The rent prices in real estate in Kempton Park, in the Gauteng region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Kempton Park has risen during the last 6 months. In May, the average price per m² was R 61,78. In the following month the price per m² rose considerably to R 84,44. The price for the following two months in (July, August) fell 88 % 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 68,71 to R 70,26 during September y October
When referring to the price in Kempton Park (cities & towns), this has fallen considerably in the last 6 months. The average price for May is R 44 491. During June the price had a considerable fall till R 15 870. During the following two months (July, August) the average price had a considerable rise of 141 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 110 % during the last two months.
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 31 280 they are 86 % more affordable than the average price for Kempton Park . The properties with the lowest average price have 4 bedrooms, Their price is 45 % more affordable than the average. After that we have properties with 3 bedrooms priced at R 10 203.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 54,18 / m², with an average R 69,28 / m² price in Kempton Park. The properties with the most expensive average prices have 1 bedroom. They are 55 % more expensive than the average followed by properties with 2 bedrooms with a price at R 94,73 / m².
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of R 31 280 it is 85 % more affordable than the average price in Kempton Park. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Flat" followed by "Land". At a price of R 44 747 it is 320 % 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 49 / m² followed by "Flat" priced at R 61,49 / m². "Commercial" is the most expensive type of property with a R 98,31 / m² value followed by "Townhouse" with an average price of R 97,76 / m².