East London is situated 1 000 kilometres from Cape Town. Nestled between the Nahoon River in the north and the Buffalo River to the south it is the only river port in South Africa. It lies at the northern end of a 300 kilometre stretch of coastline referred to as the "Sunshine Coast" which has St Francis Bay at the southern end.
East London, itself, has some 400 000 residents, the metropolitan area has 1.4 million, and it is the second largest city in the province of the Eastern Cape.
Residential areas such as Vincent, Selborne, Berea, Stirling and Nahoon are very popular because of their close proximity to schools, the central shopping hubs of Vincent Mall and Balfour Park and easy access to beaches. Beacon Bay is also one of the most popular areas of residence. Real estate in East London affords access to many great attractions and interest-specific activities, and some of the amenities to benefit from when buying or renting a house in East London, are:
Schools: A host of pre-primary and primary schools on your doorstep and access to high schools like Merrifield, Claredon, Cambridge, Hudson Park, Stirling and Selborne College.
Tertiary education: From East London you have access to Walter Sisulu University, the University of Fort Hare, Rhodes and Nelson Mandela Metropolitan University.
Some of the most popular residential areas in East London are: Amalinda, Cambridge, Quigney, Vincent, Berea, Selborne, Stirling, Bunkershill, Nahoon, Beacon Bay and Gonubie.
Average property prices:
The average selling prices of properties in the Beacon Bay area are between R1,4 and R1,8 million, with more exclusive properties featuring river and ocean views, selling between R 2 million to R 2,5 million and prime properties situated on the banks of the Nahoon River fetch prices of up to R 10 million.
There is also plenty of development in terms of townhouse complexes affording the average buyer the means to buy a free standing home within a secure complex at an affordable price.