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Steenberg doubles in value

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The Nieuwe Steenberg townhouse development has been a great success, says Elle Hooper of Cape Waterfront Estates.

The Nieuwe Steenberg townhouse development has been a great success, says Elle Hooper of Cape Waterfront Estates.

Next to Steenberg Golf Estate on the slopes of the Constantiaberg, the 32-unit development has seen values double since the first homes were sold a few years ago, she says. 

Now, homes at Nieuwe Steenberg do not sell for less than R8 million.

Five homes still need to be built and three new ones are on the market, priced from R8.3m (plus VAT) to R10.3m.  

Most of the properties have wide views of the Constantiaberg, and some overlook the magnificent lakes and wetlands being shaped in the area.

Nieuwe Steenberg has state-of-the-art security, 24-hour access control and fibre-optic connectivity. The three-tier homes range from 320m² to 360m² and each has three en suite bedrooms, open-plan living areas and double garages.  

Homes at Nieuwe Steenberg attract rentals of R50 000 to R55 000 a month.

Weekend Argus Property

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