The rent prices in real estate in Chatsworth, in the Kwazulu-natal region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Chatsworth has had a strong fall during the last 6 months. In October, the average price per m² was R 77,82. In the following month the price per m² fell to R 70,32. The price for the following two months in (December, January) had a considerable fall of 74 with regard to the previous two months. The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of R 64,54 to R 65 during February y March
When referring to the price in Chatsworth (cities & towns), there have hardly been any changes in the last 6 months. The average price for October is R 5 459. During November the price had a slight fall till R 5 032. During the following two months (December, January) the price has had an average rise from R 5 245,5 to R 5 567,5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of R 5 406,5 and R 5 172,5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of R 4 934 they are 25 % more affordable than the average price for Chatsworth . The properties with the highest average price have 4 bedrooms, Their price is 82 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 7 718.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 18 / m², with an average R 71 / m² price in Chatsworth. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 3 bedrooms with a price at R 80 / m².
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of R 4 934 it is 80 % more expensive than the average price in Chatsworth. "Land" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Land". At a price of R 8 971 it is 82 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Land" at an average price of R 10 / m² followed by "House" priced at R 18 / m². "House" is the most affordable type of property with a R 18 / m² value followed by "Land" with an average price of R 10 / m².