Landmark East London property sells

A landmark property in East London’s sought after Bonnie Doon area has been sold by Anton Coetzee and Hanlie Bassingthwaighte of Pam Golding Properties for R6.75 million.

Originally built in 1950, this grand property is located in a prime location in one of East London’s most prestigious suburbs, and is said to have been built “on the ruins of a lost love”.  Hanlie Bassingthwaighte, area principal for Pam Golding Properties in East London, says the intriguing air of romance and mystery surrounding the property has fascinated visitors to the area.

“This spacious home with seven bedrooms and five bathrooms has been purchased by a local young family who will reside there permanently. They visited the property on a show day and fell in love with it, and it’s not difficult to see why, as this luxurious home is magnificent and has been completely refurbished for a modern family, with minute attention to detail,” she says.

Set on a large erf of just over 2700sqm, the buildings comprise a sizeable 1075sqm in total. The home includes four reception rooms, fitted bar, study, wood, granite and chrome kitchen, laundry, scullery, storeroom and strong room. The well-secured property includes a large swimming pool, three garages and off-street parking for eight cars, as well as staff accommodation comprising one bedroom and one bathroom.

Adds Bassingthwaighte: “An exquisitely detailed wrought iron balustrade graces the grand staircase, with a chapel-like painted dome above. The bar is crafted in sold Imbuia, reminding one of those found in the English countryside, while most rooms and the Juliet balconies which adorn the bedrooms have unspoilt scenic views over the suburb, Nahoon River and the sea.”

In addition to the above sale, over the past year Pam Golding Properties East London has sold a number of other upmarket properties in the price range above R3.5 million - the most notable being the record price of R7.85 million achieved for East London for a property in Princess Alice Drive. “There is also considerable interest in the price band between R1.2 million and R1.8 million, where properties are selling well. Most of our buyers are families upgrading or downsizing, for a variety of reasons,” adds Bassingthwaighte.

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