Why local property experts think the property in Prestondale is such great value for money.
What do you love about Prestondale?
What I personally love about Prestondale is that it seems to be in a time warp. The suburb was developed in the 1980s and in recent years it has been surrounded by the New Town Umhlanga Precinct Development to the south and the exclusive Izinga Ridge development to the north. These developments have “circled the wagons” around the once vulnerable suburb and given it the security it needed to become one of the best value places to buy in the Umhlanga area. Prestondale is close enough to enjoy the hustle and bustle of Umhlanga yet secluded enough to let the seasonal holidaymakers go crazy without them disturbing your domestic routine.
What's the average price of freehold and sectional title property in Prestondale?
There are currently around 20 properties for sale in the Prestondale area and these are priced between R2,55m and R16m (for a guesthouse). The average asking price of a sectional title unit starts at around R900,000. The fact that the average selling price for a freehold property is R2,775m makes it an extremely affordable and attractive option for those looking to settle here, although it needs to be said that the price isn't the only attraction. The overall location, the Rolling Hills Country Club estate, a development that caters for the over-50s, and the prestigious Umhlanga College are just some of the aspects that continue to attract buyers.
Nadia Erasmus: Principal, Century 21 Umhlanga
What draws buyers to Prestondale?
There are a number of things that make this suburb so attractive. The area is well situated with easy access to major routes and the airport. It's close to Umhlanga and La Lucia Ridge with all the office parks; it's near the Gateway Theatre of Shopping and Umhlanga Village which offers a choice of great restaurants as well as a beautiful beach. It's a quiet place and as such, ideal for families. It's secure and has its own community police station. There is a weekly farmers’ market (which takes place every Wednesday) and the area is also soon to be the new “home” to the well-known Umhlanga Ski Boat Club.
This article originally appeared in Neighbourhood, Sunday Times.
Take a beautiful trip through Umhlanga here: