Kraaibosch Manor Estate Area Profile

Kraaibosch Manor at a glance

Kraaibosch Manor Estate - a security village situated in close proximity to the Garden Route Mall, Groenkloof Retirement Village and access to the N2.

Kraaibosch Manor is host to only 198 full title stands, the constitution of the Estate not allowing higher density and the aesthetic guideline being quite strict on minimum allowable development sizes.

A mere 38 stands remain undeveloped at the moment with a number of plans already submitted for development that is soon to commence.

KPS Garden Route anticipate that Kraaibosch Manor will be fully developed within the next 4 years given the fact that building penalties are now being enforced to give stimulus to final development activity.

The Manor has been a popular development node since it's proclamation in 2010 with steady activity gaining positive momentum as George became an increasingly popular destination for retirees and corporate commuters.

The aerial picture supplied herein gives a clear indication that this stunning development has just about been fully built with only select few stands remaining - some available for sale, most though secured by future owner builders still planning their dream home.

Investment Value

Real Estate remains a prominent investment option - KPS Garden Route in advisory capacity can substantiate the fact that Kraaibosch Manor has shown prolific positive capital growth since inception of the estate.

The graph below depicts the average selling prices of developed homes yet also vacant land and also gives an indication of the activity experienced in the different price segments.

The statistics for 2020 would represent a distorted number as the market has certainly been directly affected by the recent COVID-19 pandemic.

Provincial boundaries were closed and airports were shut down having a direct impact on the sales figures for Kraaibosch Manor amongst other popular security villages.

Turnover of Ownership

It is no surprise that as much as 77% of all home or land owners selling their assets in Kraaibosch Manor at the moment, are owners who has owned their assets for a period of less than 7 years.

The growth in value has been substantial and the demand for assets within this estate has certainly grown substantially to the extent that current Sellers have the intention of either realizing their investment growth now or have opted to not develop their next homes but rather dispose of the last few remaining stands whilst prices are good.

The enforcement of building levies has also prompted some land bankers to disinvest and employ their capital elsewhere.

The graphs below is also an indication of the tendencies in Kraaibosch Manor and emphasizes the fact that the Manor remains a popular village to commit to given the fact that the stands are generally larger than most of the surrounding security villages such as Kraaibosch Country Estate and Blue Mountain Village.

The average stand size in Kraaibosch Manor is 900m2 tot 1100m2 as opposed to the counter parts providing stand sizes around 600m2 on average.

The average ages represent a mature state of 36 to 64 years of age and residents represents a number of retirees but mostly successful entrepreneurs and businessmen alike.

The estate is predominantly owner occupied with only a few rental options available in the estate.

Development Guidelines

KPS Garden Route is an NHBRC registered developer and as a result can advise clients on relevant information pertaining to the design and development of their next home.

Many clients see Kraaibosch Manor as a retirement option whilst many prospective home owners, unable to find the perfect fit in the open market, opt to design and develop their next home.

Either way, if not planned properly, it could be disastrous.

KPS Garden Route however can provide a turn-key solution for such ventures.

Our inhouse mortgage originator - Greendoor Home Loans Garden Route - can provide guidance regarding the development process, the loan process and the documentation required.

Kraaibosch Manor's development guidelines can be found at the link supplied. Further information available at the link supplied is;

• The Village's house rules
• The Constitution
• Maps and related information

The allowable footprint for each stand equates to 40% of the stand size with a further 50% thereof on first floor.

The minimum allowable construction size is 180m2.

Amenities

Amenities in close proximity includes;

• The Garden Route Mall
• Eden Meander
• Access to the main freeway - N2
• Victoria Bay is a mere 5.5km away - a few minutes
• Outeniqua High School
• Glennwood Trinity House
• George Airport
• Nelson Mandela University

Kraaibosch Manor is an investment option of note, a desirable location to settle down and provides a trancquil, family friendly neighbourhood with great security measures and proper financia management.

Levy Structure

The levies charged at the moment is an amount of R 850.00 (Eight Hundred and Fifty Rand Only) and is employed mainly towards the upkeep of the roads and gardens and the walk-ways in the Estate.

A current undeveloped levy is also charged for vacant stands of a further R 675.00 (Six Hundred and Seventy Five Rand Only). This levy will be cancelled effective immediately upon issue of the occupation certificates after development of the assets.

You can call on KPS Garden Route for any residential sales or rental related matters within Kraaibosch Manor - we represent an active portfolio of passionate ambassadors.