The Winston – the way living was intended
You need to take note of The Winston – being developed in the heart of Bryanston – for two main reasons: Its seamless flow between beautiful, practical architecture and the modern, spacious living it inspires.
The Winston, for which construction is set to commence in early 2017, will breathe a breath of fresh air into the upmarket, historical neighbourhood while gelling easily with the sense of luxury Jo’burgers have come to expect from this sought-after residential area.
Bryanston, which enjoys the status of being the largest suburb in the Southern Hemisphere – home to more than 9,300 properties – used to be synonymous with large 3-acre stands and impressively large stately homes. This is changing, with the larger properties making way for a number of developments offering manageable-sized homes complete with modern living amenities.
Brendan Raubenheimer, head of marketing for The Winston at Currie Group, says that the development will offer apartments ranging from two-bedroom 130m² to four-bedroom 210m² units priced between R3,3m and R5,2m.
These specs, along with the fact that the developer will only build 40 units, is a further indication of the exclusivity of The Winston.
Executives looking for a family lifestyle or young self-starters who want to live just outside the corporate heartbeat of the country are perfectly catered for.
“The apartments in both the north and south blocks of the complex are laid out in a practical nature,” says Raubenheimer, explaining that the Georgian-inspired architecture will transcend throughout the development. “This means that investors will enjoy the generous proportions and spacious living areas that one can expect from this style of architecture.”
What’s more, the apartments will offer all the modern features and finishes discerning buyers have come to expect from new developments: Miele kitchen appliances, state-of-the-art elevators, 24-hour security, gorgeous spa-like bathrooms, with a stand-alone bath, private toilet and Hansgrohe fittings, and a landscaped communal area with gorgeous swimming pool exclusively for the use of residents and their guests.
“Ground-floor units will have a private terrace,” says Raubenheimer. “Units will also not have prepaid electricity meters, but will be Eskom-supplied instead.”
To secure a unit an investor will require a 15% holding deposit and as with most new developments there are no transfer fees payable. Expected levies and rates and taxes range from R3,000 for a two-bedroom unit to R4,000 for a three-bedroom unit.
Investors in need of a bond should not struggle, says Raubenheimer, as the development already has buy-in from all the major banks.
According to Raubenheimer, lifestyle aspects are a prime consideration at The Winston. “Residents won’t have the hassle of travel time and finding a parking spot at the in-demand Virgin Active Health Club on Cross Road,” boasts Raubenheimer. “Because of our location we have arranged with the gym to give residents direct access to the facilities via a turnstile if they chose to join the club.”
Another remarkable characteristic of The Winston, which again highlights the fact that the development is geared towards an executive, comfort-orientated lifestyle, are its great entertainment possibilities. “Hosting and entertaining friends and family at The Winston is seamless,” says Raubenheimer. “The layouts of some of The Winston’s three- and four-bedroom units include a separate entrance guest suite with spacious bedroom and en-suite bathroom, while all apartments enjoy large open-plan living areas.”
It is estimated that 69% of the suburb’s stable owners are aged between 36 and 64 years, while the average household income is more than R75,000 per month. Some 31% of Bryanston’s stable owners have lived there for more than 11 years while 51% of those owners selling their homes have lived in Bryanston for less than five years. At the same time, 18% of owners selling their homes have owned property in Bryanston for more than 11 years. The suburb is attracting young families and singles or couples, indicated by the fact that 82% of recent buyers are aged between 18 and 49.
Just more than 30% of the residential stock in the market consists of estate developments, while it is estimated that 27% of the residential market in Bryanston is made up of freehold properties. The remaining 41% of market stock comprises sectional title schemes. The average price for a sectional title unit has risen from R685,000 in 2005 to R1,312m in 2015, an annual average compounded growth rate of 6.71% during the last 10 years. Over the same 10-year period the average price for a freehold property in the suburb rose from R2,155m to R4,6m, an annual average compounded growth rate of 7.88%.
The Bryanston property market did not react to the 2008/9 financial crisis in terms of price adjustments, with the average price of sectional title units as well as freehold property continuing on their upwards trajectory. However, construction activities have slowed somewhat which may explain the on-going increase in prices.
For more, visit The Winston or call Brendan Raubenheimer on 073 343 2449