Sunday, 16 September 2012

Hilltop Private Estate a "Must See" option (The Bugle)


The recent Sales Talk article referring to the Hilltop sites bordering on Zimbali Coastal Resort being the most expensive residential property in South Africa, raises the prospect of imparted value by association to the properties within Hilltop Private Estate. 

This beautiful “boutique” estate covers an area of 15ha and is small in comparison to the other estates found within the area. It consists of 37 single residential sites, 6 “duet” sites (two homes per site), 3 sectional title schemes that have been developed and a fourth development site which is being converted into 10 freehold sites, currently being developed by Stedone Homes and known as The Ponds. 

The existing sectional title schemes are known as: (1) Kingfisher Rise consisting of 22 freestanding units. With demarcated gardens, double lock-up garages and large under-cover patios these units are great for pet lovers. Pricing of these homes, as an average and measured by actual registered transfers, is R1,773,684. Although the units look similar in terms of layout and design, significant quality variations are evident, which has a large influence on achievable pricing; (2) Sunbird Way consisting of 29 apartments in 7 blocks, with a great communal pool, and average pricing in terms of deeds office reported registered transactions of R1,764,286. These apartments range from well-sized two bedroom units to larger three bedroom options. With exceptionally strong rental demand for homes in this scheme, a unit at the right price is one of the best investment property options available on the Dolphin Coast; (3) Sulawezi consisting of 10 superior quality units which are located on a site overlooking a pond and greenbelt and the Zimbali Coastal Resort golf course and conservation area. The registered average pricing has been R3,264,286.  The Hilltop Estate sectional title units provide great value and have been largely underpriced over the past few years.  

The single residential vacant land offers some of the best value land opportunities along the Dolphin Coast. The site sizes average over 1,500 sqm and offer spectacular views and surrounding landscape. For less than R1m you are able to purchase a site sharing a boundary fence with Zimbali and South Africa’s most expensive home as your neighbour. For anybody considering buy-to-let investment properties or vacant land opportunities within the greater Ballito area, this is a must see estate.

1 comment:

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