One of Constantia's best mountainside properties comes up for sale

One of Constantia's best mountainside properties comes up for sale - and is likely to benefit from the slowly reviving market, says agent.

Living up to a prediction that Rowan Alexander, Director of Alexander Swart Property, made two years ago (when the company went independent of its national franchisee) that the more adventurous Alexander Swart agents, now no longer confined to one territory, would begin to look further afield for sale mandates, Marié Grant of Alexander Swart's Durbanville office, has added a R12,5 million Constantia home to her portfolio.

The home, says Grant, is sited high up on Belair Drive and has views that take in the  Southern Suburbs and the Hottentots-Holland and Helderberg Mountains in the distance to the east while on its western slopes it has access to the Table Mountain National Park via the spine that leads to the summit of Constantiaberg in the south and Constantia Nek to the north.

"This is a nature lover's dream home," says Grant, "but it has the additional advantage of being in one of the Cape Peninsula's most prestigious areas and conveniently close to retail centres, wine estates, schools, and  many well-known restaurants and hospitality venues. In addition, it is only 15km from the cbd. and 10km from the university."

The home has four levels and no less than seven bedrooms and six bathrooms, private and family living and dining rooms (the latter capable of seating a dozen people), several balconies, a medium sized kitchen and a scullery with a dishwasher and two washing machines, a sun room and a pajama lounge, a gymnasium, a spare bedroom cum ironing room with its own bath and toilet, staff accommodation - and three garages. There are also a 25m lap pool, three koi ponds on the open air terraces, a borehole with a water purification system and a Brighthouse solar system.

The total floor space comes to well over 400m2 and the erf itself covers 4,201m2

Grant commented that in the last 18 to 24 months upmarket Constantia homes have lost 10 to 15% of their value, but most estate agents feel that this top bracket market is now on a recovery path, that prices are have bottomed out and that with values well down, this is a good time to buy. "This means", she said, "that in addition to the pleasure and kudos that the buyer will get from owning this "billionaire" home, he can also look forward to slow but consistent capital gains on his investment before the end of this year."

"Constantia's reputation is known worldwide and, as international buyers are once again beginning to look to Cape Town for second homes, the vineyard related precincts are set to attract overseas buyers in much the same way that they did before the global financial crisis ten years ago - and on the present exchange rates homes such as the one I am selling represent quite exceptional value," says Grant.

For further information , contact Marié Grant on 0767370292 or via email on marieg@asproperty.co.za.