The rent prices in real estate in Sedgefield, in the Western Cape 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 Sedgefield has had a strong fall during the last 6 months. In October, the average price per m² was R 1 425. In the following month the price per m² fell considerably to R 50. The price for the following two months in (December, January) fell 88 % with regard to the previous two months. The price per m² has had a considerable rise of 304 % 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 694 to R 2 108,5 during February, and March.
When referring to the price in Sedgefield (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 145 591. During November the price had a considerable fall till R 7 301. During the following two months (December, January) the average price had a considerable fall of 71 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from R 65 306 to R 9 836,5, which means a 15 % fall.
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 13 601 they are 40 % more affordable than the average price for Sedgefield . The properties with the lowest average price have 2 bedrooms, Their price is 36 % more affordable than the average. After that we have properties with 1 bedroom priced at R 8 107.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 30 / m², with an average R 4 174 / m² price in Sedgefield. The properties with the most expensive average prices have 1 bedroom. They are 94 % more expensive than the average followed by properties with 2 bedrooms with a price at R 30 / m².
The graph displaying the average rent prices displays the property type "Farm" as the most affordable one. At an cost of R 13 601 it is 37 % more affordable than the average price in Sedgefield. "Apartment" is seen as the second most affordable property type. The most affordable property is "House" followed by "Apartment". At a price of R 8 665 it is 36 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Farm" at an average price of R 11 / m² followed by "Apartment" priced at R 21 / m². "House" is the most affordable type of property with a R 30 / m² value followed by "Apartment" with an average price of R 21 / m².