Clifton is one of the most affluent suburbs of Cape Town, South Africa. It is an exclusive residential area and is home to the most expensive real estate in South Africa, with dwellings nestled on cliffs that have sweeping views of the Atlantic Ocean.
Clifton was rated as one of the Top Ten Beaches by the cable and satellite television network Discovery Travel Channeli n 2003 and 2004 and has received Blue Flag status. In 2005 and 2006 it was rated by Forbes at number 8 in the Top 10 Topless beaches in the World.
Clifton is neighboured by the suburbs of Camps Bay and Bantry Bay.
Most of the apartments are located on the coast line and the larger homes located on the slopes of Lions head.
In the last 12 months CLIFTON had 22 properties that sold.
If you are looking for an investment property, consider houses in CLIFTON rent out for an average of R 80 000 per month, with an annual rental yield of 3,07%, and apartments rent for an average of R 41 800 per month, with a rental yield of 3,52%.
Based on five years of sales, CLIFTON has seen a compound growth rate of -21 % for houses and -27.47 % for apartments.
Average rental per month in CLIFTON @ June 2022
1 bedroom unit: R 24 600 2 bedroom unit: R 41 800 3 bedroom unit: R 61 000 House: R 80 000