Property booming in Wellington
2005-03-10
Anne Kruger
THE property boom in Wellington continues unabated, with numerous properties due for development.
Estate agents ascribe the huge growth in Wellington properties to the growing demand for smaller homes within security complexes, and the lack of available land in Paarl.
Other aspects in favour of Wellington, say residents, are the rural atmosphere, good schools, the improved R44 road to Cape Town for those wishing to commute, the expansion of the colleges and the fact that the tannery has upgraded its plant and is no longer a source of odours.
New on the market is Dukes in Hoogenhout Street, commemorating the Duke of Wellington in its name.
The new security development will consist of 64 houses starting at R749 000 for a three-bedroomed home.
The site is well located with a view over the mountains and vineyards and according to estate agent Johan de Bruyn, 31 have already been sold.
There are six house designs to choose from with a variety of finishes. Transfer and mortgage costs are included.
The developer is Kingfisher Homes, owned by Mike Ryan and Steve Powell, who are based in England.
The Wellington Mews development of 31 houses in Piet Retief Street is finally reaching completion after long delays, while the Serenata retirement complex in Addy Street is also progressing well.
The Campus Ecclesia complex of 23 houses off Church Street has also been completed.
At Diemersfontein the first houses on the smallholdings which are for sale within the vineyards, have been built.
Also planned on the estate is a village of 108 upmarket homes with a clubhouse, swimming-pool and tennis courts.
The development of the Levin property north of Piet Retief Street is also on the cards, although final approval has not yet been granted.
The property of 13 hectares is to be developed into 275 units starting at R375 000 for the smallest units.
Another developer is planning the subdivision of a smallholding in Nuwe Uitsig (Rigter Street) into six homes, subject to final approval.
Also in the pipeline is the development of a security complex of 50 homes on the bank of the Leeuw River in Berg-en-Dal. Approval is still being sought.
More
News
|
