10.2% – despite the fact that the market isn’t currently
performing as well as it did in recent years. Some of the reasons for
this positive increase are thought to include climbing confidence
in the quality of government in the province, and the number of
semigrants choosing to settle in the Cape metropole.
mountaincrest.co
E
‘Four major South African banks have confirmed that they find 100%
value in Mountain Crest homes, and qualifying clients will be able
to secure finance through Nationwide Home Loans, who will find
buyers/investors the best rates,’ notes Basson.
Schone Cedar Property Developers offer a one-stop property and
investment service – including advice on accessing potential tax
rebates for qualifying investors, help from local rental agents, and
access to solutions like Rental-Shield, which can mitigate tenant risk
for investors.