New data shows which streets in South Africa are the most valuable in each major metro, based on historic and comparative data.
Data provided by Lightstone Property shows that Torquay Avenue in Bishopscourt, in Cape Town, is the most expensive street in South Africa, based on the valuation of properties found on the road.
In 2016, Lightstone’s data painted a different picture – Nettleton Road in Clifton was viewed to be the wealthiest street. However, this data was based on the overall average value of transactions on South African streets, which could be skewed by a single high or low sale.
Lightstone has used median values for its latest findings, which eliminates very high prices or very low prices and shows the actual middle range value of properties, providing a clearer overall picture of property value in the country.
The group used its Lightstone Residential Classifier to determine residential value of all properties, with an accuracy score above 40%.
The average Lightstone Prediction Value was used to rank the top properties in each province below. The group only explored streets having more than 5 properties, and where at least 50% of properties are residential.
These are the most expensive streets in the country: