Nearly half of the new phase at Plattekloof’s Baronetcy Estate has already been sold – even before its official launch to market. Pam Golding Properties (PGP) has the exclusive rights to market Phase Nine, which consists of a total of 82 erven. Just 45 plots remain available for purchase, ranging in size from 920sqm to 2040sqm. The erven are priced from R2.2 million to R4 million, inclusive of VAT.
PGP’s area principals for Plattekloof, Pierre Nel and Andre Leask, say Baronetcy Estate is arguably the most elite secure estate in all of Cape Town’s Northern Suburbs. “The estate was launched to market in 2004, on land which was formerly part of the acclaimed De Grendel Wine Estate, still its most immediate neighbour,” they say. “The name honours Sir David de Villiers Graaff, the first of his family to assume the title after their baronetcy was granted in 1911. This upmarket secure residential development occupies an elevated position on the slopes of the Tygerberg Hills, with many properties enjoying sweeping views towards Table Mountain and Table Bay. The estate abuts the 300ha Tygerberg Nature Reserve, and has been carefully landscaped with green corridors to create a sense of connection to the reserve’s indigenous fauna and flora.”
Security is top-notch, including access control, electric perimeter fencing and regular guard patrols, while new thermal cameras are to be installed around the perimeter within the next few months. Design guidelines ensure that all homes blend harmoniously with the surrounding natural environment, and that the ratio of built environment to open space is maintained. The result is a safe, spacious environment with strong appeal for families, which has attracted a number of high-end businesspeople and senior professionals as owners.
Including this final phase of development, Baronetcy Estate now offers a total of 300 properties. Prices for completed homes typically range from around R5 million to R15 million, depending on location, elevation, size and luxury finishes. Nel and Leask say the plots in Phase Eight sold out extremely quickly and they anticipate a similar response for this final section. “Phase Nine occupies the most elevated portion of the estate, immediately adjacent to the Nature Reserve, and with most properties commanding exceptional views. It also represents the very last opportunity to expand the estate, due to its geographical limits and the careful control of building footprints. This is a prime investment opportunity – once these homes are built, we anticipate that the upper ceiling for prices on the estate will shift towards R30 million or even more.”
Compounding the investment appeal is the fact that the Plattekloof property market in general has shown steady improvement over the course of 2013. There has been an upturn in sales activity and strengthening of prices, chiefly driven by a high demand-low supply environment. The agents say activity has been most notable in the R2 million to R4 million market, with particularly high demand for secure estates. “The demand for a secure family lifestyle in this sought-after area has always been steady,” they say, “but it has been stronger than ever over the past 12 months (January to December 2013). More than 80 percent of our buyers have been locals relocating within the area, or upgrading from neighbouring suburbs, while we have also seen a few upcountry buyers moving in, chiefly from Gauteng and KwaZulu-Natal. Top prices are being achieved in a number of estates, and most homes are achieving on or close to their asking price.”
Prices in Plattekloof currently range from around R2 million for homes in the smaller secure estates, to R20 million and more for super-luxury properties occupying prime elevated plots. Vacant land ranges in price from around R1.25 million to R2.5 million for standard erven, and more for those located within premier areas like Baronetcy Estate. The variety of pricing and size options means that Plattekloof typically attracts both family buyers seeking large homes on spacious erven, and younger buyers seeking affordable lock-up-and-go homes.
Plattekloof – and Baronetcy Estate – are popular not only for their well-built modern homes and enviable views towards Table Mountain, but also for their convenient location, within close proximity of major transport routes and a wealth of amenities. Major shopping can be accessed in under 10 minutes at both Canal Walk and TygerValley Mall, while upmarket smaller centres such as Plattekloof Village offer local convenience shopping. There is also easy access to the private Panorama Medi-Clinic, the Panorama mosque and a number of social and sporting clubs, while Cape Town International Airport is just 15km away. The Central City can be reached within 20 minutes’ drive, while Stellenbosch and the Boland are only half an hour away.
To view the new erven in Baronetcy Estate, or for more information, call PGP agents Pierre Nel (076 967 3766) and Dinita Hewett (082 898 4519), or contact their office on 021 558 3438 or firstname.lastname@example.org.