La Vie - Secure residential estate in Western Cape
Newly launched La Vie Estate is strategically placed in the sub-million top performing property category in Western Cape with excellent growth and rental returns. The La Vie Estate offers 1 bed & studio apartments each with a dedicated parking bay within the 24 hour security estate. Most units have uninterrupted mountain vistas. No Transfer fees or duty payable! By using entry level property as an underlying asset class to create wealth, it is difficult to believe that investors will find a better location for rental yield and demand, market value and sustainable growth. First bond repayments is only due on completion. As anticipated completion date is June 2018, the investor gains a year’s growth by buying at today's prices. We offer a one-stop property and investment service whereby we assist investors in managing their property. This Investor friendly estate, unlike leisure estates, is unencumbered by hefty levies and has durable finishes, is low maintenance and has individual water and electricity meters to mitigate tenant risk. Comprehensive rental solutions are on offer mitigating rental risk and offering managing solutions, like rental shield. La Vie Winelands estate is placed ideally in Paarl, a growth node, neighbouring upmarket estates like Paryskloof and Klein Parys with values ranging from R2.3mill up to R6mill. La Vie estate is conveniently close to N1 and makes it ideal for daily commutes.
N1 access approx 2,7km
Paarl Mall approx 4,3km
Medi-Clinic approx 5,1km
Boys High approx 3,8km
Paarl Gymnasium approx 6km
Projected rental income at registration:
1 Bedroom with Balcony – R6 000/month
1 Bedroom – R5 000/month
Studio apartment – R4 500/month
Location: La Vie estate offers a secure sense of community away from hustle and bustle of city life. Paarl is well known for its natural beauty, wonderful wine farms and quaint markets, renowned art galleries and culinary experiences. Paarl is also well known for a variety of outdoor experiences for nature lovers like mountain hiking and biking, trail running, fishing and off course golf and polo. Growth in the Western Cape is healthy due to Gauteng & KZN buyers moving for a better lifestyle offering. The Western Cape is well known for its good selection of schools, reliable governance and growing economy. According to Lightstone “Semi-gration” has substantially increased over the last 5 years in Paarl. The number of housing transactions concluded in the Western Cape by buyers from Gauteng last year surpassed levels reached at the height of property boom in 2007. Paarl is one of the fastest growth nodes in Western Cape.
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Disclaimer: While every effort will be made to ensure that the information contained within the Meridian Realty website is accurate and up to date, Meridian Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.