The most expensive streets in South Africa

New data has revealed which street in South Africa commands, on average, the highest prices for homes.

The data, provided by Lightstone Property, looks at the average sales transfer prices, calculated per street across South Africa’s major provinces over the past year.

The affluent suburbs of Cape Town dominate the list, with four of the five richest streets found in areas such as Clifton, Fresnaye, Llandudno and Bishopscourt.

Gauteng, too, accounts for many of the top addresses, with streets in Hyde Park, Bryanston and Sandhurst valued in the tens of millions.

The country’s most expensive street is Clifton Road, where the average value of deed transactions for houses on the street sits at around R49 million.

According to the South African Registrar of Deeds, there was only one house sale (number 19 Clifton Road) valued at R49 million on the street in 2014.

This is followed by De Wet Road in Fresnaye at R43 million, and Steenways Road in Llandudno at R40 million. The only non-Cape Town street in the top 5 is 4th Road in Hyde Park, which has an average value of R34 million.

Clifton Road
A house on Clifton Road

Top 5 most expensive streets in South Africa

# Street Suburb Average Value
1 Clifton Road Clifton 49 000 000
2 De Wet Road Fresnaye 43 000 000
3 Steenways Road Llandudno 40 000 000
4 4th Road Hyde park 34 000 000
5 Upper Sidmouth Avenue Gardens 29 200 000

Provincially, street averages drop significantly moving out of the country’s biggest city hubs in Joburg, Cape Town and Durban, though still reach the multiple millions in the most expensive areas.

Clifton Road
Clifton Road

Western Cape

# Street Suburb Average Value
1 Clifton Road Clifton 49 000 000
2 De Wet Road Fresnaye 43 000 000
3 Steenways Road Llandudno 40 000 000
4 Upper Sidmouth Avenue Bishopscourt 29 200 000
5 Glen Avenue Gardens 26 600 000

Gauteng

4th road
A house on 4th Road in Hyde Park
# Street Suburb Average Value
1 4th Road Hyde park 34 000 000
2 Lowndes Road Bryanston 27 000 000
3 Empire Place Sandhurst 26 475 000
4 Christopherson Road Hyde Park 24 000 000
5 Pretoria Avenue Wierda Valley 21 500 000

KwaZulu Natal

Mt Edgecombe Country Estate
Mt Edgecombe Country Estate
# Street Suburb Average Value
1 Hunningdon Wood Null Mount Edgecombe 18 000 000
2 Eastborne Road Morningside 15 525 000
3 The Lakes Road Mount Edgecombe 13 600 000
4 Overdale Road Essenwood 12 000 000
5 The Fairwoods Road Mount Edgecombe 8 475 750

Eastern Cape

Rosyth road
Rosyth Road
# Street Suburb Average Value
1 Rosyth Road Nahoon Beach 6 700 000
2 Providence Place Sea Vista 6 400 000
3 Long Island Close Sea Vista 5 700 000
4 Poivre Crescent Sea Vista 5 583 333
5 Toriquay Street Summerstrand 5 500 000

Free State

Goedhardt Crescent
Goedhardt Crescent
# Street Suburb Average Value
1 Goedhardt Crescent Waverly 5 000 000
2 Kiewietskroon Avenue Woodlands Golf and Country Estate 4 500 000
3 Tinktinkie Twist Street Woodlands Golf and Country Estate 4 400 000
4 Usher Street Hillsbro 4 400 000
5 Impala Avenue Woodlands Golf and Country Estate 4 000 000

Data was not provided for Mpumalanga, Limpopo, North West Province or the Nothern Cape, which carry averages far lower than the top provinces.

A recent listing by billionaire.com revealed that Peak Road, at The Peak in Hong Kong, is the most expensive street in the world with an average price of US$114,000 (R1.4 million) per square metre.

Upper Fifth Avenue, New York was ranked second with an average price of US$108,000 (R1.36 million) per square metre; and Knightsbridge, London is third with an average price of US$103,000(R1.3 million) per square metre.
In comparison, property in Clifton and Fresnaye go for around only R20,000 per square metre.

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