Property prices for rent in Uvongo (Kwazulu-natal)

The rent prices in real estate in Uvongo, in the Kwazulu-natal region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

R 870 029
Average price last 6 months
R 322 643
Price/m² last 6 months
Average price per m2

The price per m² in Uvongo has had a strong fall during the last 6 months. In February, the average price per m² was R 360 108. In the following month the price per m² rose considerably to R 446 099. The price for the following two months in (April, May) had a considerable fall of 55 with regard to the previous two months. The price per m² has had a considerable fall of 58 % 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 313 076,5 to R 180 454,5 during June, and July.

Average price

When referring to the price in Uvongo (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is R 1 081 664. In March This price remains at R 1 092 648. During the following two months (April, May) the average price had a considerable fall of 50 % 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 816 740 to R 541 592,5, which means a 66 % fall.

Average price per bedrooms

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 1 080 582 they are 30 % more affordable than the average price for Uvongo . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 9 % more expensive than the average aforementioned.

With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of R 680 / m², with an average R 359 747 / m² price in Uvongo. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 211 % more expensive than the average value aforementioned.

Price per property type

The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of R 1 080 582 it is 11 % more affordable than the average price in Uvongo. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of R 1 039 739 it is 33 % more expensive than the average price.

According to the average cost per m², the most affordable property is "Apartment" at an average price of R 702 / m² followed by "Townhouse" priced at R 960 786 / m². "House" is the most expensive type of property with a R 1 433 164 / m² value followed by "Townhouse" with an average price of R 960 786 / m².

Charts data
Average price July
Average price per m² July
Number of properties used in Uvongo
Number of properties used in region Kwazulu-natal
R 1 080 582
R 359 747
2 520
40 470
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value