South Africa’s most expensive addresses
New data has revealed which streets in South Africa are the most valuable in each province based on historic and comparative data.
Data provided by Lightstone Property shows that while Clifton Road in Cape Town has had the highest-value sale in the country since 2014 – historical data reveals a more comprehensive story.
Read: The most expensive streets in South Africa
Using a valuation model based on repeat sales and comparable sales, Lightstone has determined that Nettleton Road in Clifton is the country’s most historically valuable street, with an average homes sale value of R27.1 million.
The Repeat Sales model takes inflation indices and applies them to a property’s previous sale price to bring the historic purchase price to current value.
The Comparable Sales model attempts to explain a property’s current value by using the recent sale prices of ‘comparable’ properties surrounding the property in question.
Additionally, Lightstone said it makes use of third party physical valuation data where reliable and applies an index on the physical valuation to get it to current value.
All valuations are scored and combined to produce the best estimate of the property’s current value.
Using this model, Lighstone’s data showed that the most valuable addresses are found in the Western Cape, with Joburg’s top streets also making a fairly strong showing.
Nettleton road
Top 5 most expensive streets in South Africa
| # | Street | Suburb | Average Value |
|---|---|---|---|
| 1 | Nettleton Road | Clifton | 27 100 000 |
| 2 | Glen Beach Road | Camps Bay | 23 923 333 |
| 3 | Coronation Road | Sandhurst | 22 470 833 |
| 4 | Head Road | Fresnaye | 21 441 666 |
| 5 | Rivonia Road | Sandhurst | 20 758 333 |
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 valuable areas.
While the most valuable roads are fairly spread out in Cape Town, in Joburg the top roads are all found in Sandhurst.
Western Cape
| # | Street | Suburb | Average Value |
|---|---|---|---|
| 1 | Nettleton Road | Clifton | 27 100 000 |
| 2 | Glen Beach Road | Camps Bay | 23 923 333 |
| 3 | Head Road | Fresnaye | 21 441 666 |
| 4 | Protea Road | Eastcliff | 20 675 000 |
| 5 | St Leon Avenue | Bantry Bay | 20 150 000 |
Gauteng
| # | Street | Suburb | Average Value |
|---|---|---|---|
| 1 | Coronation Road | Sandhurst | 22 470 833 |
| 2 | Rivonia Road | Sandhurst | 20 758 333 |
| 3 | Harrow Road | Sandhurst | 20 412 500 |
| 4 | Jutland Place | Sandhurst | 19 957 142 |
| 5 | Oxford Avenue | Sandhurst | 19 928 571 |
Coronation road
KwaZulu Natal
| # | Street | Suburb | Average Value |
|---|---|---|---|
| 1 | Hunningdon Wood Null | Mount Edgecombe | 13 507 142 |
| 2 | Langton Close | Mount Edgecombe | 10 700 000 |
| 3 | Eastbourne Road | Morningside | 10 385 000 |
| 4 | Palmetto Place | Mount Edgecombe | 9 640 000 |
| 5 | The Fairwoods Road | Mount Edgecombe | 8 276 666 |
Eastern Cape
| # | Street | Suburb | Average Value |
|---|---|---|---|
| 1 | The Island | Sea Vista | 4 725 000 |
| 2 | 9th Avenue | Summerstrand | 4 716 666 |
| 3 | Sunset Drive | Sea Vista | 4 638 888 |
| 4 | Sea Lords Way | Port Alfred | 4 613 636 |
| 5 | McLean road | Mill park | 4 550 000 |
Stewart Crescent
Free State
| # | Street | Suburb | Average Value |
|---|---|---|---|
| 1 | Stewart Crescent | Waverly | 3 333 571 |
| 2 | Laksman Avenue | Woodlands Golf and Country Estate | 3 300 000 |
| 3 | Kopreend Kloof Street | Woodlands Golf and Country Estate | 3 266 666 |
| 4 | Zebra Gang Street | Woodlands Golf and Country Estate | 3 266 666 |
| 5 | Tinktinkie Twist Street | Woodlands Golf and Country Estate | 3 241 176 |
Data was not provided for Mpumalanga, Limpopo, North West Province or the Nothern Cape, which carry averages far lower than the top provinces.
More on wealth
20 of the most expensive SA domain names ever sold
The most expensive bank in South Africa
Loading ...
