The rent prices in real estate in Westbrook, in the Kwazulu-natal region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Westbrook has risen strongly during the last 6 months. In October, the average price per m² was R 64,35. In the following month the price per m² rose considerably to R 82,51. The price for the following two months in (December, January) had a considerable rise of 123 %. The price per m² has risen 105 % 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 81,74 to R 86,14 during February, and March.
When referring to the price in Westbrook (cities & towns), there have hardly been any changes in the last 6 months. The average price for October is R 14 813. During November the price had a slight fall till R 12 990. In the following two months the average price has hardly changed with regard to the previous two months from R 13 901,5 to R 14 243. Based on an analysis of the first four prices and the last two months the average price has increased 113 % 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 14 575 they are 60 % more affordable than the average price for Westbrook . The properties with the highest average price have 3 bedrooms, Their price is 10 % more expensive than the average. After that we have properties with 2 bedrooms priced at R 11 469.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 17 / m², with an average R 100 / m² price in Westbrook. The properties with the most expensive average prices have 4 bedrooms. They are 10240 % more expensive than the average followed by properties with 1 bedroom with a price at R 187 / m².
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of R 14 575 it is 30 % more affordable than the average price in Westbrook. "Flat" is seen as the second most affordable property type. The most affordable property is "Flat" followed by "Land". At a price of R 10 275 it is 29 % more affordable than the average price.
According to the average cost per m², the least affordable property would be "Land" at an average price of R 10 274 / m² followed by "Flat" priced at R 10 340 / m². "Flat" is the most expensive type of property with a R 10 340 / m² value followed by "Land" with an average price of R 10 274 / m².