The Palms - Ottery
Category Property news
A second phase for The Palms, a security estate in the Ferness Estate area of Ottery, is to be launched on 3rd September 2017. On offer are 113, two-bedroomed, one-bathroom apartments, with open-plan kitchen, dining and living areas, priced from R995 000 including VAT. The price includes a parking bay for each apartment and garages are available to purchase. Garden units have exclusive use garden areas of between 21m2 and 123m2 and the top floor apartments have fantastic views of the Constantiaberg mountains and Devils Peak.
Defined by clean and contemporary architectural lines, specifications include marble tops in kitchen and bathrooms, porcelain tiles throughout, and built-in cupboards in main bedroom and kitchen, plus a silver coloured built-in oven and hob.
“The tremendous success of the first phase of this development, has resulted in a complete sellout and all residents are already in occupation,” says Mike Greeff, CEO of Greeff Christie’s International Real Estate. “This is an exciting development, since it offers an affordable living solution, and has the appeal of a new product, combined with the peace of mind of security, in the south east suburbs, where community life is thriving, and property values are climbing,” he adds.
“According to Propstats, the average selling price of property (for all property types and title types) for the past twelve months was R1 219 583 reports Greeff. He adds that these stats indicate that the average time spent on the market before being sold is only 12 days and selling prices are on average only 2.6% below asking price.
The residents of Ottery enjoy excellent access to various amenities, including schools. Ottery is also renowned for its abundant shopping opportunities, which include China town, the Ottery Shopping Centre and the Ottery Value Centre. The community is also serviced by a police station, a new driving license testing centre and easy access to public transport.
Estimated completion of Phase Two of THE PALMS February 2019.
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