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.
Many more homes are scheduled for building to commence this year, according to Pierre Nel and Andre Leask, Plattekloof area principals for Pam Golding Properties.
“Selling quickly by word of mouth, plots in the final phase 9 have been snapped up by affluent buyers – mainly from the business elite,” says Nel.
“Of the 81 plots marketed exclusively by Pam Golding Properties, only five remain available for purchase, with a few of these currently reserved. 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 with 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 the 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.
“Increasingly, we are seeing buyers who want to experience the quiet, relaxed living of the suburbs yet feel they are ‘in town’ due to the close proximity. We have certainly also noted a general increase in demand for properties in Plattekloof 1, 2 and 3, which includes many buyers from the Atlantic seaboard, Western seaboard and southern suburbs, so the spotlight is definitely on this sought after location,” says Nel.
As most Baronetcy homes exceed 500sqm in building size, they are already designed to the specifications of the XA regulation, to be more energy efficient.
(Photograph: An example of one of the newly homes in the Baronetcy Estate with 640sqm of living space and three-story lift, with views of Table Mountain and Table View. The property is not for sale.)