New record price for Ottery residential property

A new record has been set for residential property in Ottery, located on the eastern fringe of Cape Town’s Southern Suburbs. 

Pam Golding Properties (PGP) agent Nazeem Salie has obtained R2.5 million for a home in the suburb – substantially topping the previous record price of R1.7 million for a single residential property, set in 2011.

PGP’s area principal for Ottery, Nazmie Anthony, says the buyers were looking to upgrade to larger premises to accommodate their extended family, and were attracted by the scale and luxury of this particular property, as well as its location within a quiet circle with virtually no through-traffic.

“The home was purpose-built about four years ago for a large family,” he says, “and finished with a number of modern luxury features. It occupies a substantial erf of 800sqm, which is well over the norm for Ottery. There are six bedrooms including a deluxe master suite, and spacious reception areas flowing out through sliding doors to the pool area and garden. Other features include a prayer room, gym area, Jacuzzi and state-of-the-art gourmet kitchen, as well as staff quarters.”

The home also offers excellent security including a camera system and electric fencing, and has solar heating for the pool, Jacuzzi and geysers. There is WiFi access throughout the house, and a surround sound system which can be independently controlled between the two storeys.

“This property offers luxury on a scale that is unsurpassed in this area,” says Anthony, “so it is no surprise that it commanded a top price. However, it is quite remarkable that the previous record was topped so substantially, by a full R800 000. This is indicative not only of the quality of this property, but also of the growing appeal of the area.”

Ottery’s appeal includes its central location adjacent to the M5 highway, which means that the central city can be reached within 15 to 20 minutes’ drive. Neighbouring suburbs include Wynberg, Kenilworth and Plumstead, as well as the Philippi farming area and the Youngsfield Military Base. The suburb is home to Cape Town’s oldest golf club, the Royal Cape, which was established in 1885 and remains one of the most popular and accessible clubs in the city.

Anthony says the suburb offers a range of schooling options, including pre-primary, primary and high schools, as well as special needs facilities.  There are substantial commercial and retail elements, including a Pick n Pay Hypermarket, Makro and Chinatown, as well as several smaller convenience centres. A number of medical practices can be found in the suburb, while major hospitals can be accessed with ease in neighbouring areas. Another drawcard for families is the presence of several play-parks and soccer fields for children to enjoy.

There is a wide variety of homes on offer, falling into three distinct pricing brackets.  Entry-level properties include sectional title apartments or homes on modest erven of around 200sqm, typically offering two bedrooms and priced at around R625 000. Mid-level properties occupy erven of around 500sqm and usually offer three bedrooms at prices between R850 000 and R900 000. The suburb’s top end typically sees homes on 650sqm offering four or five bedrooms, priced from R1.3 million to R1.4 million. “A handful of more luxurious homes can fetch above R1.5 million, but these are quite a rarity - as was the case with this record priced property,” adds Anthony.

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