PHASE 4 NOW SELLING - FLISP
Own a home from R535 000
LOCATED IN THE FAST-GROWING CAPE TOWN SUBURB OF SUNSET GLEN
Blue Rise Village will transform the quality of life for those looking for affordable housing in a village setting with its own Shopping Centre, Lifestyle Centre and Early Learning Centre.
When completed the village will consist of 423 units, ranging from one-bedroom houses with one bathroom to two-bedroom and three-bedroom houses.
All houses will have private gardens, while some houses can also be expanded with extra rooms, en-suites, garages and carports. Prices range from R535 000 to around R865 000.
Blue Rise Village offers FLISP subsidised housing. Receive a subsidy of up to R130 505 free with no payback.
Location
Blue Rise Village is only 4,7 km (7 minutes) km from Zevenwacht Mall, 2,4 km (5 minutes) from the Blue Downs Centre with Shoprite as anchor tenant, and less than 1 km from the Blue Downs Magistrates’ Court, within easy reach of Bellville, Kuils River and Stellenbosch town centres as well as Cape Town International Airport.
Blackheath: Commercial & industrial node is a few blocks away, making Blue rise an ideal accommodation option for those employed in the area.
The strategic site offers magnificent views of the nearby Stellenbosch mountain range and Table Mountain in the distance, and is close to local amenities and main access roads, including the N2, R102. R300 & Stellenbosch Arterial.
Site Development Plan
Choose your Unit
This development is well priced and positioned to add to your property portfolio.
Please note: Some houses may be semi-detached. Please see Site Development Plan.
Type 1
1 Bedrooms, 1 Bathroom
R535 000
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One level own title with expansion option
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Unit area - 34m²
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Private garden
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1 Parking bay / Garage optional
Type 2
2 Bedroom, 1 Bathroom
R699 000
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One level own title
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Unit area - 44m²
-
Private garden
-
1 Parking bay / Garage optional
Type 3
2 Bedroom, 1 Bathroom
R599 000
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Duplex own title
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Unit area - 46m²
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Private garden
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1 parking bay / Garage optional
Type 4
2 Bedrooms, 1 Bathroom
R725 000
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One level own title with expansion option
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Unit area - 45m²
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Private garden
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1 Parking bay / Garage optional
Type 5
3 bedrooms, 1 Bathroom
R965 000
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One level own title with expansion option
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Unit area - 59m²
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Private garden
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1 parking bay / Garage optional
Type 6
2 Bedroom, 1 Bathroom
R599 000
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Duplex own title
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Unit area - 49m²
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Private garden
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1 parking bay / Garage optional
Pricelist
Gallery
What is the Finance Linked Individual Subsidy Programme (FLISP)?
Receive a subsidy of up to
R130 505
Free – no pay back
Blue Rise Village offers housing that conform to the government’s Finance Linked Individual Subsidy Programme (FLISP).
The FLISP program is a housing subsidy for first-time home buyers to assist with purchasing a home. The subsidy is paid to your bank or financial institution and will reduce your monthly loan instalments, making it more affordable to purchase a home.
What do I need to qualify for FLISP?
You qualify for this subsidy if:
- You earn between R15 000 to R22 000.
- You are a South African citizen or have permanent residency.
- You have not received a government housing subsidy before.
- You have not owned fixed residential property before.
- You are competent to contract – over 18 years.
- You are married or cohabiting.
- You are single with financial dependents.
We will assist with your FLISP application
What is the subsidy amount that one can qualify for?
The subsidy amount depends on the income of the applicant and ranges between R27 960 – R130 505. Download the brochure to view the sliding scale to determine the subsidy for different income brackets or use our calculator.
Have a Question?
Contact us
If you are considering an investment or a lock-up-and-go lifestyle opportunity, this development is ideal with the perfect location. Contact us today to assist you in acquiring one of these investment units.