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High-end buyers drawn to Cape Town’s Baronetcy Estate

Baronetcy - Duke

Boasting what is arguably Cape Town’s best view of the Cape Peninsula, with contemporary grand designs featuring the latest technology, as well as a nature reserve on its doorstep, there’s no denying that Baronetcy Estate in Plattekloof, is the “Atlantic Seaboard” of the Northern Suburbs. Residential listings go to market from upwards of R30m to R40m, as Baronetcy Estate continues to attract high-end buyers looking to invest in a secure lifestyle away from the bustle of the city. The luxury, lifestyle estate is perfect for family living.

Pierre Nel, Pam Golding Properties area principal for Baronetcy, said the median selling price of homes on the estate has shown strong growth in recent years, increasing by 18% from R8,837m in 2017 to R10,197m in 2018.

“Baronetcy offers exceptional value for money, given that the average plot size starts from upwards of 800m2, and it is not unusual for some properties to be as large as 1,800m2,” he said. “For the same price as a compact apartment in other top-end residential areas, one can acquire an expansive property at Baronetcy, complete with smart-home features, exceptional views and excellent security.

“Furthermore, the estate offers a laidback lifestyle with a real sense of community. It is conveniently located just a short commute from Century City and the CBD, and is also within driving distance of the Winelands.”

Baronetcy attracts a diverse mix of local and overseas buyers, explains Nel. Those coming from Gauteng and upcountry enjoy the space and size of the homes, the prime location and panoramic view, as well as the freedom of having Tygerberg Nature Reserve on their doorstep. Baronetcy is well-placed near to the various excellent schools in the area, making this the ideal place for families to settle. The N1 makes it easy to travel to Stellenbosch University and the University of Cape Town as well. Nel said Baronetcy has a stable property market, with owners often selling to upscale or downscale, as their needs evolve, to a new home within the estate. The estate therefore has strong rental market, and homes are let for upwards of R60,000 a month.

When completed, Baronetcy will comprise 300 homes. There is vacant land available, but the strong demand for a piece of this pristine estate has seen the median price of plots increase steadily in recent years, going up 32% from R3,29m in 2017 to R4,3m last year. Homeowners are investing in features that will add value to their homes in the long-term, and many of the new builds include green design elements, such as solar panels, that allow them to operate almost entirely off the grid.

Architectural innovation is evident throughout the estate and many of the multi-storeyed homes have generous living areas, indoor swimming pools and all the mod cons one would expect to see in a luxury home anywhere in the world. Luxury, comfort and convenience set the tone for this plush estate. Hosting top medical facilities, such as Panorama Mediclinic, the area also offers several shopping centres and plenty of restaurants.

“There is a strong demand for luxury living in a secure estate, and buyers are starting to cast their eyes beyond the usual high-end suburbs,” said Nel.Baronetcy - Monarch

 

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