Property prices in Margate
The typical asking price in Margate, KwaZulu-Natal is R 2 100 000 for a house, R 999 000 for an apartment and R 1 000 000 for a townhouse. The typical house price in Margate is 14% above the typical KwaZulu-Natal price of R 1 850 000. At R 7 107 per m², houses in Margate cost 31% less than the KwaZulu-Natal figure of R 10 241, which points to larger homes. Of the 66 towns in KwaZulu-Natal with a typical house price, Margate has the joint 25th highest. Apartments typically rent for R 8 000 a month, houses for R 11 150. Apartments in Margate return a gross rental yield of 10,8%, below the KwaZulu-Natal figure of 13,1%. Figures updated in November 2026.
Prices for sale in Margate
| Home type | Median asking price | Median per m² | Middle 50% per m² | Confidence |
|---|---|---|---|---|
| Houses | R 2 100 000 | R 7 107 | R 5 432 – R 9 683 | 5 / 5 |
| Apartments | R 999 000 | R 10 843 | R 8 607 – R 13 041 | 5 / 5 |
| Townhouses | R 1 000 000 | R 7 804 | R 6 748 – R 8 770 | 5 / 5 |
| Bedrooms | Houses | Apartments | Townhouses |
|---|---|---|---|
| 1 bedroom | — | R 550 000 | — |
| 2 bedrooms | R 910 000 | R 832 500 | R 890 000 |
| 3 bedrooms | R 1 780 000 | R 1 390 500 | R 1 210 000 |
| 4 bedrooms | R 2 250 000 | R 2 150 000 | R 1 284 500 |
| 5 bedrooms | R 2 490 000 | — | — |
| 6+ bedrooms | R 3 225 000 | — | — |
Rents in Margate
| Home type | Median rent / month | Median per m² / month | Middle 50% per m² | Confidence |
|---|---|---|---|---|
| Houses | R 11 150 | R 69 | R 52 – R 90 | 3 / 5 |
| Apartments | R 8 000 | R 97 | R 85 – R 120 | 4 / 5 |
| Townhouses | R 10 000 | R 84 | R 78 – R 97 | 2 / 5 |
| Bedrooms | Houses | Apartments |
|---|---|---|
| 2 bedrooms | — | R 7 820 |
| 3 bedrooms | R 12 200 | R 13 193 |
Gross rental yield by home type in Margate
| Home type | Gross yield |
|---|---|
| Houses | 11,7% |
| Apartments | 10,8% |
Suburbs in Margate
Gross yields compare area-level asking rents and sale prices before costs.
| Suburb | Median asking price | Median rent / month | Gross yield |
|---|---|---|---|
| Beacon Rocks | R 2 300 000 | R 6 000 | — |
| Manaba Beach | R 2 999 000 | R 11 880 | — |
| Margate | R 1 495 000 | R 8 160 | — |
| Ramsgate | R 2 145 000 | R 15 000 | — |
| Shelly Beach | R 2 500 000 | R 19 475 | — |
| St Michaels On Sea | R 1 945 000 | — | — |
| Uvongo | R 3 750 000 | R 12 500 | — |
| Uvongo Beach | R 3 200 000 | — | — |
| Suburb | Median asking price | Median rent / month | Gross yield |
|---|---|---|---|
| Beacon Rocks | R 987 000 | R 8 500 | — |
| Manaba Beach | R 1 030 000 | R 13 330 | — |
| Margate | R 895 000 | R 7 125 | — |
| Ramsgate | R 1 085 500 | R 7 950 | — |
| Shelly Beach | R 1 305 000 | R 8 500 | — |
| St Michaels On Sea | R 780 000 | — | — |
| Uvongo | R 1 323 500 | — | — |
| Uvongo Beach | R 1 180 000 | — | — |
| Suburb | Median asking price | Median rent / month | Gross yield |
|---|---|---|---|
| Beacon Rocks | R 915 000 | — | — |
| Manaba Beach | R 1 327 500 | — | — |
| Margate | R 925 000 | R 10 000 | — |
| Ramsgate | R 1 080 000 | R 10 470 | — |
| Shelly Beach | R 1 125 000 | R 10 000 | — |
| St Michaels On Sea | R 582 500 | — | — |
| Uvongo | R 1 200 000 | — | — |
| Uvongo Beach | — | — | — |
Grey figures are indicative.
Figures are asking prices, not completed sale prices. Data last updated: .