The last few plots at the new Applegarth Estate in beautiful Hout Bay is now on offer, priced upwards of R1.695m and R4.995m for a plot-and-plan option and includes VAT (Value-Added Tax) with no transfer duty payable.
The estate will boast state-of-the-art security, a big draw-card for buyers, says Ashley Larter from Seeff Hout Bay who is the sole mandated agent for the estate.
The estate is located just two minutes from Constantia Nek. It offers just 30 contemporary homes arranged around a lush greenbelt and up onto the ridge where you can enjoy uninterrupted views across the valley. Plots vary in size between 650sqm-1047sqm. The civils has been completed, and the first house is under construction.
The architectural designs are modern, and each house design is tailored to the unique character of its position. The higher mountain-side homes offer uncompromised views. Depending on the site, you can choose from a single or double storey option with up to three or four bedrooms and the option of adding a swimming pool.
The estate's landscaping will aim to retain the natural surroundings, particularly incorporating the natural patterns of wetland and the existing tree lines, such that these were left relatively untouched in the overall design, says Mr Larter. The layout of plots was carefully considered to allow for the minimum disruption of the existing mature trees and to enjoy the maximum benefit of an internal green space. Natural mountain colours and textures will also be reflected in the stone cobbles and natural stone cladding used as feature elements.
You cannot go wrong by investing in Hout Bay property, says the agent. During the market upswing, properties enjoyed among the highest capital value growth in the country, and although it is now evident that price growth has slowed in line with the economic and market decline, the area continues to attract excellent demand and still achieves top prices. Applegarth Estate is ideal for a mix of buyers, from families to retirees as well as second home buyers.
Hout Bay enjoys an enviable location and climate and is a popular residential, holiday and tourist hot spot. It offers all the amenities that you could want including top schools, shopping, services, restaurants and other leisure and lifestyle facilities. There are several tourist attractions including the Harbour and World of Birds.
Hout Bay offers a quality lifestyle with easy access to the Southern Suburbs and Atlantic Seaboard and City Bowl. It is also home to Chapman's Peak Drive which, along with Victoria Drive offers among the most scenic cycle, running and drives in the world.