New development, über-exclusive Nettleton Ridge, Clifton offers just four mega-million rand homes
Nettleton Ridge, a mega-million rand cul-de-sac development that is Clifton’s first gated estate is home to just four über-exclusive villas with only one still up for grabs. This is a one-of-a-kind development for Clifton and the country, says Lance Cohen, Seeff’s luxury market specialist. There is simply nothing that compares to the location, fabulous sea views and super luxurious design and finishes of the homes. Nettleton Ridge is located below Lion’s Head in the country’s top ranked street, Nettleton Road in the über-wealthy suburb of Clifton on Cape Town’s Atlantic Seaboard. The location, exclusivity and views are unsurpassed, says Cohen. The development offers seclusion and unprecedented vistas over the Atlantic Ocean, Camps Bay and the Twelve Apostles, all factors that contribute to the high value of property in the street and suburb. Cohen says that it is precisely the privacy, security and exclusivity that is so highly prized by the level of buyer who have paid as much as R111 million for a luxury villa sold by the agent last year. The four top class architectural villas are each free standing within the development that offers controlled access, a guardhouse and top class 24-hour security. Designed by Peerutin Architects, the villas are Bauhaus-influenced modern masterpieces that have contributed to elevating the status of this iconic suburb and street and the Atlantic Seaboard for that matter to now enjoy global stature, says Cohen. There is simply nothing to compare to these homes. While all four of the houses follow a broadly common theme and integration into the landscape, each is unique with custom-designed features and the very best in design, technology and finishes. The last home up for grabs offers over 1200sqm in floor space along with a 224sqm terrace and a 70sqm swimming pool. The plot size is above-average at 1,627sqm. The villas is set over four levels with an elevator that serves all levels. The primary accommodation is contained in the top two levels in an architecture of floating construction while the bottom two levels house the ancillary accommodation. There are four bedroom suites along with additional guest and staff accommodation. Extras include a wine cellar, media room, study and a playroom. There is also a gymnasium, Jacuzzi and sauna and luxurious swimming pool. Other features include heating and cooling throughout, a generator and a six-car garage. As with most of the homes in this exclusive suburb, it is designed for luxury living and entertainment with indoor and outdoor entertainment areas, all facing the ocean for magnificent views. There is just no doubt that the property is a superb investment according to Cohen who says that you cannot go wrong with Clifton and you most certainly cannot go wrong with Nettleton Road. It commands the highest prices in the country with values now about 50%-100% higher compared to five years ago. Clifton itself now boasts an average price of around R20 million and it in fact recently peaking at R23 million. This price is a phenomenal R5-R9 million higher than the average price of the next nearest most valuable suburb in the country, according to Cohen. While apartments now sell for anything upwards of R20 million, top end prices are easily reaching as much as R60 million. About two years ago, a large apartment sold for R190 million. Luxury villas though are reaching phenomenal price levels, says Cohen. Although there are still older houses for around the R20 million to R30 million price mark, those located in the top ranked streets such as Nettleton, Clifton and Kloof Roads now command average prices well above this. Nettleton Road alone boasts property ranging upwards of R39 million to as much as R150 million with the R200 million price mark now looking well within reach, says Cohen. Prices are rising rapidly as the desire for property here has increased exponentially. Buyers and investors realise that their investment here is surrounded by property worth millions and billions for this small suburb as a whole. If we just look at Nettleton Road. The highest price paid here just five years ago was R60 million. Today, it is almost double that at R111 million while land in the suburb has sold for R70 million, both sales concluded by Cohen. Aside from local buyers, Clifton tends to attract wealthy foreigners and especially buyers from Johannesburg. The highest price paid in Nettleton Road for example was by a wealthy Joburg buyer who spotted the enormous investment potential of the suburb. The limited land space, spectacular scenery and views all round is what makes Clifton so valuable, says Cohen. You have the mountains all around to the rear and, to the front just miles and miles of Azure-blue ocean interrupted only by the horizon. Below, you have four of the most exclusive beaches in the southern hemisphere. The Nettleton Ridge villa is expected to fetch a price of close to R150 million. Contact Seeff Atlantic Seaboard, Lance Cohen on 082 416 6103/021 434 9175 or visit www.seeff.com, web ref. 282397.
