Property in Prince’s Grant Coastal Estate has become a sought after investment as the Estate offers generously proportioned homes that provide the opportunity to enjoy the best of country living located perfectly between the buzzing metropolis of Durban and highly sought after tranquillity of the Natal midlands.
At the end of 2016 indicators showed that although South Africa’s housing price growth had slowed down somewhat, with house price inflation at an average of 3.4% for 2016, coastal property continued to perform well. In fact, well known data analysts, Lightstone Property released a report stating that house price inflation for coastal property in Durban and the surrounding North Coast areas remained above the national average at 5.5%.
Prince’s Grant property agent, Noelle Taylor of Golf Estate Properties, says that growth in the coastal property market is expected to continue due to factors including value for money and desirable and secure lifestyle locations. “The North Coast is becoming particularly sought after and Prince’s Grant Coastal Estate ticks all the boxes in terms of what both investors and residents are looking for at the moment. In addition to this, the wide range of amenities offered to residents of Prince’s Grant makes it appealing to a broad range of buyers including those seeking holiday homes, families and retirees.”
According to Taylor, the Estate’s favourable location is one of the factors that make Prince’s Grant an attractive buy. Prince’s Grant is ideally situated on the highly sought after North Coast just 30 minutes north of Ballito and 45 minutes away from King Shaka Airport. This location puts Prince’s Grant in the perfect position to offer access to shopping hubs alongside the benefit of being near to some of the midland’s most popular attractions. “You would easily be able to shop in Ballito or Umhlanga one day and enjoy a game drive or trip to battlefields the next day,” says Taylor.
Nestled among rolling sugar cane fields gives the Estate a country feel while at the same time it boasts modern homes in a secure setting. Says Taylor: “The Estate’s positioning is also a key factor. The Eastern boundary has direct access to a long stretch of quiet and beautiful private beach while on the Southern boundary the Estate offers a fresh water lagoon ideal for fishing, canoeing and birding.”
Homes in Prince’s Grant currently sell for an average of between R3 million to R6 million depending on the property’s location and size. “What investors most need to know about purchasing a property in Prince’s Grant is that homeowners (excluding outside consortiums) have a share in all the commercial facilities on the Estate including the 18-hole championship golf course, the 4-star lodge, the restaurants and the Jeremy Stubbs conference centre. This adds an additional investment factor that is enhanced by the fact that the Estate is well run and is in a sound financial position,” Taylor explains.
From a lifestyle point of view, Taylor says that Prince’s Grant offers what few estates can. Firstly, for an estate boasting both a beach and 18-hole golf course, it is surprisingly modest in size with just 500 units and 70 permanent residents. This offers a certain level of exclusivity making the estate exceedingly family friendly. The estate is also a site of ecological significance with an abundance of indigenous plants and wildlife including duikers, bushbuck, bush babies, and mongoose. The estate’s security is top of line and includes 24 hour manned security supported by 98 surveillance cameras and biometric access.
The list of activities available to Prince’s Grant residents is extensive and includes golf (with reciprocity with many local clubs), tennis, squash, canoeing, fishing, bird club, camera club, cycling, mountain biking, fat biking, walking, boules and yoga. For swimming the estate has a total of three communal pools in addition to direct private beach access for swimming in the warm Indian Ocean. Adding to the Estate’s family appeal, there are also several children’s play areas including a mini football field.
“Generally I tell potential investors that they are investing in a lifestyle for their family when they buy at Prince’s Grant. The Way Life Should be Lived is such a fitting motto as this estate really is a hidden gem. You should never lose money on property but if you buy at the wrong time and sell at the wrong time you will. It is still a buyers’ market at Prince’s Grant and if you buy now your investment should grow as the North Coast grows. But more than that, you and your family will make memories that go way beyond the financial benefits and the legacy of that is something you cannot put a price on,” Taylor concludes.