The most expensive streets to buy a home in South Africa

New data shows which streets in South Africa are the most valuable in each major metro, based on historic and comparative data.

Data provided by Lightstone Property shows that Torquay Avenue in Bishopscourt, in Cape Town, is the most expensive street in South Africa, based on the valuation of properties found on the road.

In 2016, Lightstone’s data painted a different picture – Nettleton Road in Clifton was viewed to be the wealthiest street. However, this data was based on the overall average value of transactions on South African streets, which could be skewed by a single high or low sale.

Lightstone has used median values for its latest findings, which eliminates very high prices or very low prices and shows the actual middle range value of properties, providing a clearer overall picture of property value in the country.

The group used its Lightstone Residential Classifier to determine residential value of all properties, with an accuracy score above 40%.

The average Lightstone Prediction Value was used to rank the top properties in each province below. The group only explored streets having more than 5 properties, and where at least 50% of properties are residential.

These are the most expensive streets in the country:


Bishopscourt home

 

Cape Town

Street Suburb Street Valuation Minimum House Price Maximum House Price Median House Price
Torquay Avenue Bishopscourt R28 250 000 R10 450 000 R35 050 000 R14 850 00
Glen Beach Road Camps Bay R26 446 875 R16 500 000 R34 650 000 R17 625 000
Ocean View Drive Bantry Bay R25 608 928 R7 800 000 R37 250 000 R17 200 000
Dunkeld Avenue Bishopscourt R24 422 222 R16 100 000 R33 350 000 R16 950 000
Exeter Avenue Bishopscourt R23 210 000 R7 500 000 R43 050 000 R16 775 000

Sandhurst home

 

Joburg

Street Suburb Street Valuation Minimum House Price Maximum House Price Median House Price
Oxford Avenue Sandhurst R24 770 833 R860 000 R48 350 000 R17 625 000
Harrow Road Sandhurst R21 106 250 R7 300 000 R32 950 000 R18 075 000
4th Road Hyde Park R20 692 857 R7 650 000 R39 000 000 R12 850 000
Empire Place Sandhurst R20 479 310 R2 400 000 R45 500 000 R15 075 000
Tweeddale Road Hyde Park R20 470 000 R9 850 000 R39 150 000 R14 700 000

Blair Atholl home

 

Tshwane

Street Suburb Street Valuation Minimum House Price Maximum House Price Median House Price
Wisteria Crescent Blair Atholl R17 350 000 R11 600 000 R18 450 000 R17 350 000
Player Close Blair Atholl R14 916 666 R11 600 000 R18 250 000 R13 250 000
The Stables Close Blair Atholl R14 050 000 R11 600 000 R18 550 000 R14 200 000
Combretum Crescent Blair Atholl R13 100 000 R9 400 000 R13 850 000 R12 725 000
Willow Crescent Blair Atholl R13 100 000 R11 600 000 R16 100 000 R11 600 000

Mt Edgecombe Country Estate

 

Ethekwini

Street Suburb Street Valuation Minimum House Price Maximum House Price Median House Price
Hunningdon Wood Null Mount Edgecombe R17 750 000 R6 300 000 R23 700 000 R14 000 000
Eastbourne Road Morningside R13 622 727 R2 100 000 R20 700 000 R10 600 000
Michel Avenue Umhlanga Rocks R12 671 428 R7 300 000 R16 700 000 R12 000 000
Curtis Crescent Mount Edgecombe R11 914 285 R4 050 000 R14 600 000 R10 700 000
Palmetto Place Mount Edgecombe R11 770 000 R6 300 000 R17 800 000 R13 650 000

 


 

Read: What we can expect from the South African property market over the next two years

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