Atlantic Seaboard welcomes Jo Lombard as the new luxury area specialist

Seeff Atlantic Seaboard is delighted to welcome Jo Lombard as the new luxury market specialist. Jo is a seasoned agent with an impressive track record built and nurtured by his love for real estate which is reflected in his achievements.

In a tough market, Jo managed to achieve the successful sale of a prime positioned property in Clifton for R50 million, says MD, Ross Levin.

A resident of Fresnaye, Jo operates in the prime suburbs of the Atlantic Seaboard where there is currently an excellent choice of listings on the market. He says further that there’s simply no place on earth that can compare with the beauty and general ease of living in the city. The beaches, outdoor lifestyle, Mountain and wines are just some of what he treasures.

Mr Levin says that the investment value of the top end suburbs of the Atlantic Seaboard, being Clifton, Bantry Bay and Fresnaye along with Camps Bay and the Waterfront are unparalleled. Home to some of the best views on the continent and a choice of architectural villas and apartments that offer five-star luxury, it is no surprise that these locations come with the best average capital appreciation, generally well above market averages.

The growth in the median prices of these suburbs over the last ten years has been phenomenal, doubling and tripling in some areas, says Levin.

Clifton for example now commands a median freehold price of R36 million (end 2019), some 144% higher than the R14.75 million of ten years ago, achieving up to R120m for a house and R80m for an apartment. Nettleton, Clifton and Kloof Roads continue to attract the highest prices for houses and the complexes on seaside of Victoria Road for apartments.

The Bantry Bay house price stands at R27 million (end 2019), 218% more than the R8.5m of 2010 and has achieved up to R290m for a house and R80m for an apartment. Ocean View Drive along with De Wet and Kloof Roads remain the most expensive along with the apartments on Victoria Road.

Camps Bay now commands a median price of R16.2m (early 2020), 149% higher than the R6.5m average of 2010 and over the last few years there has been a notably increase in R20m-plus sales ranging to R47m in Fulham Road. Streets such as Medburn Road, Theresa and Hely Hutchinson Avenues and Glen Beach remain among the top choices for high-net-worth buyers.

Bakoven is another suburb which now trend at the top end of the market with a median price of R13.4m, up by 133% from R5.75m ten years ago. Renowned for its beach access and waterfront apartments, prices have reached as much as R28m for an apartment in Bali Cove.

Fresnaye now stands at a median price of R11.5m (early 2020), 100% up from R5.75m over the ten years with a highest price achieved of R75m. Ave Alexandra, Ave Fresnaye and Head Road make up the top roads for high end buyers in the suburb.

The Waterfront ended 2019 with a median price of R11.4m, 73% up from R6.6m ten years ago. Penthouses tend to fetch the highest prices of between R60m to over R110m.

Jo currently holds several high-end mandates with outstanding investment potential in Clifton, Bantry Bay and Fresnaye in the R50m to R70m price band. Contact him on 083 281 2732 or email jo.lombard@seeff.com.

Photograph/s enclosed:

Prop1 - Fresnaye, R69.95m – situated in sought-after Head Road, this home was crafted by renowned architects Darryl Croome and offers six bedrooms, double-volume living and dining areas, garaging for 6 cars, multiple outside entertainment areas that offer sensational views of the sea, city and mountain, a cinema, wine tasting room, winemaking facility and a vineyard. It is on two plots, totalling 1432sqm with its own unique vineyard
https://www.seeff.com/results/residential/for-sale/cape-town/fresnaye/house/8312/

Prop2 - Bantry Bay, R65m – a spectacular architectural home curated by the award-winning Van Der Merwe Miszewski Architects, offering an interplay of ocean and forest, 5 bedrooms, a studio and features such as a timber and steel walkway 8 metres above the ground for full exposure to the natural forest that borders the property.
https://www.seeff.com/results/residential/for-sale/cape-town/bantry-bay/house/49191/

Prop3 - Clifton, R59.5m – a luxury beach apartment in Cliffrock which has only six units. It offers direct beach access and spectacular views and comes with four bedrooms suites, a cinema, infinity pool, full automation and more
https://www.seeff.com/results/residential/for-sale/cape-town/clifton/flat/30276/

Prop4 - Bantry Bay, R59.95m – situated in sought-after Ocean View Drive, this Greg Wright architectural masterpiece offers 5 bedrooms suites, double-volume living and dining areas, a gym, cinema room, laundry, wine cellar, infinity pool and sensational 180 degree views of the bay below.
https://www.seeff.com/results/residential/for-sale/cape-town/bantry-bay/house/47781/

Prop5 - Fresnaye, R59m – situated in sought-after Ocean View Drive, this home is newly renovated to the highest standards and craftsmanship and offers luxury living with spectacular views, multiple living areas, 5 bedroom suites, a lift for easy access to the different levels, temperature-controlled wine cellar, Japanese themed massage room and an infinity pool
https://www.seeff.com/results/residential/for-sale/cape-town/fresnaye/house/60424/