Homes in final phase in upmarket Baronetcy Estate rapidly rising out the ground

Posted On Monday, 15 February 2016 19:53 Published by
Rate this item
(0 votes)

Three homes are now completed with a further 11 homes in the final phase already well under construction in upmarket Baronetcy Estate, situated in prime position in Plattekloof in Cape Town’s popular Northern Suburbs.

Homes in final phase in upmarket Baronetcy Estate rapidly rising out the ground

Plenty more homes are scheduled for building to commence this year, according to Pierre Nel and Andre Leask, Plattekloof area principals for Pam Golding Properties.

“Prices of available plots in the final phase 9D range from R3.1 million to R3.975 million including VAT for erven just under 1000sqm to 1252sqm in size.”

This site of this final phase was formerly situated outside the estate, requiring relocation of the fencing, installation of services and a new road to enable it to be linked and positioned within the estate, all of which was completed in December 2015.

Phase 9 of the Baronetcy Estate development is situated high on top of the Tygerberg Hills plots backing onto the 300ha nature reserve and thereby enjoying elevated height restrictions which exceed the current 7.5m, allowing properties extending as high as 11m and offering triple-storey modern living space.

Says Nel: “In our view, this mountain strip of luxurious properties will comprise some of the world’s most modern architectural masterpieces. With the introduction of the new South African National Standard XA regulations, which aim to regulate energy use and encourage the energy efficiency of buildings, coupled with the yearly increase in building costs and the expensive prices of land, these properties are not cheaply built, and home owners are investing considerable amounts in truly building their dream homes.

“This will serve to further push up prices on the estate, beyond the current marketing prices which currently range from R7.9 million up to  R30 million for completed homes, and vacant land starting at R3 million to R4.5 million.

“New home owners are building to stay, while some existing home owners are selling in order to invest in another plot within Baronetcy and build a brand new home - either upsizing or down-scaling to suit their changing lifestyle requirements. However the common denominator is once people move in, they don’t want to leave the estate.”

With the first phase in Baronetcy Estate launched to market in 2004, on land which was formerly part of the acclaimed De Grendel Wine Estate which remains its immediate neighbour, the estate is blooming with some of Cape Town’s most modern, luxurious homes.

The location is considered prime, being a modern, secure estate just 20 minutes from Stellenbosch, 18 minutes from Cape Town central city and Blouberg and eight minutes from Century City, thereby affording the choice of a variety of prime schools - with homes comparable with the likes of ultra-luxurious homes found in areas such as Camps Bay and Clifton.

Being located high on the hill of the Tygerberg Reserve with panoramic vistas stretching from Southern Suburbs to the Western Seaboard, incorporating renowned Table Mountain, Robben Island and the ocean, residents enjoy magnificent views by day as well as the glittering evening lights. 

Last modified on Monday, 15 February 2016 20:09

Most Popular

City of Joburg Housing Development wins UN award

Sep 17, 2019
 MESHACK VAN WYK
The City of Johannesburg’s Housing department has won a Sustainable Cities and Human…

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
 MOA PNP  1
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
 JASON MCCORMICK
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

Mixed-use is the key to funding hotel development in Africa

Sep 17, 2019
 XANDER NIJNENS
JLL’s research into global property transactions reveals that in the first half of 2019,…

Reserve Bank keeps repo rate unchanged

Sep 23, 2019
 LESETJA KGANYAGO
 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line…

Please publish modules in offcanvas position.