Cape Town: The five most expensive streets and suburbs [pictures]

If you’re a millennial in Cape Town and you want to buy a house soon, but you haven’t stopped buying all those avocados yet, you might want to reconsider.

Lightstone, an analytics company with a unique insight into South Africa’s property market, released its new report detailing South Africa’s “most valuable” suburbs.

The report is released annually and uses a set of tangible data to give a snapshot view of properties in the area. Lightstone said in its latest report:

“Like previous years, the Cape Town’s property growth remains above the national average. The top three inflationary growth suburbs in the Western Cape over the last 12 months are Silwood Heights, Voëlklip and Hospital Hill.”

While there is currently a lot of controversy surrounding property valuations in Cape Town, the suburbs and streets that have come out top as most expensive (or rather, with the highest property values) aren’t surprising.

The plush beach suburbs dominate the list. We’ve used the average values from the Lightstone report and sourced pictures from properties listed for sale across the web.

So, how does the other half live? Let’s take a little look. You might want to buy a lotto ticket rather than just quit the avos, though.

Cape Town’s top five most expensive suburbs

Llandudno

Average value: R19.3 million

House in photo: Listing price, R44 million, five bedrooms and five bathrooms. Four garages.

De Bosch (Stellenbosch)

Average value: R17.3 million

House in photo: Listed at R6.95 million (reduced), four bedrooms, three bathrooms and two garages.

Constantia

Average value: R15.1 million

House in photo: Listed at R16.8 million, four bedrooms, bathrooms and garages. Cat and booze not included, we assume.

Bel Ombre

Average value: R14.8 million

Bit of a suburb within a suburb situation here. But we’ve got some info anyway. House in photo: Listed at R16.8 million, four bedrooms, four and a half bathrooms and four garages.

Higgovale

Average value: R13.7 million

House in photo: Listed at R85 million (!!!), seven bedrooms, seven and a half bathrooms and six garages.

Cape Town’s top five most expensive streets

Filtering properties by street is a bit tricky – and there is no guarantee that there will be a listing available for that street.  So, we won’t go around depressing you any further with a reminder of just how much money you don’t have.

Beauvais Avenue, Bel Ombre

Average value: R43.7 million

Ravine Road, Bantry Bay

Average value: R27.5 million

Logies Road, Llandudno

Average value: R27.2 million

Avenue St Louis, Fresnaye

Average value: R21.4 million

Chesterfield Road, Oranjezicht

Average value: R21.2 million