Buyers in Baronetcy Estate in the upmarket suburb of Plattekloof in Cape Town’s Northern Suburbs are building luxurious residences of grand proportions and design, investing between R20 000 and R33 000 per square metre on building their dream homes.
“Averaging around 900sqm in size, quite a number of homes currently being built are from 1 100 to 1 500sqm”, says Pierre Nel, Pam Golding Properties area principal.
“These new homes are in prime position in the top tier in Baronetcy, directly bordering the nature reserve and with spectacular views not only of the reserve but across to Cape Town city lights, Table Mountain, Robben Island, the Western Seaboard and Cape Point”.
“All the developer plots are sold out, with one re-sale currently available at R4 million for 850sqm. Land prices will only increase further due to the high demand and low supply, particularly given the increase in building cost and finishes and the excavations and ground works taking place, as these properties are carved into the slopes of the Tygerberg Hills.”
Purchasers are mostly building to stay, being mainly business entrepreneurs and corporate executives. Says Nel: “While there are no new-builds available on the market as yet, we will soon begin marketing the first completed home for R56 million, which at about 1 500sqm in size represents approximately R37 333 per square metre.”
Nel says these are truly amazing homes offering everything you can think of with spacious accommodation including four to six bedrooms – all with luxury en-suite bathrooms, open plan lounge/ dining areas, kitchen, formal lounge, entertainment areas, playrooms, pyjama lounges, wine cellar, study, spectacular pools and all the extras. These also include imported kitchens and finishes, lifts, home automation, off-grid solar and even solar rooms, central vacuum, air conditioners, spacious garaging and in some homes, basement parking for 10 cars.
“The list in these architectural masterpieces goes on … double glazed windows, green water systems, built-in appliances, among many other features”.
“This exclusive mountain strip will be home to some of Cape Town’s most impressive designs, reflecting the very latest trends and highest standards of quality. People love beautiful homes and want to leave their own personal stamp which is a work of art in itself. I believe these residences, especially those still being built, will also compete with some of the world’s grand designs”.
“People invest in Baronetcy due to the exceptionally appealing and convenient location in proximity to major highways and Cape Town itself, the quality of the homes and high end investments being made in the estate,” adds Nel.
Comprising a total of 300 homes, to date 157 homes are already completed with a further 42 under construction and building plans submitted or approved for an additional 14 homes.
Due to its location on sloping terrain, homes in the final phase in Baronetcy enjoy elevated height restrictions which allow properties bordering the nature reserve to be extended as high as 11m, offering triple-storey, modern living space.