Fresnaye is one of Cape Town's most affluent suburbs, situated between Signal Hill and Sea Point, a few kilometres to the west of Cape Town's Central Business District (CBD).
Fresnaye is set on the slopes of Lion’s Head on the East and between Sea Point and Bantry Bay to the suburb's North West and South West respectively.
Fresnaye is known to be one of the most wind-free area in Cape Town. Summer South Easterly winds whip through Cape Town. Fresnaye’s location in the wind protected pocket as well as the long daylight hours makes this suburb highly sought after by locals.
The plot sizes are on average bigger than the neighbouring suburbs and have a larger nuber of family type homes then apartment blocks.
This suburb is popular among the Jewish and international community.
In the last 12 months FRESNAYE had 81 properties that sold.
If you are looking for an investment property, consider houses in FRESNAYE rent out for an average of R 49 000 per month, with an annual rental yield of 3,48 %, and apartments rent for an average of R 21 300 per month, with a rental yield of 4,69 %.
Based on five years of sales, FRESNAYE has seen a compound growth rate of 16.41 % for houses and -17.15 % for apartments.
Average rental per month in FRESNAYE @ June 2022
1 bedroom unit: R 15 166
2 bedroom unit: R 21 300
3 bedroom unit: R 39 000
House: R 49 000