Residential estates in South Africa offer their residents an abundance of benefits. From safety and security to jogging trails, clubhouses and fun for the kids, there is no end to the list of advantages.
Therein lies the crux of why residential estates remain a lucrative option for investors: there will always be tenants who want to make the most of the outstanding way of life on offer in estates.
Security estates defined
Security estates are homes that offer peace of mind, heightened security features and a unique feeling of community. They are housing developments that often encompass both freestanding houses and townhouses or simplexes/duplexes. These developments offer features like 24-hour security, electric fencing and biometric access. Over and above the security benefits, estates also offer an array of amenities, from golf courses and fishing dams to walking trails and sporting facilities. Living in a security estate typically means enjoying a harmonious way of life thanks to the rules of the Homeowners’ Association. If you’re looking for a sound residential property investment, you’ve come to the right place.
Examples of some of the most popular secure estates in South Africa
From golf estates and equestrian estates to retirement estates and eco estates, these gems are dotted across all of South Africa’s provinces. The safety considerations make estate homes an ideal prospect for retirees, and Padfield Park’s Greenhaven Estate just outside Durban offers affordable homes with contemporary architecture, scenic walks within secure surrounds and a care centre.
One of Gauteng’s most popular estates is Midstream Estate, a large development that offers not only an array of residence types, but also commercial precincts, schools and opportunities to relax and enjoy a holistic way of life.
Fancourt, a luxurious award-winning golf resort, can be found in the heart of South Africa’s breathtaking Garden Route, just 7km from George. Whatever province you want to live in, you’ll find amazing estate options for your next home or investment.
Top benefits of living in South Africa’s secure estates
From a tenant’s perspective, there are many reasons to sign on the dotted line to rent your property in an estate. For starters, of course, there are the security elements. When you’re surrounded by state-of-the-art security features, there’s no need to worry about every little sound you hear at night. Living in an estate also means that your tenants’ children get to live the type of carefree idyllic lives that have become impossible to find in other parts of South Africa.
Many estates boast convenience factors like on-site shopping centres and creches, as well as lifestyle benefits like swimming pools, gyms and sports facilities. With everything you need just a stone’s throw from home, there is little to be desired.
Why property (and particularly secure estates) remain good investments in South Africa
As a whole, real estate in South Africa remains a worthwhile and stable investment. Bricks and mortar have proven to withstand financial storms better than other types of investments. In light of South Africa’s crime rate, security will continue to be a top priority for tenants looking for property - whether they’re looking for townhouses, family homes or retirement units. On a similar note, the resale value of such properties will continue to grow in light of the ever-growing demand for estate addresses. Investing in properties ensconced in security estates will thus always be a sound investment.
With their multitude of advantages and benefits, homes in lifestyle estates will continue to be a popular option for tenants and a lucrative long-term investment. Whether you’re a first-time buyer or a seasoned investor, Contact Seeff today for more information and guidance about which estate is the best investment for your portfolio.
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