Inside 5 luxury homes that cost R120,000 per month to rent

 ·3 Dec 2015

With the rising costs of owning a home in South Africa, renting one is a more affordable option for many residents, unless it has seven bedrooms, and an indoor swimming pool.

Forking out over R100,000 a month to rent a property is arguably nonsensical when one considers that that such an amount could cover the bond of a R10 million mansion.

Property professional Wayne Albutt has pointed to a number of different reasons why people would want to rent instead of buy.

People who move frequently for work purposes, or people who like to travel a lot, are better off renting.

“Buying a home involves many expenses other than the purchase price and if you have to resell too soon, the value of the property may not have the time to grow sufficiently for you to recoup these expenses,” he said.

Luxury homes available for rent may also be primed for wealthy foreign business people who do not have long-term plans to stay in the country, but have certain lifestyle expectations.

Such properties are even available to rent on a per day basis.

Here are five luxury properties from property group Pam Golding which are for rent in South Africa, where the per month cost exceeds R100,000.

  • 7 Bedroom house in Constantia, Western Cape
  • R130,000 per month

Constantia 7 01

The most expensive rental in the country is this seven bedroom Cape Dutch home in Constantia. It offers seven individual units each with a bedroom and bathroom, and is an ideal home for “an extended family, embassy living or a boutique guest house opportunity”, the realters said. It’s unfurnished.

  • 5 Bedroom house in Dainfern Valley, Gauteng
  • R120,000 per month

Dainfern 01

This 1,155 square meter home offers 5 bedrooms (en suit), fully furnished, for R120,000 a month, excluding the R2,595 in levies.
It has its own indoor/outdoor heated pool, a home theatre and its own billiard room.

  • 4 Bedroom house in Steyn City, Gauteng
  • R120,000 per month

Steyn City 01

This 693 square meter home in the newly developed Steyn City in Joburg was touched by the hand of interior designer, Stephen Falke.

The home has four en suite bedrooms, four garages, three reception rooms and much more – yours to rent for R120,000 a month. Full furnished – appliances included.

  • 5 Bedroom house in Bishopscourt, Western Cape
  • R120,000 per month or R20,000 per day

Bishopscourt 01

This five bedroom home in Bishopscourt is also available to rent for R20,000 a day – or R120,000 a month. The biggest draw to this property is the mountain view, though its luxury amenities don’t hurt either.

  • 5 Bedroom house in Constantia, Western Cape
  • R120,000 per month or R15,000 per day

Constantia 5 01

Another luxury home to rent in Constantia, this five bedroom house is also available to rent on a per day basis for R15,000 – the most afforadable on the list here. The house has all the ameneities you’d imagine from a high-price home, including a sauna.

More on property

Buying vs renting property in SA

Inside a R200 million home in South Africa

Inside the Clifton home that just sold for R111 million

Show comments
Subscribe to our daily newsletter