A mountain and sea haven
BANTRY Bay and Clifton share what can probably be described as one of the best wind-protected micro climates in the Cape. Bantry Bay, between Sea Point, Fresnaye and Clifton, was originally the site of a terraced botanical garden established in the early 1800s.
Today, properties in Bantry Bay, whether set high on the slopes of Lion’s Head or further down at the water’s edge, almost universally enjoy spectacular views of the Atlantic Ocean and mountain views. These views make Bantry Bay one of the most sought-after residential strips on Cape Town’s Atlantic coastline.
Lance Cohen, of Seeff Properties, who is marketing this fivebedroom, five-bathroom home situated in De Wet Road, Bantry Bay, says that it has some of the most breathtaking sea views on the Atlantic seaboard.
“The uninterrupted 180 views definitely add to the overall appeal of this home, as does the rim-flow pool, constructed to make one feel on the edge of the horizon.”
Cohen says that De Wet Road is aprominent road on the Atlantic Seaboard.
“Whether a client is familiar with the area or not, its appeal is immediate. Exceptionally sheltered from the harsh elements, De Wet Road could be considered a world apart. It is set away from the hustle and bustle of the beachfront and nestles under the shadow of Lion’s Head.”
While the average size of a stand in De Wet Road is about 550m², this home is set on 786m². Describing the spacious home, Cohen says that the use of space is exceptional and the natural surroundings have been utilised in an intelligent and elegant manner.
The home has a large kitchen with all the mod cons, two garages and spacious entertainment balconies from which to enjoy a view of the glorious sunsets.
Property prices in Bantry Bay tend reflect the fact that it is home to the privileged few who enjoy an extraordinary lifestyle.
Demand for property here consistently exceeds supply and Bantry Bay is highly sought-after as one of the best rental locations all year round.
The predominant price band for residential property in Bantry Bay is in the R5m+ category, according to Knowledge Factory’s SAPTG statistics. These figures also show that 74% of property here is sectional title, with only 540 full-title properties. The average value for the 25 full-title transfers recorded in the 2010 period was just over R12,2m. Knowledge Factory’s SAPTG’s suburb trends show a three-year value growth trend of 4,46% and a five-year trend of 10,4%.
Cohen says that the property market on the Atlantic Seaboard in general has decreased somewhat due to the financial situation and that the banks are unwilling to lend money.
“However, in Bantry Bay and Fresnaye it seems that buyers with a pricing point of R10m and above seem to be following a trend of searching for a property that can be remodelled or renovated to meet their specific needs and desires.
“There are also certain purchasers that are dead set on buying a lock-up-go modern, renovated property, preferably designed by a renowned architect.”
Generally in Bantry Bay, and more specifically De Wet Road, Cohen says that renovations are becoming more prevalent because fewer plots are available.
“Older homes here are being demolished to make way for newer, upmarket homes,” he says.
Commenting on the current prices of property along this exclusive stretch of Cape coastline, Cohen says that two-bedroom apartments, specifically in Clifton, could range from R6m to R8m.
“A large contributor to the price difference would depend on which side the apartment is located, that is sea or mountainside of Victoria road,” he says.
Mid-level homes in Bantry Bay, Fresnaye and Clifton have varying price ranges, also dependent on where the property is situated.
Using De Wet Road as an example, Cohen says that a large four-bedroom home with all of the bathrooms en suite range between about R18m and R25m.
“The most expensive freehold houses in Bantry Bay, Fresnaye and Clifton, which include top-end security features as well as other special features, range from about R25m to R100m,” he says.
This home was completely remodelled about two years ago, a process that took about 12 months to complete.
The remodelling included adding unique exterior wooden finishes. The owners’ favourite features include the distinctive combination of indoor and outdoor living that flows naturally, and the rim-flow pool that blends into the horizon.
They describe their home as understated and extremely comfortable, with a unique serenity. Price: R25m Contact: Seeff Properties Lance Cohen 082 416 6103 Office: 021 434 9175