A hat-trick of sales for Sotheby’s in elite Upper Claremont estate

Launched to market just two months ago, the upmarket Adare Place development in the plush Cape Town suburb of Upper Claremont is already all but sold out – with only one of the seven planned homes still available, and three having been sold by Barbara Manning of Sotheby’s International Realty Southern Suburbs.

“The estate has generated an astonishing amount of interest, considering that home prices started at R11,995m and ranged all the way up to R24m,” she says, “but the sales clearly indicate rising demand for this type of development in Cape Town.

“All the homes were in fact sold within five weeks, and the three we sold, named Wexford, Donegal and Kilkenny, were all bought by SA buyers in cash transactions, for a total of more than R43 million.”

The overall buyer profile in Adare Place, she says, is a mixture of families attracted by the estate’s proximity to top schools and the University of Cape Town, and “empty-nest” couples whose children have already left home.

Situated in the sought-after Hen and Chicken precinct, Adare Place is the first development in Upper Claremont with 24-hour manned security and its stands range in size from 990sqm to 2800sqm. On these, Urban Space will be creating seven gracious family homes with a choice of superb luxury finishes and a range of built-in energy and resource saving systems.

As well as the university, the development is close to top schools such as Bishops, Herschel, Rondebosch, SACS, Western Province Prep and Westerford, as well as the Cavendish Square and Constantia shopping centres and Kirstenbosch Botanical Gardens.

For sports enthusiasts, the Newlands cricket and rugby stadia are nearby, and there are two Virgin Active gyms and four golf courses – Steenberg, Westlake, Rondebosch and the Royal Cape – within easy reach.

State-of-the-art security provisions include a secure perimeter with camera and infra-read beams, controlled access through a guarded gatehouse, and individual home alarm and monitoring systems.

The whole development has also been designed with sustainability in mind, and each home will have a solar-assisted water heating system, a grey-water recycling system and hardwood floors sourced from sustainable plantations.

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