Mt Simon, Stellenbosch

 

Long the domain of wealthy investors only, a prestigious yet affordable Stellenbosch address is finally within reach. At Mt Simon Estate, a rare opportunity now presents itself in providing own-title homes designed to meet the never-ending demand for student accommodation and affordable starter homes for those working in and commuting to Stellenbosch, and who have hitherto been unable to get a foothold in this expensive property market.

Set in farmlands on the banks of Plankenburg River, Mt Simon Estate offers tranquil living and a quiet, ideal study environment in a secure, gated and patrolled development.

Driven by strong demand for affordable housing in this area, Mt Simon Estate is therefore a rare opportunity to invest in growth.

The Estate is within easy access of the main Stellenbosch road network, and features a daily transport service to campus. For those with their own transport, the estate makes ample provision for lockable parking and off-street visitor parking at each home.

All this within a walled secure development with 24/7 security and access control. Spacious individual rooms feature own or shared bathrooms and built-in cupboards. Each home has its own pergola stoep with ample space for outside entertainment areas, garages (not included) and future alterations.

Space features strongly throughout the development in green areas between homes and access to the river flowing through the estate.

Key Features

• Set for completion Dec 2012
• 3 km from University of Stellenbosch campus
• Landscaped open spaces
• Built-in cupboards in all bedrooms
• ADSL ready and connection to university network
• Shuttle transport to Neelsie Student Centre
• Monthly levy includes garden maintenance (Cutting of grass and irrigation system)
• Perimeter walls
• 24/7 Security and access control
• Thumb print identification
• Electric Fencing
• CCTV Cameras

Investment Breakdown

• Costs Included: Transfer Fees & Interim interest
• Bond registration costs for purchaser's account
• Gold Referral Commission: R1 000
• Platinum Referral Commission: R2 000
• Interest Rate used in calculations: Current prime lending rate of 9%
• Capital Growth: Calculated at 8% per anum

Financial Analysis | 100% Bond

A & B	76	2	1	849 000.00	5000 (2 500 x 2)	0.58	6 831.25	3 706.25	12	277 518.69	2 137 926.43
C	83	3	2	1 059 000	7 800 (2 800 x 1 + 2 500 x 2)	0.73	8 520.95	2 875.95	7	116 572.82	1 814 939.90
D	95	3	2	1 159 000	7 800 (2 800 x 1 + 2 500 x 2)	0.67	9 325.58	3 680.58	8	178 917.70	2 145 228.11
D1	95	2	2	1 159 000	8 800 (2 200 x 4)	0.75	9 325.58	2 780.58	6	98 771.73	1 839 187.34
D4	95	4	2	1 195 000	10 000 (2 500 x 4)	0.83	9 615.24	1 990.24	5	49 222.29	1 924 559.45

Financial Analysis | 90% Bond

A & B	76	2	1	849 000	5000 (2 500 x 2)	0.58	6 148.12	3 023.12	10	280 613.69	1 832 927.32
C	83	3	2	1 059 000	7 800 (2 800 x 1 + 2 500 x 2)	0.73	7 668.86	2 023.86	5	168 761.16	1 556 018.43
D	95	3	2	1 159 000	7 800 (2 800 x 1 + 2 500 x 2)	0.67	8 393.02	2 748.02	7	223 261.50	1 986 322.33
D1	95	2	2	1 159 000	8 800 (2 200 x 4)	0.75	8 393.02	1 848.02	5	164 854.85	1 702 951.24
D4	95	4	2	1 195 000	10 000 (2 500 x 4)	0.83	8 653.72	1 028.72	3	136 869.19	1 590 545.00