Clifton ‘glass house’ on the market for R195 million – PICTURES

A 5-bedroom house in Clifton in Cape Town is currently on the market at an asking price of R195 million ($10.6 million).

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According to estate agents Pam Golding, the Clifton property offers breathtaking views of the Twelve Apostles and Atlantic Ocean within an unrivalled sense of luxury.

“In a prime location bordered by Kloof Road and Nettleton Road, the striking glass facade enhances the panoramic views and creates a seamless connection between the interior and the picturesque surroundings,” the Pam Golding website states.

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Picture from Pam Golding website

The property, which has an Erf size of 724 m², also features a sun-filled terrace with a 20-metre heated lap pool.

It also has a 1-bedroom, 1-bath staff accommodation.

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The home is completely off grid, supported by a newly-installed diesel generator and solar panels with backup batteries together with gas back up for additional heating.

A highly sophisticated remote-controlled alarm and extensive camera security system, with off-site camera surveillance interacting with 24/7 Security Patrols.

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So, the multi-million rand question is: How much will the house ACTUALLY cost?

Assuming your full asking price of R195 million was accepted and you didn’t put down a deposit and your repayments were at the current ‘prime’ rate of 11.75%, your monthly bond repayments (for 20 years) would be R2 113 229.

That means a total repayment of R507 174 905.

The bond registration fees would be R742 026 and the transfer fees a cool R25 639 967.

Rates and taxes are a reported R34 441 per month.

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