How much it costs to live on the most expensive street in South Africa known as ‘Billionaire’s Row’
It will cost you over R1.85 million a month to live in Nettleton Road in Cape Town, which is widely considered the most expensive street in Africa and often called “Billionaire’s Row”.
Based on a 20-year home loan at the current prime lending rate of 10.5% with no deposit, the estimated monthly bond repayment is approximately R1.75 million.
When municipal costs, including property rates, electricity, water and other standard charges, are added, the total monthly cost of owning the property rises to roughly R1.85 million.
The home, situated on the exclusive Nettleton Road in Clifton, is being marketed by Pam Golding Properties.
The street has fewer than 30 properties and is known for attracting some of South Africa’s wealthiest residents due to its privacy, ocean views and limited supply of homes.
According to Pam Golding Properties CEO Dr Andrew Golding, Nettleton Road remains one of the country’s most sought-after residential addresses.
“An exclusive, sheltered enclave, Nettleton Road is widely acknowledged as one of South Africa’s most prestigious residential addresses.
“It is known for its small collection of exceptional, iconic homes that are perched high above Clifton, providing breathtaking views over the Atlantic Ocean,” he said.
Golding added that luxury homes on the street routinely command exceptionally high prices.
“Prices from R70 million and upwards of R100 million and R150 million are not uncommon, as the location offers the qualities most sought after by high-net-worth buyers—complete privacy, exclusivity, scarcity and an unrivalled lifestyle.”
He said the elevated position provides panoramic views across the Atlantic Ocean, the Twelve Apostles mountain range and all four Clifton beaches, making it one of the country’s premier luxury residential locations.
The R175 million home itself reflects the growing demand for ultra-luxury properties in Cape Town.
Built just over a decade ago, it sits on a 724-square-metre erf and features four bedrooms, four bathrooms and a contemporary glass façade designed to maximise uninterrupted ocean views.
How much it costs to own and what you get for it
The residence has been designed to operate entirely off the grid, with solar panels, backup batteries, a diesel generator and gas backup systems.
It also includes an advanced security system with remote monitoring, extensive camera coverage and integration with 24-hour security patrols.
Other features include floor-to-ceiling sliding glass doors, open-plan living areas, a 20-metre heated lap pool overlooking the ocean, a designer kitchen with a separate preparation kitchen, a media room, home office, staff accommodation and double garages.
Pam Golding Properties area specialist Annette Hepburn said demand for premium homes at the top end of the Cape Town market continues to outstrip supply.
“Pricing remains robust and continues to strengthen as demand consistently outpaces the limited supply of premium homes,” he said.
“Properties offering truly exceptional attributes—including uninterrupted sea views, absolute privacy and exclusivity—continue to achieve premium prices, with buyers showing no reluctance to pay for homes that combine a rare location with an unrivalled luxury lifestyle.”
Because the property’s value far exceeds the City of Cape Town’s R8 million primary residence rates relief threshold, property rates are charged on the full valuation.
Electricity is billed using an inclining block tariff, where the price per unit increases as consumption rises, while water charges also increase once households exceed certain usage thresholds.
Using estimated monthly consumption of 600 kWh of electricity and 15 kilolitres of water, together with property rates and other standard municipal charges, the monthly municipal bill comes to about R98,000.
However, it must be noted that municipal valuations of high-end homes are often 20% to 50% lower than the actual market value or recent sales prices, which could mean the property rates and taxes could be lower.
Combined with the estimated R1.75 million monthly bond repayment, the total cost of living in one of South Africa’s most exclusive streets amounts to approximately R1.85 million every month.
Although properties in this price bracket are typically bought outright or with substantial deposits by ultra-high-net-worth buyers rather than financed over two decades.
Estimated Monthly Municipal Bill for a R175 Million Property (Nettleton Road, Cape Town)
Based on the approved City of Cape Town municipal tariffs for the 2026/2027 financial year (effective 1 July 2026).
| Service Item | Tariff Basis & Calculation (2026/27) | Monthly Cost (R) |
| Home Loan | 20-year home loan at a prime interest rate of 10.5% with no deposit | R1,747,164.80 |
| Property Tax (Rates) | Residential Rate-in-the-Rand: 0.006428 (Calculated on the full valuation. Exceeds the R8m primary property reduction threshold) | R93,741.67 |
| Electricity | Home User Tariff (Properties >R1m) • Fixed Service Charge: R368.96 • Energy Charge: 600 kWh × ~R3.65/kWh (incl. VAT) | R2,558.96 |
| Water | Level Water Wise Tariffs + High-Value Property Basic Charge • Fixed Basic Charge (Valuation >R121m): R685.69 • Tiered step-up consumption (Steps 1 to 3) | R1,208.50 |
| Sanitation | Wastewater volume calculated at 70% of water usage (10.5 kl) • Charged under the standard stepped non-indigent sanitation block tariffs | R274.30 |
| Refuse Removal | Standard 240L Wheelie Bin formal container service (Includes basic property urban waste management fees) | R215.60 |
| Estimated Total | R1,845,164.83 |
House for sale in Nettleton Road, Clifton – R175 million
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