The rent prices in real estate in Edenvale, in the Gauteng region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Edenvale has fallen during the last 6 months. In October, the average price per m² was R 118,51. In November this price barely changed remaining at R 114,87 per m². The price for the following two months in (December, January) fell 92 % 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 112,06 to R 107,5 during February y March
When referring to the price in Edenvale (cities & towns), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is R 10 051. In November This price remains at R 9 846. During the following two months (December, January) the price has had an average rise from R 9 948,5 to R 10 722. 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 10 335,25 and R 10 441,5 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 10 579 they are 42 % more affordable than the average price for Edenvale . The properties with the highest average price have 4 bedrooms, Their price is 125 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 14 063.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 70,21 / m², with an average R 103,66 / m² price in Edenvale. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at R 106,63 / m².
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of R 10 579 it is 16 % more affordable than the average price in Edenvale. "House" is seen as the second most affordable property type. The most expensive property type is "Flat" followed by "Townhouse". At a price of R 42 396 it is 1136 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Townhouse" at an average price of R 49 / m² followed by "Apartment" priced at R 108 / m². "Flat" is the most expensive type of property with a R 150 / m² value followed by "Commercial" with an average price of R 119 / m².