July 20th, 2012

New Midlands developments selling up a storm

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More than half of the 40 units in the new Ambarlea residential development in Hilton have been sold – less than two months since launch date.

And buying interest shows no sign of flagging, says David Patrick, one of the principals of Harcourts Parklane, which has a joint selling mandate for the complex.

Commenting on the success of the project, Patrick said the developer, Andrew Barnes of Shanbar, had recognized a growing need in the area for improved affordability but without forsaking location or style.

“Hilton has long been regarded as an upmarket residential destination, with a wide range of quality family homes but very little suited to first-timer buyers, investors or retirees,” he said. “Ambarlea, a contemporary-style sectional title development with a selection of one and two bedroom apartments, is a first for our village.”

Comprising 40 units in total, all of which have been completed, buyers have a choice of three different designs. Entry level, at R595 000, consists of a one bedroom apartment with bathroom, open-plan living area to kitchen with granite tops, outside laundry and carport. The two bedroom apartments, priced at R850 000, offer two bathrooms, open-plan lounge / dining area to covered balcony or patio with garden access, modern granite-topped kitchen, laundry and double carport. There is also a limited range of simplexes with similar accommodation for R920 000.

Aside from its pricing appeal and low levies (approximately R680 a month), Patrick says Ambarlea is also attractive from a security point of view, offering as it does automated access control and palisade perimeter fencing. Set in an attractive, treed setting, the complex is within walking distance of the Village, hence the buy-in from Hilton College parents, young professionals, retirees and investors.

Also notching up impressive sales is Amber Ridge, the latest of nearby Howick’s popular “Amber” retirement villages. “Following on the heels of Amberfield, Amberglen and Amber Valley, Amber Ridge offers a range of unit options and pricing within a secure and picturesque environment, which is pulling buyers from all over the country as well as from overseas,” says specialist agent Tiffiny Hancock of Harcourts Greenacres. Since its late 2011 launch, 65 of its intended 200 units have been sold, with first occupation having taken place in May 2012.

According to Hancock, Amber Ridge will comprise a range of units, from one bedroom homes with open-plan living area and single garage to four bedroom, three bathroom homes with double garage. Prices range from around R895 000 to R2, 5m.

While a separate village in its own right, with its own body corporate, frail care, community centres and wildlife conservation area, it will share these facilities with its neighbour, Amber Valley, she says. In turn, Amber Ridge residents will have reciprocal access to Amber Valley’s facilities, which include a large frail care unit, two heated swimming pools, a library, communal dining room, snooker room, various function rooms, a gymnasium, a pub, Astroturf bowling green, two tennis courts, bass and trout fishing dams, and walks in the designated game estate area.

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