Green Point is an affluent suburb on the Atlantic Seaboard of Cape Town, South Africa located to the north west of the central business district.
It is a popular residential area for young professionals and for the Cape Town gay and lesbian community, alongside the gay village of De Waterkant. Many new mid-rise apartment and mixed-use developments have gone up in recent years. Somerset Road forms the main thoroughfare lined by restaurants, cafés, deli’s, boutiques and nightclubs.
In the last 12 months GREEN POINT had 191 properties that sold.
If you are looking for an investment property, consider houses in GREEN POINT rent out for an average of R 35 000 per month, with an annual rental yield of 4,57 %, and apartments rent for an average of 17000 / 100 sqm per month, with a rental yield of 5,32 %.
Based on five years of sales, GREEN POINT has seen a compound growth rate of -10.24 % for houses and -16.07 % for apartments.
Average rental per month in GREEN POINT @ June 2022
1 bedroom unit: R 12500 / 60 sqm 2 bedroom unit: R 17000 / 100 sqm
3 bedroom unit: R 30000 / 150 sqm
House: R 35000