Unique penthouse property overlooks Stellenbosch

As part of the Cape Winelands, people are more likely to associate Stellenbosch with wine estates and historical Cape-Dutch architecture than contemporary penthouse homes. 

However, situated in the heart of Stellenbosch central is one such property, says Dot Foster, Broker/Owner of RE/MAX Oaktree, whose office services the Stellenbosch region.
“Generally, due to the fact that Stellenbosch is one of the oldest European settlements in the Cape, many of the properties in the area are usually older, freestanding, expensive homes that can fetch in excess of R8 million in today’s market. This is what makes this property unique – it literally stands out above the rest, with mountains views and overlooking the beautiful town of Stellenbosch,” says Foster.

She notes that the property was recently built so it is ultramodern in styling. The penthouse boasts 360-degree panoramic views, a 90m2 roof garden space, a private outdoor shower and two underground parking bays with a lift to the front door. A walk downstairs will take you to the coffee shop area of Stellenbosch. While the current owner chose to build a large one-bedroom home and use the rest of the space as a water-wise roof garden, the garden area has development rights, so there is the unique opportunity to expand the home further.

Penthouse for sale in Stellenbosch
According to Foster, because the property is unique it was difficult to value as there was almost nothing to compare it to. Currently on the market for R4.5 million, Foster says that there are properties of similar price, however there are none that are in such a prime position. She also notes that while there are other flats on the market in the area within the same price range, they do not offer as much as this penthouse apartment does. “The property’s central location in Stellenbosch makes it absolutely ideal, as it is within walking distance of the university campus, entertainment hubs and coffee shops. A draw card of the penthouse is that while it is in the trendy town centre, it was planned to maximise elements of serenity, beauty and privacy that few city dwellers can enjoy,” says Foster.
Adrian Goslett, CEO of RE/MAX of Southern Africa, says that location is of utmost importance when looking to purchase a property to ensure a marked appreciation in value over the long term. He notes that properties that offer exclusive living and are close amenities are particularly sought-after by investors due to the fact that they will generally provide good returns on the investment.

Foster says that investing in Stellenbosch is investing in a lifestyle. “The area offers everything and more such as the history, art, culture, beautiful views and a European lifestyle, where everything you need is a stroll away,” she concludes. 

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