Learn more about Plattekloof from local property experts.
Who is buying property in Plattekloof, and what types of properties are available?
Plattekloof is home to mostly the business elite and professionals. Free-standing properties on average go to market between R 2,5m and R4m for vacant land. The average completed homes are marketed between R4,5m and R30m, depending on location, specifications and finishes. The popular Plattekloof Secure Estates attracts not only buyers from the Atlantic Seaboard, Western Seaboard and Southern Suburbs, but also buyers from Gauteng, KZN, Namibia and international countries. Baronetcy Estate and surrounding estates are definitely not areas to be missed out on. Baronetcy will host some of Cape Town’s, and the world’s, most modern masterpieces, in my opinion, once fully built up.
What attracts buyers to Plattekloof?
Plattekloof is well known for its beautiful views and diversity. The re-sales in Plattekloof are extremely good. This suburb is so popular due to its quiet and friendly neighbourhoods and tree-lined avenues. The main access roads into Cape Town from this suburb are the N7 coming from Plattekloof and the N1 from Durbanville. Plattekloof is also directly opposite Panorama Hospital. There are various good primary and high schools in the area, as well as various churches, a mosque and shopping malls.
Suzann Botha: Principal, World Estates International
How has the area changed over the past five years?
The rising popularity of Cape Town’s Northern Suburbs among young families looking for community-orientated neighbourhoods is rapidly driving up home prices in these areas. In Plattekloof, prices have shot up by as much as 15% in the past year. Prices in Plattekloof are also being driven up by strong demand and supply constraints as more well-to-do buyers find they don’t wish to pay the prices currently being asked in the Southern Suburbs. The area – which offers some good value-for-money properties – offers proximity to the CBD and Durbanville, and has top schools, medical facilities and shopping centres.
This article originally appeared in Neighbourhood, Sunday Times.