Wait Till You See This CONTEMPORARY FAMILY HOME in Waterfall Country Estate!
ฝัง
- เผยแพร่เมื่อ 11 มิ.ย. 2024
- In this property tour, I am joined by top real estate agent Grahame from Sotheby's International Realty as he takes us on an entertaining video tour of this gorgeous contemporary family home in Waterfall Country Estate.
Whether it's the double-volume entrance hall, central atrium, impressive lounge area, or outdoor entertainment area, feast your eyes on what's about to come your way! Curious to hear your thoughts in the comment section below.
As always, let us know in the comments below (or DM me) what you thought about this gorgeous contemporary family home in Waterfall Country Estate, and of course what we can do to up our game! I'm always keeping an open mind and happy to adapt & grow 🤓
PLEASE, do me a HUGE FAVOUR and make sure to LIKE this video and SHARE it with someone you think might enjoy watching it as well.
And yes, if you're an interested buyer and would like to take the next step - make sure to reach out and we'll organise that exclusive in-person viewing asap!
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Now, let the video do the talking - enjoy!🤩
⚡️PROPERTY DESCRIPTION⚡️
The welcoming entrance lulled by a tranquil water feature leads to an intimate family leisure lounge. The central organic atrium effortlessly flows to a state-of-the-art kitchen and scullery.
With easy access, this contemporary family home in Waterfall Country Estate offers a wonderful flow of indoor and outdoor living with a dining room opening to a leisure lounge, and stately bar, leading to a spacious covered patio, landscaped garden, and heated, sparkling pool. Guest bedroom opens to the garden with its own contemporary en suite.
Upper family areas living areas open onto a terraced open-air roof terrace with stunning views of Waterfall Country Estate and the misty Magaliesburg mountains! Three generous quality bedrooms form the private family living space, each hosting a contemporary en-suite bathroom. The main suite hosts a modern bathroom with top-of-the-line finishes, that opens to the roof terrace.
It offers so much more: landscaped garden under irrigation, heated sparkling pool, domestic suite, three garages, private gym with en-suite bathroom, gas fireplace etc.
⚡️QUICK STATS⚡️
★ Beds: 4
★ Baths: 4.5
★ Garages: 3
★ House size: 673 m²
★ Stand size: 1,200 m²
★ Location: #WaterfallCountryEstate #Midrand
⚡️ASKING PRICE⚡️
➔ ZAR 11,750,000
➔ USD 650,000
➔ EUR 600,000
➔ GBP 525,000
⚡️AGENT DETAILS⚡️
★ Agent: Grahame ➯ +27 (83) 357 6288
★ Email address ➯ midrand@sothebysrealty.co.za
★ Agent: Tina ➯ +27 (83) 771 8709
★ Email address ➯ tinad@sothebysrealty.co.za
★ Agency ➯ Sotheby's International Realty - Midrand
Listing link?
(updated shortly)
⚡️EPISODE CHAPTERS⚡️
00:00 - Introduction
00:34 - Entrance
00:47 - Formal Lounge
01:25 - Open Plan Dining Area
01:40 - Lounge Area
02:08 - Entertainment Area
02:24 - Bar
02:35 - Covered Patio
03:31 - Central Atrium
04:06 - Open Plan Kitchen
05:08 - Scullery
05:37 - Garages
05:51 - Gym
06:48 - Guest En-suite Bedroom
07:41 - Feature Staircase
08:34 - Third En-suite Bedroom
09:34 - Upstairs Study/Library
09:50 - Second En-suite Bedroom
10:56 - Pyjama Lounge
11:18 - Main Bedroom Suite
12:02 - Main En-suite Bathroom
12:30 - Upstairs Open-Air Roof Terrace
13:45 - Final Walkthrough Thoughts
Please note that this gorgeous contemporary family home in Waterfall Country Estate may, or may not, still be available at the time of viewing this video. Feel free to double-check with the agent above.
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LinkedIn: / xavierdebuck
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This guy is amazing 👌😎 you can tell he enjoys what he is doing. Well done. Hoping to see more of him
Exactly my thinking, Vuyo! 🤩
The "maze" feel of this house makes it stunning. The only downside is the land size but its something one could live with for some of the benefits. Beautiful layout
Unusual layout indeed, Mandla🤗
Fair point - some of us desire a bigger stand size, even though I’d probably argue that 1,200 sqm of land is ample space, no?
Wow, he's my second favorite after Marussia. he also pays attention to every detail, I love it. Great video again
Awesome to hear, Sboniso!
Grahame is one of the agents on LISTING JOZI (season 2 kicked off again last Wednesday on BBC Lifestyle)
Love the bedrooms, bathrooms and entertainment areas, especially the atrium. 😍 kitchen is a little plain though perhaps it requires just a little bit of styling 🤔
And that’s exactly where you come in, Naledi🥰
Awesome presenting and a beautiful home... well done guys
Exactly my thinking😎
Like to see MORE VIDEO TOURS in Waterfall Country Estate?🤩Then this list will be perfect for you: th-cam.com/play/PLxeaoMFeGtKhdurTW08MDr-gOJXUZLwEI.html
Loved the tour of this gem by Graham. The open plan lounge flow and entertainment, position and views. The gym creation and carbon footprint reduction is a touch of class. To see the Waterfall from that angle is theft. Exquisite indeed. Well done to the sellers
Very well put, Kenny!
Def loving those entertainment/lounging areas myself 🥰
Is he the same guy from
listing Jozi? Love the content as always
100% correct, Bonolo😎
He’s amazing, isn’t he? Think I ought to have him back on this channel as a guide?
Stunning love the flow of the house
Agree! How cool is that central atrium area?!🥰
I like the spacing in this house🔥,just simple and beautiful
Awesome to hear you enjoyed the house tour. And the guide?🤓
My fav part of this house is master bathroom 😍😍those double vanity in the middle is perfect
An that big balcony space for master bedroom soft furniture will do an also can be meditating or reading space
An this guy will be my 2nd fav after Morussia .he also enjoy what he doing 👊🏿
Thanks for your time an effort making these videos Xavier
200% agree with you there - yes, main bathroom, yes terrace/balcony, yes, he’s the male version of Marussia 🤣
Let’s honestly hope we’ll see more of him in the very near future 😎
Oh my, my, my. What a beautiful house! The isolation of the entertainment area from the main house is a well thought idea. Xavier, of all the houses you've shown from the estate so far, this is the best, in my opinion.
I remember Graham from the Netflix show. Great presentation and a breathtaking surprise at the end.
Should I get a windfall now, I'd come for it
True stunning one indeed! Let’s hope that lottery ticket comes through 😎
He’s a star!
Love the flooring. It's a nice one. Well presented. 👍
Glad to hear you enjoyed it, my friend 🤗
Main man is back stronger than ever💪🏽💪🏽
Appreciate the kind words, Cavin 😎
What a great property, great inspiration 🙏
Yay! Mission accomplished.
Cheers, Terence 😎
I'm in love with this property
Truly stunning, Isn’t it, Khathushelo! Grahame rocked it guiding us through the gorgeous home😎
@@LuxuryHomesJohannesburg He was brilliant
Thought so as well 🤓
Jezzz lovely stunning home wow
Hear hear 😎
I really love the natiral lighting in this house
True that 🤗
Grahame is a great salesman
100% natural, Sihle 😎
Oh my days!! 🤯🥹
Stunning, right?!🥰
Great video and lovely home. 😊Felt like it cut short at the end - didn’t get to see the pool. 😢
I hear you - the pool wasn’t in a presentable state, so we decided to leave it closed up vs potentially drawing unnecessary negative attention to it🤓
The downside with Waterfall properties is the issue of no title deeds since the land is on lease!
Sorry just saw this msg. In my experience, vast majority of people don’t know the details of that arrangement.
Here’s are the details for your perusal:
The Long Term Lease - Waterfall Country and Village Estate (info from the Waterfall Management Company and website)
Applicable in the Waterfall Country Estate & Village
General
The company called the Waterfall Country Estate WMC (Proprietary) Limited owns the land on which the Waterfall Country Lifestyle Estate & Village reside. For residents on the new estates, the ownership structure is based on a long term lease rather than full title, sectional title or fractional title etc. Purchasers are thus buying limited right to the land and have the right to occupy the stand as per the lease agreement for the period prescribed in the agreement (ie. 99 years) and in perpetuity to extend the lease term.
Although not a common form of asset ownership in South Africa until now, the long term lease is a viable and proven form of residential property ownership used throughout the world.
Nature and effect
The lease agreement is signed for a specified amount (ie. lease consideration) which is a once off payment from the lessee to the lessor for the right to occupy the land as per the agreement for a term of 99 years from the date of registration with the option to renew or extend the lease.
The lease is registered (in the office of the Registrar of Deeds in Pretoria) in the form of a notarial deed against the title of ownership by the lessor (the person letting the property) in favour of the lessee (the person to whom the property is let). This awards a great deal of protection for the lessee because he/she is ensured of a legal entitlement to enforce his undisturbed right of use and enjoyment over the property within the rules and regulations set by the home owners association.
Should the lease consideration payable to the lessor be financed, it can be done through a financial institution of the lessee’s choice. To ensure the rights of the bank (as they are initially funding your purchase), as well as it’s clients, are protected, Waterfall consulted with the bank panel of South Africa and negotiated various conditions contained in the agreement.
Any permanent improvements to the land form part of the land and thus the lease agreement.
What happens when you want to sell the property?
Like any asset, it can be exchanged for compensation. In this case, like any form of property, it’s dictated by market value or what someone is prepared to pay for it on any given day. Whether with the assistance of an agent or privately done, once a price is negotiated (including the renewal fee of 3.5%) and paid to the seller, the purchaser (new lessee) takes registration of a new 99 year lease. On that transfer, the 3.5% plus VAT, plus 1%, is paid to the Lessor, being the Waterfall Country Estate WMC (Proprietary) Limited. The benefit of this arrangement is that transfer duty (between 5% & 8% as of 2010) is not applicable to the deal and thus allows a more favourable purchase price to be negotiated by both parties.
The extension of the lease period and the cession of the lease rights are registered simultaneously in the deeds office. Like the transfer of a freehold property, the seller is required to settle all outstanding, levies, rates, taxes and municipal charges relating to the leased property
A benefit of this arrangement is that transfer duties are not applicable to the deal and thus allows a more favourable purchase price to be negotiated by both parties. Furthermore, generally the transaction time from signature of the sale agreement to registration in the deeds office is much quicker than in the case of a freehold or sectional title property.
Hypothetical Scenarios
*Should the lessee sell the leasehold rights earlier than 3 years after the first registration of the lease agreement, the purchaser of the leasehold rights will not pay the renewal fee and will retain the balance of years remaining on the agreement? Example: I sell my property 2 years after the first registration; the buyer will not have to pay the 3.5% renewal fee and will be entitled to the remaining 97 years on the lease.
*Should the lessee leasehold rights after that initial 3 year period, the purchaser will take ownership of a 99 year lease. Example: I sell my property after 10 years, I will negotiate the selling price with the buyer to include the 3.5% renewal fee. The buyer will take ownership of the leasehold rights for a 99 year period.
*Should the leasehold rights be disposed of pursuant to a testamentary bequest ie. A will, the heir will take ownership of the leasehold rights without having to pay the renewal fee and will retain the balance of years remaining on the agreement. Example: I pass away after 30 years and the property is passed down to my son as per my will. He will not have to pay the 3.5% renewal fee and will be entitled to the remaining 69 years on the lease.
*The leasehold rights can be sold at any stage in the 99 year period but if the 99 year period comes to an end, the entity owning the leasehold rights will have to renew the lease by paying 3.5% of the fair value of the property and will be entitled to a lease for another 99 years. Example: I buy the leasehold rights in my family trust, after the property has been handed down through, let’s say 3 generations, my great grandson owns the leasehold rights in 99 years time. He will have to renew the lease agreement with the lessor by paying 3.5% of the fair value of the property at the time and again extend the lease to another 99 years.
*No renewal fee is payable if the leasehold rights are transferred to a spouse in terms of an order of court in divorce proceedings. Example: I purchase the leasehold rights and live comfortably with my wife in the property for 10 years. We divorce and the court rules that the leasehold rights are to be transferred to my wife. The leasehold rights are transferred to her name without the 3.5% renewal fee being payable, she will be entitled to the remaining 89 years on the lease.
WATERFALL RESALE INFO
INFO ON NEW BUILD
Commencement is the date you are issued with the construction commencement certificate, which is given once you have complied with all site establishment requirements in terms of the contractors agreement. From the date of this certificate, the owner then has 24 months to complete the construction. Completion will be deemed once he provides the COJ occupation certificate as well as the HOA aesthetics completion certificate. The completion certificate will be issued provided the house has been built in accordance with the approved plans that was stamped by HOA and COJ. If there are deviations, the certificate will not be issued. If the certificate is not in possession by the end of the 24 month construction period, then penalties will apply from 25th month until completed i.e. certificates are produced.
TO REGISTER A NEW BUILDING IN WATERFALL
The owner who has completed the building needs the following documents:
NHBRC unit enrolment certificate
NHBRC builders registration certificate
Occupational certificate
Engineering certificate
Roofing certificate
Glazing certificate
Gas compliance certificate
Electrical compliance certificate
Plumbing certificate
ON RE-SALE COSTS FOR SELLER
Legal costs - approximately R12-15’000
Cancellation bond costs - none if the seller cancels existing bond 3 months in advance
Due to Waterfall Management company:
3% plus VAT - amount due to you Extension Consideration (3.0% plus VAT on selling price) payable to the Landowner in terms of the Standard Lease Conditions
0.5% no VAT - By amount due to you 0.5% Extension Consideration payable by Lessee to the Waterfall Fund Trust in terms of the Standard Lease Conditions
Agent’s commission - 5% plus VAT, of which the agent pays 1% plus VAT to Waterfall Management Company as accreditation fee
Extension fee - legal, R4’500 plus VAT
Deeds office registration fee, R305
Rates recon fee, R400 plus VAT
Rates and taxes, paid up
Levies, paid up
Electrical and gas compliance certificates for own account - approximately R1’500 each, unless repairs or work is needed
Before the sale goes through - the Seller must obtain COJ statement and Eskom accounts and provide to the transferring attorneys
COSTS FOR PURCHASER
Legal costs based on tariff, approximately 0.1% of selling price
Bond costs - if getting a bond
Once the transfer is done, the purchaser is loaded on Trafalgar and SiMs
Trafalgar will send the Purchaser a ‘welcome pack’
The Purchaser must register and get access onto COJ
as always...you never disappoint....💯💯🔥🤜
Liked it? Loved it?😎
Appreciate the support, Duncan!
@@LuxuryHomesJohannesburg Big up...💯I look forward to watching your content 👌. like the next one. 😂
Cheers🤗
I’m busy editing the next video tour due tomorrow evening. Been contemplating setting a FIXED DAY/TIME per week to publish videos🤔
@@LuxuryHomesJohannesburg NYC....I think that will work. having a schedule of when to shoot content, edit and release it. "productivity" like clockwork.🤜🤜
Well, as much as I’d love to have that fixed, those tend to happen at sometimes ungodly hours as I’m trying to fit it all in my tight schedule.
I was more thinking of the PUBLICATION date/time ie every Wednesday 4pm and Sunday 4pm.
And yes, if for whatever crazy reason, I have another one ready on top of that, I can drop it on another random day 🤓
I have seen much better for this price range to be honest I am not crazy about this. But love to watch your videos. keep up the great work.
Thanks for your feedback, Quintin.
I hear you - next time you see any of those, pls think of me and drop the link in my comments (or IG DM me) please as we can always try and do a tour at those 🤗
Beautiful house. Does it come with the Maserati?
Fair question, Palesa. Afraid not. Then again…depends on the offer price!🤣
Xavier please send me the reply of including furnitures price I like that to buy that Mollyn
Thanks for stopping by, Molly.
I tried to find your comment/question wrt furniture price, but can’t locate it.
In vast majority of the time, furniture is not sold with the property. Oftentimes, buyers and sellers make deals on the side for the furniture.
Just double check with the listing agent Grahame @ +27 (83) 357-6288 🤗
First
Thoughts about the tour? House? New guide?🤔
@@LuxuryHomesJohannesburg Awesome tour I love the house
Happy to hear, Fungayi🤗
BAH.QABOOS
Cheers 🤗