Bakoven pipped to become the next Clifton.

News > news - 07 May 2007
Last month two sectional title units sold for R11.2 million and 14.3 million in Bakoven and since August last year, these make up a total of just four sales in one of the most sought after, exclusive suburbs in Cape Town.
 
Rob Stefanutto, Lew Geffen Sotheby's International Realty Director for Development on the Atlantic Seaboard says, because there is no more developable land in the suburb, more and more money is being poured into upgrading and renovating existing homes.
 
“We have a ‘Clifton- phenomenon’ occurring, where homes are becoming more luxurious and therefore more expensive and sought-after due to lack of stock coupled with high demand.
 
Stefanutto says developers have been subdividing many of the old, larger, plots in the area to make way for sectional title, but height and plot-use restrictions have thankfully managed to preserve the fisherman’s village atmosphere that differentiates Bakoven from it’s neighbours.
 
“The roads that lead into the suburbs all end in cul de sacs, contributing to community-orientated living areas.
 
“We have seen growing interest from local and international buyers here, and many high profile Gauteng investors have chosen Bakoven over Clifton and The Water Club, adjoining the V&A Watefront.
 
“The suburb protects and incorporates two small beaches, Little Beach and Beta Beach, which provide residents with walk-out access to these secluded spots from their homes.”
 

Stefanutto says the fact that there are no roads transecting the suburb, and that residents can park directly outside their homes, are other positive aspects, adding to the quaint feel of the suburb.

“The limited access aids a secure living environment and allows residents to extend their living space into public areas.”
 

For more information please call Rob Stefanutto on 083 556 6861.

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