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First house at CT estate completed

03 Sep 2007
The first house at Stonehurst Mountain Estate has now been completed and is about to be occupied by its new owner.

The plots, which come in sizes of 450sq m to 2 500sq m, all face north and have views across Constantia Valley to Devil's Peak. The ten up for resale are now priced from R1,4 m to R3,8 m – and are still appreciating at a rate of about 25% per annum – says Anton Chait, a director of Mvelaprop, Stonehurst's developer.

"Other estates in the area are appreciating in value as fast. In the last decade we have witnessed the transformation of the southern half of Constantia Valley – due to three main factors."

"The first of these has been the success of the gated security precincts, Steenberg Golf Estate, Silvertree Estate and the Steenberg Office Park, as well as many smaller security villages.

"The second is the popularity of new shopping and lifestyle centres, at Steenberg and Westlake, and the third is Reddam School, which is within walking distance of all three estates and which is giving a very high standard of education."

Also contributing to the area's popularity, has been the close proximity to the golf courses at Steenberg and Westlake, he says.

Chait says that the going rate in the single residential sector of Stonehurst is now close to R2k/sq m and in some instances up to R2,800/sq m.

For more information contact 021 418 0305 or send an email.

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