Steyn City Carisbrook Estate
A stronger trend is to have a separate retirement village within the same estate development, and this is the idea behind Waterfall Hills and Waterfall Valley Mature Lifestyle Estates, adjacent to the Waterfall Country Estate, between Kyalami and Sandton in Midrand.
‘ Carisbrooke is a very good investment, as this estate has everything – wellness centre, restaurant, pub, hair salon, billiard room, tennis and squash courts, gym, heated swimming pool, and a doctor’ s consulting room,’ says sales agent Chic Berkhout.
It offers a mix of freestanding houses ranging from one to three bedrooms, and one- and two-bedroom apartments with the usual facilities expected of a top lifestyle estate – golfing, sports, walking trails, gym with full-size lap pool, coffee shop, restaurant, movie theatre, hairdresser and health spa. Residents have permanent on-site nursing staff who provide services in their homes, or – if necessary – refer them to the fully equipped frail care facility located at Waterfall Hills.
Prices for a two-bed apartment in Waterfall Hills start at around R2.2 million, and a two-bed house, around R3.2 million, while a three-bed, two-bathroom house sells for around R4.8 million. In Waterfall Valley, prices start at R3.2 million for a one-bed unit, and around R5 million for a three-bed unit.‘ These two estates are for over-50s, but quite a few of their younger families are living in Waterfall lifestyle estate, so the extended family is within the wider Waterfall estate,’ says Corlea Reuter, sales agent for Jawitz.
Other estates are more of a hybrid of retirees and investorowned units that are rented out to people over 50. A good example is Carisbrooke Estate in Benoni North on the East Rand, an elegant estate with 78 apartments and 20 two-bed townhouses, priced from R800,000 to R1.9 million.
Similarly, the Riversands Retirement Village / Lifestyle Estate in Heidelberg, which has a frail care facility on site, is attracting investment buyers and retirees.‘ The entry level for a sectional title unit is R1.2 million, so it is very accessible to investment buyers and retirees, and you have all the amenities you need – schools, shops, hospitals and medical centres – very close by,’ says sales manager Nellie van Staden.
KwaZulu-Natal
Situated within the bustling Kindlewood Estate in Umhlanga, Mount Edgecombe Retirement Village( MERV) offers active retirees an unsurpassed lifestyle with extensive 24 / 7 security and beautifully designed, spacious single-level homes, as well as access to convenient and comprehensive healthcare. Prices here range between R2.5 million and R4.5 million.
Alongside all the amenities in Kindlewood Estate, is a variety of healthcare services including assisted living, a frail care centre, and a dedicated dementia facility. Nurses are on call 24 / 7 to provide either emergency first aid or routine care either at the healthcare facility or in the residents’ own homes. All homes are equipped with state-of-the-art emergency calling systems. www. estate-living. co. za | 17