{"id":94131,"date":"2015-07-26T20:15:03","date_gmt":"2015-07-26T18:15:03","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=94131"},"modified":"2015-08-12T11:22:30","modified_gmt":"2015-08-12T09:22:30","slug":"the-most-expensive-streets-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/94131\/the-most-expensive-streets-in-south-africa\/","title":{"rendered":"The most expensive streets in South Africa"},"content":{"rendered":"

New data has revealed which street in South Africa commands, on average, the highest prices for homes.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Gauteng, too, accounts for many of the top addresses, with streets in Hyde Park, Bryanston and Sandhurst valued in the tens of millions.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

\"Clifton<\/a>

A house on Clifton Road<\/p><\/div>\n

Top 5 most expensive streets in South Africa<\/h3>\n
\n
\n\n\n\n\n\n\n\n
#<\/th>\nStreet<\/th>\nSuburb<\/th>\nAverage Value<\/th>\n<\/tr>\n
1<\/td>\nClifton Road<\/td>\nClifton<\/td>\n49 000 000<\/td>\n<\/tr>\n
2<\/td>\nDe Wet Road<\/td>\nFresnaye<\/td>\n43 000 000<\/td>\n<\/tr>\n
3<\/td>\nSteenways Road<\/td>\nLlandudno<\/td>\n40 000 000<\/td>\n<\/tr>\n
4<\/td>\n4th Road<\/td>\nHyde park<\/td>\n34 000 000<\/td>\n<\/tr>\n
5<\/td>\nUpper Sidmouth Avenue<\/td>\nGardens<\/td>\n29 200 000<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

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.<\/p>\n

\"Clifton<\/a>

Clifton Road<\/p><\/div>\n

Western Cape<\/h3>\n
\n
\n\n\n\n\n\n\n\n
#<\/th>\nStreet<\/th>\nSuburb<\/th>\nAverage Value<\/th>\n<\/tr>\n
1<\/td>\nClifton Road<\/td>\nClifton<\/td>\n49 000 000<\/td>\n<\/tr>\n
2<\/td>\nDe Wet Road<\/td>\nFresnaye<\/td>\n43 000 000<\/td>\n<\/tr>\n
3<\/td>\nSteenways Road<\/td>\nLlandudno<\/td>\n40 000 000<\/td>\n<\/tr>\n
4<\/td>\nUpper Sidmouth Avenue<\/td>\nBishopscourt<\/td>\n29 200 000<\/td>\n<\/tr>\n
5<\/td>\nGlen Avenue<\/td>\nGardens<\/td>\n26 600 000<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Gauteng<\/h3>\n
\"4th<\/a>

A house on 4th Road in Hyde Park<\/p><\/div>\n

\n
\n\n\n\n\n\n\n\n
#<\/th>\nStreet<\/th>\nSuburb<\/th>\nAverage Value<\/th>\n<\/tr>\n
1<\/td>\n4th Road<\/td>\nHyde park<\/td>\n34 000 000<\/td>\n<\/tr>\n
2<\/td>\nLowndes Road<\/td>\nBryanston<\/td>\n27 000 000<\/td>\n<\/tr>\n
3<\/td>\nEmpire Place<\/td>\nSandhurst<\/td>\n26 475 000<\/td>\n<\/tr>\n
4<\/td>\nChristopherson Road<\/td>\nHyde Park<\/td>\n24 000 000<\/td>\n<\/tr>\n
5<\/td>\nPretoria Avenue<\/td>\nWierda Valley<\/td>\n21 500 000<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

KwaZulu Natal<\/h3>\n
\"Mt<\/a>

Mt Edgecombe Country Estate<\/p><\/div>\n

\n
\n\n\n\n\n\n\n\n
#<\/th>\nStreet<\/th>\nSuburb<\/th>\nAverage Value<\/th>\n<\/tr>\n
1<\/td>\nHunningdon Wood Null<\/td>\nMount Edgecombe<\/td>\n18 000 000<\/td>\n<\/tr>\n
2<\/td>\nEastborne Road<\/td>\nMorningside<\/td>\n15 525 000<\/td>\n<\/tr>\n
3<\/td>\nThe Lakes Road<\/td>\nMount Edgecombe<\/td>\n13 600 000<\/td>\n<\/tr>\n
4<\/td>\nOverdale Road<\/td>\nEssenwood<\/td>\n12 000 000<\/td>\n<\/tr>\n
5<\/td>\nThe Fairwoods Road<\/td>\nMount Edgecombe<\/td>\n8 475 750<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Eastern Cape<\/h3>\n
\"Rosyth<\/a>

Rosyth Road<\/p><\/div>\n

\n
\n\n\n\n\n\n\n\n
#<\/th>\nStreet<\/th>\nSuburb<\/th>\nAverage Value<\/th>\n<\/tr>\n
1<\/td>\nRosyth Road<\/td>\nNahoon Beach<\/td>\n6 700 000<\/td>\n<\/tr>\n
2<\/td>\nProvidence Place<\/td>\nSea Vista<\/td>\n6 400 000<\/td>\n<\/tr>\n
3<\/td>\nLong Island Close<\/td>\nSea Vista<\/td>\n5 700 000<\/td>\n<\/tr>\n
4<\/td>\nPoivre Crescent<\/td>\nSea Vista<\/td>\n5 583 333<\/td>\n<\/tr>\n
5<\/td>\nToriquay Street<\/td>\nSummerstrand<\/td>\n5 500 000<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Free State<\/h3>\n
\"Goedhardt<\/a>

Goedhardt Crescent<\/p><\/div>\n

\n
\n\n\n\n\n\n\n\n
#<\/th>\nStreet<\/th>\nSuburb<\/th>\nAverage Value<\/th>\n<\/tr>\n
1<\/td>\nGoedhardt Crescent<\/td>\nWaverly<\/td>\n5 000 000<\/td>\n<\/tr>\n
2<\/td>\nKiewietskroon Avenue<\/td>\nWoodlands Golf and Country Estate<\/td>\n4 500 000<\/td>\n<\/tr>\n
3<\/td>\nTinktinkie Twist Street<\/td>\nWoodlands Golf and Country Estate<\/td>\n4 400 000<\/td>\n<\/tr>\n
4<\/td>\nUsher Street<\/td>\nHillsbro<\/td>\n4 400 000<\/td>\n<\/tr>\n
5<\/td>\nImpala Avenue<\/td>\nWoodlands Golf and Country Estate<\/td>\n4 000 000<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

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

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.<\/p>\n

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.
\nIn comparison, property in Clifton and Fresnaye go for around only R20,000 per square metre.<\/p>\n

More on wealth<\/h3>\n

20 of the most expensive SA domain names ever sold<\/a><\/strong><\/p>\n

The most expensive bank in South Africa<\/a><\/strong><\/p>\n

Where to find the most expensive homes in South Africa<\/a><\/strong><\/p>\n

Most expensive schools in South Africa in 2015<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

New data has revealed which street in South Africa commands, on average, the highest prices for homes.<\/p>\n","protected":false},"author":10,"featured_media":74328,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26,7421,10197,7275],"class_list":["post-94131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline","tag-lightstone","tag-streets","tag-wealth"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/94131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=94131"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/94131\/revisions"}],"predecessor-version":[{"id":95557,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/94131\/revisions\/95557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/74328"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=94131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=94131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=94131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}