Plattekloof now a top suburb in northern Cape Town - Market News, News
Please note that you are using an outdated version of Internet Explorer which is not compatible with some elements of the site. We strongly urge you to update to a newer version for optimal browsing experience.

Plattekloof now a top suburb in northern Cape Town

11 Dec 2018

Spacious plots, sizeable houses, fabulous views and close proximity to the city are some of the reasons why many high-net-worth professionals and families are now choosing to buy in the Plattekloof area.

This four bedroom en-suite home in Baronetcy Estate, Plattekloof, offers a gym room, braai area and a pool. It is on the market for R9.9 million - click here to view.

This is according to Johan Jacobs, Seeff’s licensee for the area.

The result is that Plattekloof property values continue to appreciate, and the suburb now ranks as one of the top three suburbs of the Cape Town North area, attracting some of the highest prices, boosted by the Baronetcy Estate, says Jacobs.

This three bedroom, one bathroom house in Churchill Estate, Plattekloof, offers a stunning garden, sparkling pool and undercover patio. It is on the market for R1.82 million - click here to view.

“These days, it is not uncommon for luxury buyers to pay well into the upper millions for a luxury home on a big-sized plot, and we are beginning to see average prices of R4 million to R10 million in the northern suburbs. High-net-worth buyers are seeing these areas as a more laidback alternative to the busy City Bowl suburbs and the pricy Southern Suburbs. They get more bang for their buck here,” says Jacobs.

Lightstone shows that the Plattekloof property market has remained steady. Jacobs attributes the success of the suburb to the excellent location and easy access to the N1, which is currently being upgraded. The suburb lies quite central. It is bordered by the Tygerberg Nature Reserve and enjoys some of the best views across the city, Table Mountain and out over Table Bay and the Blouberg coast.

This five bedroom, four bathroom home in Plattekloof, Cape Town, offers a luxurious pool and zen garden. It is on the market for R10.85 million - click here to view.

There is also a good mix of sectional title and freehold property on offer in the area (and its extensions), along with security estates such as Baronetcy Estate, Leopard Rock Estate, Kleinmeer Estate, La Vie and complexes such as Villa Caponero, Little Rock, Silwerkloof and Plattekloof Gate.

While top prices of R20 million and R30 million are becoming more common place, especially in Baronetcy, the average price of freestanding houses range from around R5 million to about R10.85 million for a large five bedroom home with a separate flat on a plot of 1 236sqm. The home is designed by architect Linus Malherbe and has featured in a top lifestyle magazine. It comes with a double-volume entrance with a large solid wood front door, expansive living areas with custom finishes and a bar and an outdoor terrace with a luxury pool with panoramic views and a zen garden, says Jacobs.

In the complexes, you can expect to pay upward of R2.7 million for spacious two to three bedroom homes. There is also still some vacant land available in the area, he says.

This three bedroom, three bathroom house in Baronetcy Estate, Plattekloof, offers a rim-flow pool and braai area. It is on the market for R7.795 million - click here to view.

Jacob says the access to excellent schools is another big drawcard for upper-income families. Residents also have access to top-class amenities, from local conveniences to big shopping malls, hospitals, the Durbanville Wine Valley and more. Cape Town and the airport, as well as the Cape Winelands, are all within easy reach. The area is also renowned for its excellent medical facilities including, the Panorama Mediclinic and Panorama Healthcare Centre.

Property values have risen notably over the last five to seven years despite the wider economic concerns, says Jacobs.

Seeff expects an influx of buyers to the area over the next few months ahead of the new school year, and it is a good thing that we have such excellent stock on the market, he says.

Print Print
Top Articles
If you’re looking to settle your family in the tree-lined streets of ‘Old Johannesburg’ near great schools, take a peek at these value-for-money homes…

A decision to leave rates unchanged this week will keep the housing market subdued and 'rational', with real house price decline and improving affordability set to continue.

Buildings can help or hinder productivity, while flexible or remote working boosts engagement and satisfaction. Here are top trends for the year ahead...

Loading

Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.

For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.


Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724