10 most expensive suburbs in the country by average selling price
A recent study by property group Seeff, based on data from Lightstone and Propstats for the period 2011/2 to 2016/7 revealed that Cape Town is home to nine of the ten richest suburbs in South Africa. Only one suburb in Gauteng, Sandhurst, cracked the top 10 on the list.
The top 10 most expensive suburbs in the country by average selling price:
- Clifton – R23 million
- Llandudno – R17 million
- Bantry Bay – R16.9 million
- Sandhurst – R16.5 million
- Camps Bay – R16.2 million
- Fresnaye – R16 million
- Waterfront – R16 million
- Higgovale – R16 million
- Bishopscourt – R15.1 million
- Constantia Upper – R11.6 million
Long popular with wealthy locals, semigrants from other provinces and forex laden foreigners, Cape Town has been a rare success story in an ailing property market.
7-bedroom house in Fresnaye
185 Million Rand !
The most expensive property currently listed on Private Property is this opulent villa built on the slopes of Lions Head. Set on a large plot, this immaculate manor home enjoys epic views of the sparkling Atlantic Ocean. With 2 swimming pools, a luxurious formal lounge with a fireplace, and seven regal bedrooms – all with en-suites, this home will satisfy even the most discerning investor. The property also has a gym, domestic quarters, as well as security guard office, 3 garages and additional parking for 7 cars.
Assuming you had a 10% deposit to put down on this house, the monthly bond repayments would be a staggering R1 634 436!
Here is a picture of this property below