Property prices in this historic Cape Town suburb doubled in one year

Tamboerskloof, nestled on the slopes of Lion’s Head with breathtaking views of the city, is experiencing exceptional property price growth.

In 2025, the average sale price was R3.91 million. Today the average sale price is R7.8 million.

Tamboerskloof Defies the Odds

However, Tamboerskloof is defying the odds.

The property market in other Cape Town Central suburbs hasn’t been doing as well.

In Gardens, property prices are down 18.4% year-over-year. The Foreshore and V&A are also experiencing some price depreciation.

In Higgovale, property prices are down from the suburb’s 2017 peak.

Tamboerskloof hasn’t been impacted.

Instead, buyers are flocking to the suburb. So far this year, 75 sales have been recorded.

Once overlooked by investors and well-heeled buyers, the suburb is getting as much attention as other upscale Cape Town suburbs.

This year, a home on Lael Street sold for R15 million, according to Western Cape Deeds Office records.

The value increase isn’t limited to homes.

Sectional title prices are up.

Last year, the average sale price for a sectional title was R3 million; today it’s R3.9 million.

Tamboerskloof sellers are cashing in.

As soon as homes are listed, buyers are putting in offers.

In July, 43 homes were on the market; by the end of August, that dropped to 32, including 3 new listings.

What’s Behind the Doubled Price?

Tamboerskloof is the prime location for younger buyers and investors.

It’s not as expensive as Higgovale, where the average home sells for close to R18 million.

But it also hasn’t been impacted by crime and homeless encampments that have plagued parts of Gardens.

Instead, property in the area remained below R3.5 million between 2018 and 2025, despite being home to some of the best schools and having proximity to all of central Cape Town’s amenities.

Tamboerskloof has also isolated itself from the rising crime in Cape Town Central.

The suburb has an active neighbourhood watch which uses volunteer patrols and a CCTV network to curtail crime.

What’s Next?

Bo Kaap could be next.

Property in the suburb sells for R3.92 million.

But the suburb benefits from the same proximity to amenities as other sought-after central suburbs.