Property prices for rent in Roodepoort (Gauteng)
The rent prices in real estate in Roodepoort, in the Gauteng 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 Roodepoort has had a strong fall during the last 6 months. In February, the average price per m² was R 2 512,61. In the following month the price per m² fell considerably to R 1 295,1. In the following two months the price per m² has practically remained the same, going from R 1 903,85 to R 1 860,8 per m². The price per m² has fallen 93 % 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 1 882,33 to R 1 753 during June, and July.
When referring to the price in Roodepoort (cities & towns), this has risen in the last 6 months. The average price for February is R 10 739. During March the price had a slight fall till R 9 696. During the following two months (April, May) the average price had a considerable rise of 120 % 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 11 072 they are 55 % more affordable than the average price for Roodepoort . The properties with the highest average price have 4 bedrooms, Their price is 100 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 10 141.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 59,77 / m², with an average R 80,03 / m² price in Roodepoort. The properties with the most expensive average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at R 92,99 / m².
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of R 11 072 it is 50 % more affordable than the average price in Roodepoort. "House" is seen as the second most affordable property type. The most expensive property type is "Flat" followed by "Office". At a price of R 24 749 it is 257 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Flat" at an average price of R 54,66 / m² followed by "Apartment" priced at R 80,6 / m². "Office" is the most expensive type of property with a R 127,39 / m² value followed by "Townhouse" with an average price of R 95,24 / m².
