A look at the house in Cape Town with a R1 million monthly bond repayment, and R62,000 rates

 ·14 Oct 2021

A luxury home in the Fresnaye suburb of Cape Town has come onto the market, with a price tag of R150 million.

Located in a quiet cul-de-sac, the property features five bedrooms, five bathrooms, a chef-worthy kitchen that is fitted with top-of-the-line appliances, multiple open-plan living and dining areas that flow out onto an expansive level garden with views of the Atlantic Seaboard.

The property includes a gym, wine cellar, separate flatlet, backup generator and parking for eight cars.

It comes with a monthly bond repayment of R1,162,948.40 – calculated over 20 years at 7% with no deposit.

Monthly rates of R62,661 buys 1,479m² of prime land in an exclusive residential suburb set high on the slopes of Lions Head above Sea Point and adjacent to Bantry Bay.

According to property group Seeff, the luxury end of the market is seeing an uptick in activity, with foreign investors seeking investment opportunities and holiday homes.

Seeff noted that sales are taking place to a broad spectrum of buyers, not just foreign buyers, but locals as well as buyers from upcountry areas such as Gauteng.

Read: Here’s a look at the property market in Cape Town, on the other side of the mountain

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