The Durban beachfront has been revitalised after the 2010 World Cup, with property prices surging and visitor numbers increasing.
It’s little wonder that Durbanites have rediscovered the entire beachfront area. Simply put, the change has been nothing short of miraculous and the area now draws people from all walks of life who want to enjoy everything that this vibrant city has to offer.
Although many assumed that the revamp undertaken ahead of the 2010 FIFA World Cup wouldn't have much of a long-term impact, they were wrong. These days the Golden Mile is thronged with people making the most of the opportunity to jog, skateboard, and cycle along the promenade while a seemingly ever-growing number of tourists take advantage of the good weather on the beach.
New life has also been breathed into the area by a plethora of relatively new eateries such as California Dreaming, Surf Riders Food Shack, and Afro’s Chicken Shop. The in places to see and be seen, these spots come alive over the weekends as locals and visitors flock through their doors.
The good news story extends to property and Lightstone statistics give some indication as to how popular the area has become. In 2005 the average selling price of a sectional title unit was R400,000. Today that amount has increased to nearly R800,000. Before you all rush out hoping to snap up a bargain, it should be noted, however, that although the average is on the low side, in the past 12 months 31 of the 71 properties sold for an average price of R956,000.
Although the facilities on South Beach have improved drastically during the same time period and places like uShaka Marine World continue to pull in the crowds, property here remains somewhat less expensive than that to the north. Of the 204 units sold, 128 fell within the 0 to R400,000 bracket with the average price sitting around R179,000. Again, before you rush out to put in an offer, 30 sales were recorded in the R800,000 to R1,5m bracket, while five attained selling prices of between R1,5m and R3m. Although Lightstone doesn’t specify, given the locality, it’s safe to assume that the more expensive units were located on the beachfront or within the Point Waterfront development.
The beachfront delivers on every level. It’s fantastic having such a wide choice of amenities on our doorstep and if that wasn’t enough, we have the best view in the city.
Angela Harrison, resident
Things to do:
- Rent a bike and cruise the beachfront.
- Take a ride in a rickshaw.
- Enjoy a cocktail at one of the numerous bars and restaurants.
- Visit uShaka Marine World.
Best in food:
- Joe Cool’s
- California Dreaming
- Afro’s Chicken Shop
- Surf Riders Food Shack
Medical facilities nearby:
- Addington Hospital
- North Beach Medical Centre
- Netcare St Augustine’s Hospital
This article originally appeared in Neighbourhood, Sunday Times.
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