The recently released The Yellowwood townhouse development at De Hoop Bardale Village has completely sold out, faster than expected, says Cornel Haskins, sales manager for SAProperty.com, who are marketing homes at Bardale, and they are anticipating the next phase - The Milkwood - to sell out just as quickly.
"When we were given 60 homes at The Yellowwood to sell, we didn't realise just how fast they would go," said Haskins. "These units sold out within six months, which could be attributed to the very competitive pricing as well as Bardale Village now being seen as a family community, a suburb on its own, and a very good investment opportunity. Bardale Village is seen to have uplifted the community."
In addition, Bardale has a primary and high school within easy walking distance of all the homes, as a well as creche facilities, and is becoming very sought after by young families or those planning for the future, she said.
Units at Yellowwood were priced from R595 900 for 50m2 two bedroom double storey units, each with on-site parking, burglar bars on window frames, solar hot water geysers, all within an access controlled complex. The design allows for two bedrooms with a family bathroom upstairs and the kitchen and living area downstairs.
The townhouses offered at The Milkwood are similarly designed, and just opposite TheYellowwood. This development also has its own perimeter fencing and soon-to-be-installed security cameras. Homes at The Mlikwood are selling at prices from R625 900 for 50m2 two bedroom units, with the same finishes and features as in The Yellowwood.
These townhouses are very good value for money, said Haskins, and the design has been popular with the entry level buyer, many of whom are finding they no longer want to pay rent (in effect paying off someone else's bond).
If one pays a R2 000 deposit (the minimum needed by the developer on signing the offer to purchase), and calculates the bond repayments over 20 years, at 11,25%, the monthly repayment is just over R6 540, (or R6 060 over 30 years) which is often what is paid in rent for similar units. It makes sense, therefore, to buy rather than rent, she said.
To date there have been over 1 150 homes built at Bardale Village, in three phases. The Milkwood is the last of the townhouses in phase three and as the years have gone by, this development has grown from strength to strength. The overall plan envisaged by the developer, to have an all-inclusive community, is coming to fruition, said Haskins.
For further information contact Cornel Haskins on 021 427 1600 or email cornel@saproperty.com.