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'Restoration opportunity.' Says who? Burnt-out Cape Town home on market for R3.9m

File photo: Hands up who goes onto property websites and searches through listings like you just won the Lotto? Picture: Reuters

File photo: Hands up who goes onto property websites and searches through listings like you just won the Lotto? Picture: Reuters

Published Dec 8, 2021

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Hands up those of you who goes onto property websites and searches through listings, like you just won the Lotto?

My personal requirements are four bedrooms, a chef’s kitchen, underfloor heating, an entertainment area and a gigantic swimming pool – the list goes on and on.

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I normally set my budget between R3m and R5m just to see what my imaginary savings can get me.

Even fixer-uppers are fine, as long as you can put your mark on them. But a shell of a house that’s been practically gutted by a fire? That sounds more like a renovation nightmare.

How far would you go for the house of your dreams? If it ticks all the right boxes, like being in a sought-after area, the plot size is reasonable, and it has a first-class view of Table Mountain, the only problem is that it needs a whole lot of work.

Actually, that’s an understatement – you’re just basically buying the land for R3.9m.

The house in question has been marketed on Property24 as a “Restoration opportunity in Upper Rondebosch.”

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Capetonians know the exorbitant costs of property, especially when close to the city centre. Sound like a steal, right?

“Steeped in history, this home was once part of the old Rustenburg farm, a portion of which was consolidated into Cecil John Rhodes’ Groote Schuur Estate,” reads the description for the 3-bedroom home.

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To sweeten the deal, the house has been marked down from R4.2m to R3.9m. But that doesn’t take away from the fact that most of the building has been burnt to a light crisp.

“A huge amount of work has been done on the floors, walls, structural bracing and roof.” Judging from the pictures, said roof and floors seem to be non-existent.

The bright side is that “all approvals and architects plans to be provided to the new fortunate owner of this very special site”.

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Any takers?

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