select
|

Nettleton Ridge, Clifton consists of just four luxury homes

Just one of the four luxury homes is still available for sale at Nettleton Ridge, a multi-million rand gated estate in Nettleton Road, Clifton – the most expensive cul de sac in South Africa just below Lion’s Head.


Artist’s impression of the last available house for sale at Nettleton Ride in Clifton, which is expected to fetch R150 million.

Seeff agent Lance Cohen says the location, sea views and luxurious design and finishes of the homes make this one of the most desirable estates in the country.

“The development offers privacy and remarkable views over the Atlantic Ocean, Camps Bay and the Twelve Apostles, all factors that contribute to the high value of property in the street and suburb,” says Cohen.

One buyer here paid R111 million for a luxury villa sold by the agent last year.

The four free standing Bauhaus-influenced homes were designed by Peerutin Architects.

“All four of the houses follow a broadly common theme and are integrated into the landscape, but each includes custom-designed features, technology and finishes,” says Cohen.

The 1 200m² house for sale on a 1 627m² plot has a 224m² terrace, a 70m² swimming pool, and a lift that serves all four levels. The primary accommodation is in the top two levels in a floating construction and the bottom two levels house the ancillary accommodation.

There are four bedroom suites as well as guest and staff accommodation.

Features include a wine cellar, a media room, a study, a playroom a gym, a Jacuzzi, a sauna and a swimming pool. Heating and cooling are provided throughout, and the house has a generator and a six-car garage.

As with most of the homes in this exclusive suburb, it is designed for luxury living and entertainment with indoor and outdoor entertainment areas, all facing the sea for magnificent views, says Cohen.

“Nettleton Road commands the highest prices in the country with values now about 50 to 100 percent higher than they were five years ago.

“Clifton itself now boasts an average price of around R20m and it recently peaked at R23m. This is R5m to R9m higher than the average price of the next nearest most valuable suburb in the country,” says Cohen.

“Although apartments now sell from about R20m, but top prices are easily reaching R60m. About two years ago, a large apartment sold for R190m.

“There are still older houses priced at around R20m to R30m, but those in the top ranked streets such as Nettleton, Clifton and Kloof Roads now command average prices well above this,” says Cohen.

He says Nettleton Road prices range from around R39m to R150m, with the R200m price mark now looking well within reach.

“Prices are rising rapidly as the desire for property here has increased exponentially. Buyers and investors realise that their investment here is surrounded by property worth millions and billions for this small suburb as a whole.

“In Nettleton Road the highest price paid here just five years ago was R60m, whereas today it is almost double that at R111m, and land in the suburb has sold for R70m.

“Aside from South Africans, Clifton tends to attract wealthy foreigners and especially buyers from Johannesburg. The highest price paid in Nettleton Road for example was by a Joburg buyer who spotted the enormous investment potential of the suburb. The Nettleton Ridge house is expected to fetch a price of close to R150m.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 25 Apr 2018
      Whether you are a seasoned seller or new to the game, putting your home on the market is an exciting moment. To ensure you get the best possible outcome these 8 value adding additions to your home is worth the effort.
    • 25 Apr 2018
      After four years of unprecedented growth fuelled by semigration, the Southern suburbs market faced a number of challenges in 2017, including dwindling affordability and a marked slowing in house price growth with many sellers forced to lower their prices in order to secure a sale.
    • 25 Apr 2018
      Mall of Africa, is celebrating its second year of sensational success. This splendid super-regional shopping centre first opened on 28 April 2016, and has grown in popularity, performance and profile since then.
    • 25 Apr 2018
      While the role of trustee in a sectional title scheme is a voluntary and unpaid position, it is one that comes with huge responsibility. Trustees have a fiduciary duty towards their scheme, says Chinelle Hewit, Operations Manager at sectional title finance company Propell.
    • 24 Apr 2018
      The thing about the property ladder is that at some point in our lives we all have reason to want to climb a rung or two higher. Sometimes, it’s because we’ve outgrown our previous dream home, or because we want to be in a better neighbourhood that’s closer to work or to schools. Sometimes it’s because our circumstances have changed, and we’re taking care of elderly parents or relatives. Sometimes, it’s just because we want a property that reflects the financial status our hard work has won.
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK