Residential

Opportunity knocks at The Baltimore

By ep-admin

Posted on 31/08/2022

It takes a certain kind of foresight to purchase a home in the first phase. While some might be eager to move into their new home as soon as they’ve signed on the dotted line, there are a number of very lucrative benefits to buying early – and in the case of The Baltimore by Central Developments, good things come to those who do not wait.

In fact, ground has been broken on the development with houses already under construction – early buyers will be able to move into their new, dream home by Christmas – the perfect gift for you and your family.

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We take a closer look at why the first phase of this brand-new development in North Riding holds incredible potential for those searching for a property investment or their dream home – and why you should be making your move now.

MORE CHOICE

Buyers that are first in the queue have all the options available when choosing their future house, with as little compromise as possible. From your ideal stand within the estate to the plan size that works the best for your family, you have plenty of choice.

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LOWER PRICES

Developers usually offer the first phase of units at launch prices, and as a result the prices of these units will always be the most competitive within the development. The competitive prices also compensate for the lag in move-in time as those who buy earlier will have to wait a little longer for their home to be complete and the estate to be the full package, complete with lifestyle amenities.

EARLY BIRD SAVINGS

Case in point, the first phase of homes within The Baltimore are now on sale from R2 068 000, and there’s an enticing Early Bird Special available to those who purchase in the first phase – a discount of R50 000! Coupled with no transfer duties and costs or bond registration fees, you’ll save more than R289 000.

BEST GROWTH

As many property investors know, jumping into the first phase of the project means that their purchase will get the maximum capital appreciation possible. There’ll be built-in equity as each phase of home sales within the estate will naturally rise in price as the units become more in demand.

With a longstanding reputation in the development game, Central Developments does their homework thoroughly before deciding where it will build, and what type of development they will build. After extensive market research, they know exactly what will appeal to the market so buyers can be assured they’ll be putting down roots in an estate with a built-in demand for the long-term. Homes bought in the first phase of Lion Pride, a similar estate built by the Central Developments team, have seen a capital growth of 17% over the last two years.

FULL-TITLE OPPORTUNITY

The Baltimore is one of the only developments on this scale in the more sought after northern suburbs of Johannesburg to offer full-title ownership within a secure estate. As a result, it’s a development that will always stand out from the crowd, adding to its future appeal and selling potential for years to come. In addition, the price of the units is less than those in comparable sectional-title estates and its full-title status gives buyers far more freedom. Because they own the property and land that it’s on outright, they can make changes to the garden and house as they wish, as long as the architectural guidelines are within those prescribed by the Homeowners’ Association. The Baltimore offers the best of both worlds – the opportunity for owners to adapt their home to suit their needs as well as the security and lock-up-and-go convenience that comes with living within an estate.

ABOUT THE BALTIMORE

Within The Baltimore, you’ll find 403 double-storey homes, each full-title with 3 or 4 bedrooms and 2.5 bathrooms. The estate offers far more than just homes, though. It offers a convenient, secure lifestyle with a back-up power supply that keeps the loadshedding blues at bay.

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