select
|

Constantia plots - rare opportunity to build in a prime location

Think of the Constantia Valley and one thinks of a well-established, fully-developed suburb, set among leafy avenues, rolling vineyards and gracious homesteads, and sheltered by a beautiful mountain backdrop.  

While the suburb may offer ample green-belts for dog-walkers and horse-riders to enjoy, vacant land for residential development is something of a rarity.  Yet Pam Golding Properties (PGP) reports that it is not impossible to find a blank canvas upon which to design one’s dream Constantia home.



PGP agents Lesley Payne and Ingrid Hoaten say vacant erven are in quite short supply in the valley, thanks to its age and popularity.  “Being one of the oldest residential areas of Cape Town, most plots in Constantia have been developed, and in some cases redeveloped,” they say, “with older homes being extensively renovated or even torn down and replaced.  The opportunities to start a brand new build on a clear piece of land can be limited – but they do arise from time to time.  Smaller or sub-divided plots in the lower parts of the valley can fetch between R2 million and R5 million, depending on their position, while the larger and more elevated properties in Upper Constantia can command much higher prices, even approaching R20 million in the really blue-chip sections. Access for builders can be a challenge on some of these elevated sites, but it is worth the effort, as it is almost impossible to over-capitalise on a property in one of these prime locations with their superb views across the valley.”

PGP recently acquired the exclusive mandate to market three adjacent plots in Rhodes Drive, Upper Constantia, which offer just such an opportunity.  One of these is a vacant erf of 6250sqm, while an adjacent property of 5220sqm contains an old home best suited to demolition and rebuilding.  Each of these erven is priced at R5.5 million.  The third erf is the largest of the three at 7321sqm, and contains a character-filled thatched three-bedroomed home with a study, large farm-style kitchen, magnificent wooden floors and leadlight windows. This property is priced at R7.5 million.  All three properties offer panoramic views across the vineyards towards False Bay from their mountain-side location – the most elevated possible setting in the whole of Constantia.  They also have direct access to the Constantia Nek hiking area from their position just below the Bridle Path.



Not far below these properties and also on the market through PGP is a two acre plot located on the corner of Dawn and Monterey Drives – one of the most sought-after and prestigious locations in the whole valley. The north-facing erf offers magnificent views and there is easy access from the road to a level building platform.  The plot is priced at R17.5 million.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
        
    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