Fresnaye - home to dream properties

Area history

Located between Signal Hill and Sea Point, Fresnaye is one of Cape Town’s most affluent suburbs. Just a few kilometres west of the city centre, the suburb is set on the slopes of Lion’s Head and is known as one of the area’s most fashionable residential hubs.

4 Bedroom House for sale in Fresnaye

Due to its prime positioning on the mountain, the area is largely sheltered from the south-easterly winds. This, along with the fact that it is so close to Cape Town’s CDB, has led to the area becoming home to some of the most expensive real estate along the Atlantic Seaboard. Another major draw card of the area is its proximity to the trendy Atlantic beaches of Camps Bay and the four beaches of Clifton, which are literally within walking distance from Fresnaye.

Fresnaye residents can also enjoy nearby Sea Point’s Main Road, which has a diverse offering of restaurants, shops and other entertainment facilities. Sea Point’s promenade is also highly popular among walkers and joggers.

Area property information

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that property in the upmarket area of Fresnaye consists of 62.80% freestanding homes and 37.20% sectional title units. He notes that recent buying activity in the area has been fairly evenly spread between buyers of all age groups with 31.45% of recent buyers aged between 36 and 49 years old, 28.3% between 50 and 64 years old and 26.42% above the age of 65 years old.

4 Bedroom Stefan Antoni designed House for sale in Fresnaye

Goslett says that while the number of property sales in the area saw a drop in 2008, sales volumes have still been relatively high when compared to other regions across the country. He notes that between 2010 and 2012 around 88 properties were sold in the area each year.

According to Goslett, the price of a freestanding home in the area was relatively unaffected by the recession. Lightstone data reveals the average price of a freestanding home in Fresnaye saw massive growth between 2004 and 2007, with the price stabilising and remaining fairly flat up until 2009. Goslett says that from 2010 the price began to see year-on-year increases reaching a record high of R6.891 million this year.  He notes that the average price of a sectional title unit has performed far more erratically, seeing growth up until 2008 and then dipping in 2009. The price recovered slightly in 2010, only to drop again in 2011. Since then the price has seen a far steadier upward trend.

Property price trends


Demand for property

Goslett says that 67.3% of homes sold in Fresnaye between December 2012 and November 2013 were those priced above R3 million.  Around 22.8% were priced between R1.5 million and R3 million, while properties between R800 000 and R1.5 million represented 7.6% of the area’s sales. Only 2.2% of homes sold during this period were priced between R400 000 and R800 000.

Try a Draw-a-Search in this area to find your dream property

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
    • 15 Feb 2018
      One positive consequence of the financial crash in 2008 was the rise in consumerism, especially in the property market, where buyers have steadily become more knowledgeable and more value conscious.
    • 15 Feb 2018
      While most homeowners will take the agent’s commission into consideration when they are trying to determine what the will get out from the sale of their property, many often forget to factor in the other costs involved in a home sale, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news. Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it’s a double-edged sword as the market also will come under increasing pressure from factors like declining disposable income levels.
    • 14 Feb 2018
      While you may not have intended to place your home on the market, what do you do if you receive an unexpected offer on your home? In areas where demand outweighs the current supply of homes available to buyers, it is not unheard of to have buyers make offers on homes that aren’t on the market, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      If you are looking to sell your home this year, Debbie Justus-Ferns, divisional manager of Renprop Residential Sales, says that there are five crucial things to do before the ‘for sale’ sign goes up.
    • 01 Feb 2018
      February is the month of love and to celebrate we will be posting about all the things we love this month. Follow the #MyPropertyLoves hashtag to keep up with our favourite things.
    • 01 Feb 2018
      After saving up and months of searching for the right home, applying for a bond and patiently waiting for the keys to the front door, it is finally time to cross the threshold and move into your new home. Now what?
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us