A luxury home in Cape Town’s Clifton district was recently put on the market for 160 million rand.

Real estate company Seeff says the house is located on Africa’s most desirable street – Nettleton Road.

“The hotel has 5 bedrooms (all with private bathrooms), a chef-worthy kitchen equipped with high-class appliances, multiple dining and living areas open to the entertainment area spacious outdoor with a large infinity pool and one of the best views Cape Town has to offer,” says Seeff

Seeff notes that the property has four garages, two bedrooms and a lake. swimming I myself lie on a land of 940 square meters.

“The property also has a private outdoor mountain garden, a gym, a movie room, emergency power installation, a garage for 4 cars and a double accommodation for staff, ‘ said Seeff.

“Significant luxury homes of this caliber are rarely found on Nettleton Road – this luxury home has it all.”

The property is the product of SAOTA, an award-winning international architecture firm based in Cape Town. Some of its other developments include housing for wealthy Americans in Los Angeles and mansions in Switzerland.

Seeff calculates a monthly deposit return for the property as R1,517,627, calculated over 20 years at 9.75% – no deposit required.

With economists expecting another rate hike of 50 to 75 basis points in November, any potential owner of this home will see that payment rise from R1.57 to R1.6 million per month.

Meanwhile, for the South African middle class, who may have a more modest obligation of R1,000,000, the last rate hike in September saw monthly costs rise to 9,485 Rupees (over a 20-year period), at a rate of 50 percentage points. and increased by 75 basis points, bringing this return to 9,816 rand and 9,983 rand respectively.