{"id":791849,"date":"2024-09-20T16:00:00","date_gmt":"2024-09-20T14:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=791849"},"modified":"2024-09-21T11:06:11","modified_gmt":"2024-09-21T09:06:11","slug":"a-look-at-the-r160-million-house-on-south-africas-most-expensive-road","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/791849\/a-look-at-the-r160-million-house-on-south-africas-most-expensive-road\/","title":{"rendered":"A look at the R160 million house on South Africa&#8217;s most expensive road"},"content":{"rendered":"\n<p>A house on South Africa&#8217;s most expensive street, Nettleton Road in Cape Town, is on the market for R160 million.<\/p>\n\n\n\n<p>According to Lance Real Estate, <a href=\"https:\/\/www.lancerealestate.co\/property\/5-nettleton-road-clifton\/\">5 Nettleton Road in Clifton<\/a> is one of the country&#8217;s most exclusive addresses.<\/p>\n\n\n\n<p>&#8220;This architectural marvel was designed by world-renowned Stefan Antoni, best known for his striking contemporary features,&#8221; said Lance Real Estate. <\/p>\n\n\n\n<p>&#8220;Boasting lavish interiors throughout the home along with a double volume entertainment area that merges effortlessly with the mountain \u2013 garden, which leads onto a large terrace with a rim flow pool overlooking Clifton.&#8221; <\/p>\n\n\n\n<p>&#8220;The home comprises five large bedrooms (all en-suite), along with two self-contained staff quarters, a cinema room, gym and elevator access to all floors.&#8221; <\/p>\n\n\n\n<p>Other notable features of the property include: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>4 Parking Bays<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Air Conditioning<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Central Cooling<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Laundry Room<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Swimming Pool<\/li>\n<\/ul>\n\n\n\n<p>Seeff previously said that Nettleton Road, perched up against Lion&#8217;s Head, is the most expensive street in South Africa. It offers privacy and unparalleled sea views, and houses have sold for over R100 million.<\/p>\n\n\n\n<p>Seeff added that the average selling price for a house in Clifton increased to R43.9 million &#8211; double the average for second-placed Camps Bay.<\/p>\n\n\n\n<p>Lance Cohen from Lance Real Estate told BusinessTech that the Cape Town property market is experiencing robust growth after trading flat for an extended period. <\/p>\n\n\n\n<p>Cohen said that rent prices in Cape Town have nearly doubled over the last two years.<\/p>\n\n\n\n<p>He said that the higher demand than supply has driven up prices substantially. <\/p>\n\n\n\n<p>Moreover, the stronger rand and no load shedding over the last six months have also increased confidence levels. <\/p>\n\n\n\n<p>Cohen also noted that Cape Town continues to get good press, and his own experience shows that many foreigners are interested in purchasing property in South Africa. <\/p>\n\n\n\n<p>However, it should be noted that the luxury end of the market does not necessarily function the same way as the normal market, with interest rate changes not hitting the luxury market. <\/p>\n\n\n\n<p>The decrease in interest rates following the South African Reserve Bank&#8217;s (SARB) 25 basis points yesterday, 19 September, is set to offer some relief to consumers. Further cuts are expected, bringing debt repayment prices down further.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-businesstech wp-block-embed-businesstech\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"P6klty53w9\"><a href=\"https:\/\/businesstech.co.za\/news\/property\/791611\/how-much-youll-save-on-your-bond-after-the-latest-interest-rate-cut-in-south-africa\/\">How much you&#8217;ll save on your bond after the latest interest rate cut in South Africa<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;How much you&#8217;ll save on your bond after the latest interest rate cut in South Africa&#8221; &#8212; BusinessTech\" src=\"https:\/\/businesstech.co.za\/news\/property\/791611\/how-much-youll-save-on-your-bond-after-the-latest-interest-rate-cut-in-south-africa\/embed\/#?secret=IB3btVf3IY#?secret=P6klty53w9\" data-secret=\"P6klty53w9\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>However, Cohen noted that most of the sales at the high end of the market are made in cash, meaning that lower interest rates, while good for the overall market, don&#8217;t seriously impact luxury sales.<\/p>\n\n\n\n<p>Images of 5 Nettleton Road can be found below:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-2.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"964\" height=\"639\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-2.jpg\" alt=\"\" class=\"wp-image-791851\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-2.jpg 964w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-2-300x199.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-2-768x509.jpg 768w\" sizes=\"auto, (max-width: 964px) 100vw, 964px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: Lance Real Estate<\/figcaption><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-3.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"966\" height=\"640\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-3.jpg\" alt=\"\" class=\"wp-image-791852\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-3.jpg 966w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-3-300x199.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-3-768x509.jpg 768w\" sizes=\"auto, (max-width: 966px) 100vw, 966px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: Lance Real Estate<\/figcaption><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-4.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"956\" height=\"602\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-4.jpg\" alt=\"\" class=\"wp-image-791853\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-4.jpg 956w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-4-300x189.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-4-768x484.jpg 768w\" sizes=\"auto, (max-width: 956px) 100vw, 956px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: Lance Real Estate<\/figcaption><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-6.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"964\" height=\"638\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-6.jpg\" alt=\"\" class=\"wp-image-791855\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-6.jpg 964w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-6-300x199.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-6-768x508.jpg 768w\" sizes=\"auto, (max-width: 964px) 100vw, 964px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: Lance Real Estate<\/figcaption><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-7.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"958\" height=\"641\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-7.jpg\" alt=\"\" class=\"wp-image-791856\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-7.jpg 958w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-7-300x201.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-7-768x514.jpg 768w\" sizes=\"auto, (max-width: 958px) 100vw, 958px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: Lance Real Estate<\/figcaption><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-8.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"965\" height=\"637\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-8.jpg\" alt=\"\" class=\"wp-image-791857\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-8.jpg 965w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-8-300x198.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-8-768x507.jpg 768w\" sizes=\"auto, (max-width: 965px) 100vw, 965px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: Lance Real Estate<\/figcaption><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-10.jpg\"><img decoding=\"async\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/5-nettleton-10.jpg\" alt=\"\" class=\"wp-image-791859\"\/><\/a><figcaption class=\"wp-element-caption\">Source: Lance Real Estate<\/figcaption><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/businesstech.co.za\/news\/business-opinion\/791829\/new-currency-for-south-africa-china-and-india-makes-no-sense\/\">New currency for South Africa, China, and India makes no sense<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lance Real Estate is selling a property on Nettleton Road in Clifton &#8211; the most expensive street in the country. <\/p>\n","protected":false},"author":95,"featured_media":791850,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[26,19742],"class_list":["post-791849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-headline","tag-lance-real-estate"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/791849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=791849"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/791849\/revisions"}],"predecessor-version":[{"id":791972,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/791849\/revisions\/791972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/791850"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=791849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=791849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=791849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}