The best buy in the area

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CON­SID­ERED as home to a range of lead­ers and cap­tains of in­dus­try, the Cape Town sub­urb of Bish­op­scourt is un­doubt­edly one of the most ex­clu­sive sub­urbs in the coun­try. Sit­u­ated on the back slopes of Ta­ble Moun­tain, the sub­urb is also home to the worl­drenowned Kirsten­bosch Botan­i­cal Gar­dens.

As a prime res­i­den­tial area, Bish­op­scourt has green belts, tree­lined streets and the ben­e­fit of prox­im­ity to an ar­ray of ameni­ties from schools and the Univer­sity of Cape Town to shop­ping cen­tres, med­i­cal fa­cil­i­ties and more.

As one of Cape Town’s old­est sub­urbs, Bish­op­scourt boasts some of the most valu­able real es­tate in the coun­try. The sub­urb was orig­i­nally the site of Jan van Riebeeck’s farm, Boscheuwel, and the hedge he planted in 1660 to pro­tect the cat­tle of the Cape colonists still stands in Kirsten­bosch to­day.

At present, Bish­op­scourt has ap­prox­i­mately 350 prop­er­ties, mak­ing it the sub­urb with the largest er­ven in the south­ern sub­urbs. It’s home to large fam­ily res­i­dences, nu­mer­ous con­sulates and em­bassies, ex­clu­sive guest houses and a col­lec­tion of lo­cal and in­ter­na­tional celebri­ties — Arch­bishop Des­mond Tutu and his wife, Leah, still num­ber among the res­i­dents, and it was in their home that Nel­son Man­dela spent his first night of free­dom af­ter his re­lease in Fe­bru­ary 1990.

Bish­op­scourt has his­tor­i­cally al­ways re­tained its prop­erty val­ues since de­mand has al­ways been well in ex­cess of sup­ply. “Cur­rently, the most sought af­ter prop­er­ties are priced from the en­try level of R8m to R15m, and these are likely to in­clude a house you’ll want to knock down and re­build.

A plot alone, in a good po­si­tion, is more likely to come on the mar­ket at R12m,” says Mike Gre­eff, CEO of Gre­eff Prop­er­ties. Gre­eff agent for Bish­op­scourt, Deb­bie Woods, re­cently sold four 3 700m² plots for a to­tal of R54m. The sprawl­ing plots which in­vari­ably start at around 4 000m² are highly un­likely to be sub­di­vided, thanks to the laws set down by Bish­op­scourt’s strong and of­ten vo­cal res­i­dents’ as­so­ci­a­tion.

Data sourced from Light­stone, a prop­erty sta­tis­tics com­pany, in­di­cates that more than 47% of Bish­op­scourt prop­erty own­ers have lived in the area for 11 or more years. It also shows that 64% of re­cent buy­ers in the area have been aged be­tween 50 and 64. Its prop­erty trans­fer in­for­ma­tion shows that be­tween Novem­ber 2010 and Novem­ber last year, there were 11 sales in to­tal of which seven had an av­er­age sale price of over R8m.

This Bish­op­scourt home, which is on the mar­ket through Gre­eff Prop­er­ties, is set on 5 612m² and en­joys un­in­ter­rupted views of Ta­ble Moun­tain’s south east­ern slopes.

Ar­chi­tect Don Al­bert’s vi­sion for the unique com­po­si­tion is his an­swer to a brief which stip­u­lated that there were to be no straight lines. The re­sult is a fu­tur­is­tic mar­riage of tight, crisp and con­tem­po­rary el­e­ments and or­ganic un­du­lat­ing curves. Fea­tures in­clude two swim­ming pools, a Jacuzzi and a gym, an in­te­grated sound sys­tem through­out, so­lar pan­els and state-of-the-art se­cu­rity. The con­nois­seur’s kitchen boasts a glass pan­elled walk-in fridge and a dumb waiter lift from the kitchen to the main be­d­room.

From the pa­tio, which leads off the en­trance hall, there’s an al­most dizzy­ing sen­sa­tion of be­ing sus­pended among the tree tops with com­mand­ing, un­in­ter­rupted vis­tas of Ta­ble Moun­tain’s south east­ern slopes.

Ac­cord­ing to Gre­eff, the best buy in the area right now is a brand-new, un­fin­ished, six-be­d­room home on 4 000m², with wrap-around sea and moun­tain views that is priced at R7,95m. Other prop­er­ties in Bish­op­scourt, also avail­able through Gre­eff Prop­er­ties, in­clude a north-fac­ing 3 718m² plot priced at R15,75m, a gra­cious six-be­d­room Sir Her­bert Baker home on 4 907m², which is on the mar­ket for R17,9m and a lux­u­ri­ous five-be­d­room Georgian home for R22m.

Price:

R35m

Con­tact:

Gre­eff prop­er­ties 021 763 4120

ON THE MAR­KET: Left: This four-be­d­room Bish­op­scourt home, de­signed by ar­chi­tect Don Al­bert, is on the mar­ket for R35m. The dou­ble-vol­ume en­trance hall is de­fined by an el­e­gant sweep­ing stair­case and floor-to-roof glass pan­els which show­case the view.

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