Baronetcy Estate- The ideal development for the upper income executive.

irst home to be sold, in third and final phase, will indicate to what level prices are rising.

Baronetcy Estate, on the slopes of the Tygerberg, with 180 degree view that take in False Bay and the Southern suburbs, Cape Town, Table Mountain, Lion's Head, Table Bay and the start of the West Coast, is now recognized as potentially one of the most prestigious and expensive residential precincts in the entire Greater Cape Town area. Rowan Alexander, Director of the Northern Suburbs estateagency, Alexander Swart Property says as yet, no-one can really say what the value of the final phase (Phase III) homes, recently or now being built, will be-because so far only one has come up for resale. Phase III is the last section of Baronetcy to be developed. Plots there have been selling from R4,5 to R5million, and it is known that some buyers have had building bills in the region of R40 to R60 million. The sale of the first home in Phase III, could therefore be a useful value indicator.

Alexander Swart has been mandated to sell this home, on Cambridge Crescent, at a list price of R33million.

Designed by Eric Lategan, responsible for several top bracket Baronetcy homes, it has a staggering 1060m2 floor area on three levels, five bedrooms, all ensuite, four spacious dining\living areas, a state of the art kitchen, two offices, a cinema room, a wine cellar, full home automation, a central vacuum system, air conditioning, passenger and goods lifts-and a rim flow pool, on a terrace with superb views.

"If ever a home deserved to be described as ultra-luxurious, this is it," said Alexander. "What is more, the finishes and fittings fully complement the interior space lay-outs."

Taking into account the cost of the land and the construction, he added, there was obviously a temptation to price this home at a VERY high level. The client however settled on the "reasonable" price of R33million, knowing full well, that future prices at Baronetcy, including that of this home, could easily be a great deal higher.

"Baronetcy Estate," said Alexander "is in every respect the ideal base for the upper income executive and his family. It has some of the best security of any estate at the Cape. No one is allowed in unless they have been invited by a resident and the perimeter is protected by electrified fencing and CCTV. Furthermore, the estate is very conveniently sited: only 15 minutes' drive from the Cape Town CBD (in off peak traffic) and even closer to Bellville. It is also very near to good schools - both primary and secondary, hospitals, and modern retail centres. On the upper slopes it is bounded by the 900 ha Tygerberg Nature Reserve, to which it has its own pedestrian gate. To the south is the De Grendel wine estate and restaurant, which in the relatively few years since they were established have acquired a reputation for excellence.

"The sale of this home will establish an initial benchmark for the final and most affluent phase of Baronetcy. Anyone who buys now will, I am convinced, discover that they caught the wave before it became a great deal bigger and more expensive. The magnificent home that we are marketing here, is likely to be one of the best ever investments on the Cape property market."

For further information, contact Rowan Alexander on 082 581 3116 or by email: rowan@aspropery.co.za.