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Spotlight on Fresnaye

Spotlight on Fresnaye

This report provides a current snapshot of the Fresnaye residential property market.

Demand indicator metrics

  • Sale listings: Properties listed for sale in Fresnaye comprise approximately 9% of the total sale listings in the Atlantic Seaboard area. Approximately 9% of the interest (views) in properties for sale in the Atlantic Seaboard area is attributable to properties listed for sale in Fresnaye.
  • Rental listings: Properties listed for rent in Fresnaye comprise approximately 4% of the total rental listings in the Atlantic Seaboard area. Approximately 4% of the interest (views) in properties for rent in the Atlantic Seaboard area is attributable to properties listed for rent in Fresnaye.

 

Property types

  • Sale listings: The types of residential properties available for sale in Fresnaye can be broken down into 69% houses, 30% apartments and 1% complexes. A typical property for sale in Fresnaye is a four-bedroom house, currently with a median asking price of R24m.
  • Rental listings: The types of residential properties available for rent in Fresnaye can be divided into 57% houses, 33% apartments and 10% complexes. A typical property for rent in Fresnaye is a four-bedroom house, currently with a monthly median asking price of R47 500.

 

Median asking prices

  • Sale listings: The median asking prices for residential property for sale in Fresnaye are R13,6m for a house, R11,5m for a complex and R4,34m for an apartment.
  • Rental listings: The median asking prices for residential property for rent in Fresnaye are R50 000 per month for a house, R30 250 per month for a complex and R16 000 per month for an apartment.

 

Total value of residential properties listed on Private Property in Fresnaye is

  • Sales: R2,18bn
  • Rental: R802 000

 

Bond repayment calculation

The monthly bond repayment to purchase a typical property in Fresnaye, namely a four-bedroom house with a median asking price of R24m, is R235 594 per month over 20 years at prime of 10.25% with no deposit. The monthly median rental asking price for a four-bedroom house in Fresnaye is R47 500 per month.

These findings represent a current snapshot of properties available on the Private Property portal. The house type complex consists of townhouses, clusters, duplexes and simplexes.

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