October 16, 2021

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

A luxurious house in the Fresnaye suburb of Cape Town has come onto the market, with a price ticket of R150 million.

Positioned in a quiet cul-de-sac, the property options 5 bedrooms, 5 loos, a chef-worthy kitchen that’s fitted with top-of-the-line home equipment, a number of open-plan residing and eating areas that circulate out onto an expansive stage backyard with views of the Atlantic Seaboard.

The property contains a fitness center, wine cellar, separate flatlet, backup generator and parking for eight automobiles.

It comes with a monthly bond compensation 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 unique residential suburb set excessive on the slopes of Lions Head above Sea Level and adjoining to Bantry Bay.

In line with property group Seeff, the luxurious finish of the market is seeing an uptick in exercise, with overseas traders searching for funding alternatives and vacation houses.

Seeff famous that gross sales are going down to a broad spectrum of consumers, not simply overseas consumers, however locals in addition to consumers from upcountry areas comparable to Gauteng.


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