Homes at St Helena Views will be coming on stream next year. "We were fortunate to launch when interest rates were low and the property market was just about to take off," said Anton Strydom, sales manager at St Helena Views.
St Helena Views has had four phases. Phases one to three consists of 1,450 residential erven with sizes of 325sq m to 520sq m, the majority of which sold originally at the low price of R199k, while those on the beachfront have been able to command prices of R1,5m.
Designs for a fourth phase, to be developed later, will incorporate a complete waterfront development on which the homes will be ultra-luxurious apartments which will command "international" prices as high as R2m per unit. However, the go-ahead on this project is still some 30 months away.
Although buyers of the erven may use their own builders, they have to adhere to fairly stringent architectural guidelines drawn up by the project's architects.
These will make it obligatory to have a West Coast look which includes red or black tiled roofs, white or earth tone plastered walls and certain other recognisable West Coast features such as low werf walls and terracotta tiled stoeps. Minimum floor sizes are also stipulated.
Strydom estimates that when these houses are complete they will have an average value of R2,5m. Service installation begins in September and the first transfers will take place in the second quarter of 2009.
The project will be surrounded by a palisade fence and, although the area has minimal crime, the entrances to the estate will be security controlled.
A 60-year old building in the estate, the original Cove Hotel, with some ten rooms, is to be completely renovated and will once again operate as a hotel.
For more information contact Gert Joubert on 021 914 1303 or send an email.
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