Own a home from R490 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 R490 000 to around R825 000.
Blue Rise Village offers FLISP subsidised housing. Receive a subsidy of up to R121 626 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.
Why live-invest in Blue Rise Village
RAPID GROWTH NODE
Blue Rise Village will provide much needed well priced houses for the rapid expanding commercial and industrial nodes of Cape Town International Airport, and the adjacent Blackheath Industrail area of Kuilsriver .
Blue Rise Village is located between the well known Old Mutual – Bella Donna Estate and the well established community of Austinville. The latest Lightstone Report on property transferred in Bella Donna and Austinville, shows a 59% to 137% growth in value.
At Blue Rise Village you can now own a house up to 49% lower than the average selling price for the area, making this the perfect priced property to live-invest in.
- Transfer and bond fees included*
- Up to 100% bond financing available assisted by IGrow Homeloans
- Occupation from July 2022
- Prepaid water & electricity meters
- Houses with expansion options
- Blue Rise Convenience Shopping Centre
- Blue Rise Early Learning Centre
- Blue Rise Clubhouse
- IGrow Rentals - our in-house rental managers
- Tenant vetting & placement
- Rental collection
- Ingoing & outgoing inspections
- Maintenance service available
Site Development Plan
Choose your Unit
This development is well priced and positioned to add to your property portfolio.
Type 1
1 Bedrooms, 1 Bathroom
R490 000
-
One level own title with expansion option
-
Unit area - 34m²
-
Private garden
-
1 Parking bay / Garage optional
Type 2
2 Bedroom, 1 Bathroom
R695 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
R570 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
R695 000
R825 000Pricelist
Gallery
What is the Finance Linked Individual Subsidy Programme (FLISP)?
Receive a subsidy of up to
R121 626
Free – no pay back
Bluerise 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 earn between R3 501 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 – R121 626. 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.