Plattekloof estate agents discuss the property market and lifestyle on offer in this Cape Town suburb.
What attracts buyers to the area?
Plattekloof is the Bantry Bay of the North with sweeping views of the Atlantic Ocean. It’s like having a home in the country but still living just outside the city centre. Larger homes on bigger plots offer the potential to move in with extended family or of combining two or more households. The proximity to specialist retail shops, private hospitals, other medical facilities and top schools and colleges are also important factors for buyers wanting to move to Plattekloof. Plus the area assures excellent capital growth and the choice between an investment in a smaller sectional title unit or a large modern family home.
How has the area changed over the past five years?
Plattekloof has shown phenomenal growth in popularity and values within the last five years. Modern luxury homes, and breathtaking views have become Plattekloof’s signature and attract buyers from all over the Western Cape and other regions, especially Gauteng and KwaZulu-Natal. Some homeowners have invested multimillions in building new masterpieces increasing the market values. Baronetcy Estate Phase 9, the last and final phase, has sold out at a fast pace, with homeowners building to stay and investing substantial amounts in building their dream homes. The last phase in Baronetcy will be known as one of the most modern strips of grand designs in the Western Cape.
What types of properties are available and what can buyers expect to pay?
Plattekloof consists of normal residential and security complexes. With each new suburb extension, there has been more focus on the security complexes. Plattekloof I is mainly residential with one or two secure apartment blocks. Plattekloof II also has lots of residential but slightly more modern security complexes, and the same goes for Plattekloof III. However, Plattekloof IV/Baronetcy Estate consists of security estates only. It seems that the growing trend is currently set towards living in gated security complexes. We have stands available from R2m upwards, and properties from an entry level for residential is R3,8m. The most expensive property I have sold in Plattekloof is priced at R20m.
Suzann Botha: Principal, World Estates
This article originally appeared in Neighbourhood, Sunday Times.