The rent prices in real estate in Estcourt, in the Kwazulu-natal region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per m² in Estcourt has barely changed in the last 6 months. In October, the average price per m² was R 5 263. In the following month the price per m² fell to R 4 836. In the following two months the price per m² has practically remained the same, going from R 5 049,5 to R 4 889 per m². The price per m² has risen 106 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of R 4 969,25 to R 5 257 during February, and March.
When referring to the price in Estcourt (cities & towns), this has risen in the last 6 months. The average price during our first sample month during October, is R 5 263. During November the price went through a considerable rise reaching R 8 823. During the following two months (December, January) the average price had a considerable fall of 72 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 87 %, going from R 6 053,5 to R 5 257 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of R 5 257 they are 24 % more affordable than the average price for Estcourt . The properties with the highest average price have 3 bedrooms, Their price is 141 % more expensive than the average. After that we have properties with 1 bedroom priced at R 4 584.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 3 483 / m², with an average R 5 257 / m² price in Estcourt. The properties with the most affordable average prices have 1 bedroom. They are 13 % more affordable than the average followed by properties with 2 bedrooms with a price at R 3 483 / m².
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of R 5 257 it is 25 % more affordable than the average price in Estcourt. "Farm" is seen as the second most affordable property type. The most expensive property type is "" followed by "Farm". At a price of R 4 508 it is 141 % 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 3 439 / m² followed by "Farm" priced at R 4 507 / m². "Farm" is the most affordable type of property with a R 4 507 / m² value followed by "Townhouse" with an average price of R 3 439 / m².