How a One-Bedroom Apartment in Cantonments Nearly Doubled in Value in 5 Years
A Real Investment Story in Cantonments, Accra
Cantonments is one of Accra’s most sought-after residential districts, home to diplomats, gated communities, and modern apartment developments. This blog explores how a verified apartment price from 2020 compares to the current market—and what this means for investors.
2020 Benchmark: What Did a One-Bedroom Cost?
Verified listings from 2020 indicate that the lowest-priced one-bedroom apartment in Cantonments was:
GH₵959,040 (~$62,000 USD)
While speculative estimates previously placed 2020 prices closer to GH₵520,000, actual listing data confirms a much higher entry-level figure.
2025 Update: What Is That Property Worth Now?
According to Ghana Property Centre, the current median price for a one-bedroom apartment in Cantonments is:
GH₵1,820,000 (~$117,400 USD)
This confirms a strong appreciation in value over the five-year period.
Capital Appreciation Breakdown
2020 Purchase Price: $62,000
2025 Market Value: $117,400
Capital Gain: $55,400
5-Year Return: ~89% increase
Annualised Growth Rate: ~13.6% per year
Rental Income: Factoring Occupancy
High rental yields make Cantonments a strong choice for buy-to-let investors. But true returns depend on how consistently your unit is rented out.
Market Rates and Occupancy
Average rent: $1,200–$1,500/month (based on listings on Ghana Property Centre and Apartments.com.gh)
Average occupancy: 85–95%, equating to 10–11 months/year
Effective Yield Calculations
Rent Level Occupancy Net Annual Rent Yield on 2025 Value
$1,200 85% $12,240 10.4%
$1,500 95% $17,100 14.6%
5-Year Rental Income Range
$61,200 – $85,500 (net of vacancies)
When added to the capital gain, this results in a total 5-year return of:
$116,600 – $140,900 USD
Looking Ahead to 2030
Assuming modest growth of 8% annually:
2030 Projected Value: GH₵2,670,000 (~$172,300 USD)
2025–2030 Capital Gain: ~$54,900 USD
Summary Snapshot
Year Price (USD) Capital Gain Rental Yield (Net)
2020 $62,000 — —
2025 $117,400 $55,400 10–14.6%
2030* $172,300 $54,900 est. —
Why Investors Love Cantonments
Prestige and Security: Embassy zone with top-tier amenities
Strong Capital Growth: Nearly doubled in 5 years
High Rental Demand: Consistent yields and low vacancy risk
Featured Cantonments Listings from Ghana Bound
- The Park Apartments – 1 Bedroom Unit
Price: From $145,000 (unfurnished), $155,000 (fitted)
View Listing: https://ghanabound.com/properties/the-park-apartments-cantonments-accra/
- Modern Opulent Apartments
Price: From $84,999 (studio) and $178,200 (1-bedroom)
View Listing: https://ghanabound.com/properties/modern-luxury-apartments-cantonments/
- Fully Furnished One-Bedroom (Rental)
Price: $1,500/month
View Listing: https://ghanabound.com/properties/furnished-1-bedroom-apartment-rent-cantonments/
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