Newlands - Cape Town.
Asking price : 7.95 million ZAR.
It was great to receive a search brief from an existing client living in Cape Town. Given that the children were accepted in one of the best schools in Cape Town, our client wanted Space to find a dream family home. The location was extremely small, covering just 20 roads, because the neighbourhood is a catchment area for three of the best schools in Cape Town, we knew that this was going to be a major challenge.
Newlands is one of the most desirable areas in the southern suburbs of Cape Town, property prices have risen by 15-20% a year over the past few years and the minute a well-priced family home comes onto the market, it is immediately under offer. We spent 4 months working on this search, seeing property after property, the majority were overpriced or simply not in the right location. Two offers were made on property and we lost both properties mainly due to the unrealistic, high expectation of owners.
We really had to leverage our network and we received a call one evening from an estate agent that we have worked with for another client, and she told us about a perfect five bedroom, family home that was just about to come onto the market. The property was move in condition and seemed very well priced, in fact, maybe a little undervalued.
Within 24 hours we viewed the house with our client and made an offer. Given that we were in a situation of competing with two other interested parties, our advice was to offer full asking price which our client agreed with, and we completed the deal within 48 hours. One very delighted client.
The reason this client has used Space Home Search three times in succession is that she doesn't have the time to look, she doesn't personally like dealing with real estate agents and more importantly, she knows that we can get access to property well before most buyers can. On top of this we can advise if property is overpriced or fairly priced as in this case.
The house comprises of 5 bedrooms, separate guest suite, separate staff accommodation, large garden which is rare in this area, beautiful views of the mountain, beautifully landscaped with a large pool. The house has recently been renovated and needs no work. Its within easy access to the best schools in Cape Town, Kirstenbosch gardens, Indian Ocean, Cavendish Square shops and less than 15 minutes into the city.