The new residential estates on Tygerberg Hill are fast assuming a place among the most prestigious addresses in Cape Town.
Several estates, such as Kleine Meer, Leopard Rock, Little Rock, and Villa Capanero, have been developed on subdivisions of the famous De Grendel family farm of Sir DeVilliers Graaf.
But, says Aida's local area specialist, Marinda Crous, arguably the most sought-after estate is Baronetcy. "The estate is strategically located on the western slopes of Tygerberg Hill and offers views of the Mother City far below and across to Table Mountain and the Atlantic ocean," she says.
"Baronetcy lies next to the Tygerberg Nature Reserve, known for its sensitive renosterveld and home to smaller antelope and more than 100 identified bird species. It is also the only patrolled estate in the area - a major draw card among buyers."
The estate is within walking distance of the entrance to the nature reserve, as well as the historical De Grendel wine farm, the local hospital, medical practitioners and local schools.
Strict architectural guidelines ensure a cohesive theme and use of indigenous plants in landscaping is encouraged to blend in with the surrounding mountainside.
Crous says demand for upmarket properties is healthy and restrictions on further residential development on the urban edge will ensure sound growth in value for buyers in Baronetcy and other estates.
She gives the example of a stand in Baronetcy that sold for R975 000 in 2005. "It was sold again in 2006 for R1,38m and this year an offer was made for R2,3m - growth of more than 100 percent in less than three years. It is a very good indication of the sort of growth that investors can expect."
Stand prices in Baronetcy currently average around R1,75m while completed homes of around 460sqm sell from R4,8m.
Issued by Aida National Franchises