Cape Town homes listed by real estate company Thief are pretty expensive.
where is the house
The house is located in Clifton and recently entered the large R160 million market. Seef said his five-bedroom home sits on one of the most popular roads on the continent.
“Set on the continent’s most popular road, this Nettleton Road luxury home is sure to impress,” reads the listing.
The house has only 5 bedrooms, but they all have bathrooms. In addition to this, the home has a private outdoor garden, gym, cinema room, backup power supply, 4-car garage, and accommodations for 2 people.
Future homeowners could see monthly payments jump to R1.6m
Seeff’s monthly bond payment calculation for the house over 20 years at 9.75% without deposit is R1 517 626.
BusinessTech reports that economists expect another 50 to 75 basis points of rate hikes next month. Therefore, the future homeowner of this expensive luxury home could see the above payments jump between R1.57 million per month and he R1.6 million.
So the question remains. Would you pay this much for a house?
Luxury Living: SA’s 10 Most Expensive Suburbs and Streets
In other news, it was previously reported that data released by the New World Wealth survey listed 10 of the country’s most expensive suburbs and streets, including five exclusive neighborhoods in Cape Town alone. .
Mother City’s seaside properties remain the holy grail of South African real estate. With properties around R80 000 per square meter in some areas of Cape Town, this market is only available to the wealthiest.
However, other parts of the country are also emerging as attractive travel destinations. Durban’s Umhlanga is his two separate entries on the list, but his two remote towns in the Western Cape are also named in this celebration of luxury. Read the full text here.