A moun­tain and sea haven

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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

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