Here are the 22 most exclusive streets for South Africa’s ultra-rich

 ·6 Apr 2016

New data shows which streets in South Africa command the highest prices when it comes to property value.

Data compiled by Propstats & Lightstone, and prepared by Seeff, showed that where only a handful of sales topped the R20 million price mark five years ago, as many as 22 of the country’s residential streets claim that figure as an average sales price.

The data shows that the Cape property market is literally streets ahead of the rest of the country claiming 15 of the top 22 streets – nine on the Atlantic Seaboard (Clifton, Fresnaye and Bantry Bay) and six in the Southern Suburbs (Bishopscourt and Constantia).

The remaining seven streets are in the Johannesburg and Sandton suburbs of Sandhurst, Hyde Park and Bryanston.

In determining the most sought-after and valuable streets in the country, the data assessed sales over a period of time rather than just recent one-off sales.

Nettleton Road retains its position as the most expensive street in the country, located high up against the slopes of Lion’s Head, offering a combination of privacy and panoramic sea views.

It now boasts an average sales price of R45 million (about R100,000/sqm plus) and a highest sales price of R111 million, sold by Lance Cohen in 2015. Properties in the street though range to as much as R150 million-R200 million at the top end.

Clifton Road

Clifton Road

In the Johannesburg and Sandton areas, seven streets contain multiple properties that have sold for upwards of R20 million. Most of these streets however, still boast property prices ranging from around the R5 million price band to well over R40 million.

The most expensive street in Johannesburg is widely regarded as Coronation Road in the swanky suburb of Sandhurst that lies adjacent to the Sandton CBD. It boasts an average price of about R30 million for top end property and a top price of about R100 million.

Top 20 richest streets in South Africa

Suburb Street AVG Price Highest Price
Clifton Nettleton Road R45m R200m
Clifton Clifton Road R34m R85m
Bantry Bay De Wet Road R34m R65m
Fresnaye Ave Alexandra R33m R145m
Clifton Kloof Road R31m R70m
Bantry Bay Ocean View Drive R31m R350m
Sandhurst Coronation Road R30m R100m
Fresnaye Ave Fresnaye R28m R65m
Bryanston Lowndes Road R27m R27m
Fresnaye Head Road R26m R77m
Sandhurst Empire Place R26m R39m
Hyde Park 4th Road R26m R40m
Bantry Bay Kloof Road R24m R34m
Bishopscourt Upper Hillwood Avenue R21m R37m
Bishopscourt Klaassens Road R20m R40m
Hyde Park Christopherson Road R20m R24m
Bishopscourt Bishopscourt Drive R20m R32m
Constantia Monterey Drive R20m R35m
Bryanston Bryanston Drive R20m R25m
Constantia Dawn Avenue R20m R35m
Constantia Klein Constantia Road R20m R33m
Bryanston Eccleston Crescent R20m R30m

More on wealth in SA

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South Africa’s top 10 richest suburbs

South Africa’s top 10 richest suburbs

South Africa’s most expensive addresses

Where to find the most expensive homes in South Africa


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