Any suburb in Cape Town that serves some epic views of the Atlantic Ocean and has the Twelve Apostles as its backdrop is bound to burn a hole in your pocket. The affluent suburb of Fresnaye, situated along the famed and pricey Atlantic Seaboard, is no exception.
While the suburb has always sent Capetonians into a Instagram snapping frenzy, it’s a property that’s recently come onto the market that really has the tongues of property admirers wagging.
While the five-bedroom home is a sight to behold, offering the standard gorgeous views and marble features, it’s the price tag that really has everyone screaming in disbelief.
The luxurious home is currently on the market for a whopping R150 million!
So, just what can you expect from a home that would likely put several students through university? The property is situated on a quiet cul-de-sac, and features five-bedrooms and five-bathrooms, a state-of the-art kitchen, numerous open-plan living areas, a sprawling garden and swimming pool for those scorching Cape Town summers.
You won’t ever have to pay for a gym membership, as the property boasts its own private gym. Love wine? Why not host your own wine tasting in your private and luxurious wine cellar.
Let’s assume you haven’t won the lottery and you don’t have R150 million to flaunt at the realtor, Business Tech estimates that your monthly bond repayment will likely come to R1 162 948.40 a month, which is calculated over 20 years at 7% with no deposit.
While your initial thought may be: “only foreign buyers can afford to fork out R 1 million a month,” Seeff states that foreign investors are not the only ones snapping up homes, but buyers from areas such as Gauteng are looking to make big purchases in the Cape. And boy, is this a big purchase.
While spending R1 million on a monthly bond repayment might sound a tad insane, the Cape {town} Etc team decided to indulge ourselves and dream big. So, just what would the team purchase if they could spend R1 million a month?
- A month-long trip to Mauritius with all the trimmings. Fresh coconuts in the morning, the best resort on the island and the yummiest foods!
- Invest the big bucks and eventually start my own animal shelter.
- I would donate to as many shelters as I possibly could so that every unfortunate person can have a warm hearty meal in their belly.
- I would open a soccer academy for kids from the Western Cape and also tour through Germany to experience the Bavarian culture.
- I would invest in property across the Cape, ensure education for those who are underprivileged and use the change to go on a shopping spree!
- Buy an alpaca
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Pictures: Property 24