The rent prices in real estate in Stellenbosch, in the Western Cape 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 Stellenbosch has risen during the last 6 months. In September, the average price per m² was R 169,48. In the following month the price per m² fell to R 151,52. In the following two months the price per m² has risen 110 %, going from R 160,5 to R 176,88 per m². The price per m² has had a considerable rise of 115 % 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 168,69 to R 194,16 during January, and February.
When referring to the price in Stellenbosch (cities & towns), this has risen considerably in the last 6 months. In our first sample month during September, the average price is R 11 097. In October This price remains at R 10 653. During the following two months (November, December) the average price had a considerable rise of 118 % 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 had a strong increase of 170 % 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 24 000 they are 60 % more affordable than the average price for Stellenbosch . The properties with the lowest average price have 4 bedrooms, Their price is 17 % more affordable than the average. After that we have properties with 3 bedrooms priced at R 18 273.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 53 / m², with an average R 207,23 / m² price in Stellenbosch. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at R 180 / m².
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of R 24 000 it is 61 % more affordable than the average price in Stellenbosch. "House" is seen as the second most affordable property type. The most affordable property is "Apartment" followed by "Commercial". At a price of R 12 381 it is 36 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Townhouse" at an average price of R 83 / m² followed by "Apartment" priced at R 84 / m². "House" is the most affordable type of property with a R 199 / m² value followed by "Farm" with an average price of R 135 / m².