Millborough, Vredehoek: apartment prices, October 2026
70 Upper Mill St, a sectional-title scheme registered in 1981. Every sale registered here since January 2023, with the price per m², the trend and what a unit would rent for.
13 sales recorded in Millborough since 2023, median price R2.29m.
Data: City of Cape Town public records, 13 registered sales, last updated October 2026.
By Samantha, Sellect · Sales registered Jun 2023 to May 2026 · Updated 21 October 2026 · MethodMillborough in 60 seconds
City of Cape Town registered sales · method at the bottom of the pageAbout Millborough
The units that changed hands range from 42 m² to 101 m², mostly two- and three-bedroom sizes (median 83 m²). By price per m², Millborough sits at number 15 of the 18 Vredehoek buildings with five sales or more since 2023, in the cheapest fifth. The sectional-title scheme was registered in 1981. The highest price registered here since 2023 was R3.25m, for a unit of 83 m², in Jan 2026.
What Millborough sells for
Medians of registered sales. With a handful of sales a year, the mix of units sold moves these figures: read the trend with care.
Apartments in Millborough sell for about 20 % less per m² than the Vredehoek median, a way into the neighbourhood below its usual price level. Units sold range from 42 m² to 101 m², with a median of 83 m². 13 sales were registered since January 2023, the most in 2024 (6). The median price per m² moved from R26,600 in 2023 and 2024 to R34,400 in 2025 and 2026, +29 %. Since July 2025, units here sold for a median of +19 % their 2025 municipal value.
Floor, view and condition move the price of each unit: value your apartment in Millborough against these sales, free.
Median price per m² by year
Number of sales under each year. 2026 is partial.
Against the neighbourhood
Median price per m², sales since January 2025 where available. Vredehoek median: apartments sold since January 2025.
| Year | Sales | Median price | Median price per m² |
|---|---|---|---|
| 2026 | 2 | R2.69m | R31,057 |
| 2025 | 3 | R3.00m | R34,409 |
| 2024 | 6 | R2.27m | R28,163 |
| 2023 | 2 | R1.86m | R22,594 |
Every sale registered in Millborough since 2023
Month of registration, unit size and price, as published by the City of Cape Town. Unit numbers and owners are not shown.
| Registered | Size | Price | Price per m² |
|---|---|---|---|
| May 2026 | 93 m² | R2.13m | R22,957 |
| Jan 2026 | 83 m² | R3.25m | R39,157 |
| Nov 2025 | 93 m² | R3.20m | R34,409 |
| Jun 2025 | 83 m² | R3.00m | R36,084 |
| Apr 2025 | 93 m² | R2.50m | R26,882 |
| Nov 2024 | 83 m² | R2.29m | R27,651 |
| Sep 2024 | 101 m² | R3.06m | R30,248 |
| Jul 2024 | 42 m² | R1.50m | R35,714 |
| May 2024 | 101 m² | R2.25m | R22,277 |
| Apr 2024 | 83 m² | R1.60m | R19,277 |
| Apr 2024 | 83 m² | R2.38m | R28,675 |
| Dec 2023 | 82 m² | R2.10m | R25,610 |
| Jun 2023 | 83 m² | R1.62m | R19,578 |
What a unit in Millborough would earn
Estimates, not observed rents: Sellect model from the price level, the same as in your free report.
Rent for a median unit
A 83 m² unit at the building median of R2.29m would rent for about R17,200 a month: a gross yield of about 9.0 % and about 5.5 % net, after rates, levies, management and empty months.
Rates at the City’s 2026/27 residential rate, levies estimated at R45 per m² a month, management 8 %, vacancy 4 %.
Value your flat in Millborough
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Frequently asked questions
How much does an apartment in Millborough cost?
Since January 2023, 13 apartments were registered as sold in Millborough, Vredehoek, at a median of R2.29m for 83 m², or R27,700 per m². Prices ranged from R1.50m to R3.25m.
Is Millborough expensive for Vredehoek?
Units in Millborough sell for a median of R34,400 per m², 20 % below the Vredehoek apartment median of R43,000 per m² for sales since January 2025.
What rent can I get for a flat in Millborough?
About R17,200 a month for a 83 m² unit, a gross yield of about 9.0 % (5.5 % net). This is a Sellect estimate from the price level; your free report adjusts it to your unit.
Where do these figures come from?
From sales registered at the Deeds Office and published by the City of Cape Town, analysed by Sellect. Bundles, parking bays, storerooms and implausible prices are excluded. Figures are medians and indicative, not a valuation.