Nov
2019
North Beach in Durban has always been the ideal place to spend summer holidays. For this reason property values have kept up with demand and market trends.
With the redevelopment of the uShaka Marine World, Moses Mabhida Stadium and the Bluff, property in North Beach has become more desirable as a second holiday property.
The proximity to tourist amenities is one reason why the suburb is favored as most of these amenities are within walking distance.
The high rise apartment building are generally placed so that they all enjoy views of beaches and the harbour which is also a factor in the general value of the apartments.
Pricing ranges from affordable to middle-class and upmarket values depending on what the individual apartment buildings offer in terms of amenities like private gyms, pools and the degree of security which is convenient as it is a lock-up and go convenience.
But they do all in their own right still offer affordability which is one of its strong selling points. The amount of movement in this suburb is not due to any negativity but in fact in most cases it is sellers upgrading to family homes or larger apartments.
There are a large percentage of permanent residents in the suburb who reside in the suburb due to its prime location, close to important amenities like schools, malls, commercial and industrial hubs.
The rental market in the suburb falls within two categories namely permanent residential letting and seasonal holiday rental with both showing handsome income.
For permanent residents the reputable and popular schools are Winterton Primary School, Durban High School and Durban Girls College.
Within the rental market there is maybe an underutilized segment catering for student accommodation and especially in the more affordable apartment buildings as North Beach is close to the Durban University of Technology.
Malls in and close to North Beach are Beachview Mall, uShaka Village and Berea Centre.
Take a tour of the apartments in North Beach via the Myroof web-site.
