Property prices for sale in Brakpan (Gauteng)

The prices in real estate in Brakpan, in the Gauteng region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

R 1 280 729,5
Average price last 6 months
R 347 312,83
Price/m² last 6 months
Average price per m2

The price per m² in Brakpan has had a strong decrease during the last 6 months. In February, the average price per m² was R 398 019. In the following month the price per m² increased considerably to R 485 392. The price for the following two months in (April, May) decreased 87 % with regard to the prior two months. The price per m² has had a considerable deflation of 52 % 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 412 834,25 to R 216 270 during June, and July.

Average price

Based upon to the price in Brakpan (cities & towns), this has gone up in the last 6 months. The price in February is R 1 158 315, rising in March till R 1 281 824. During the following two months (April, May) the price has had an average incrementation from R 1 220 069,5 to R 1 384 712,5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of R 1 302 391 and R 1 237 406,5 between June and July.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 1 140 334 they are 66 % more affordable than the average price for Brakpan. The properties with the highest average price have 4 bedrooms, Their price is 57 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 196 392.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 4 678 / m², with an average R 6 482 / m² price in Brakpan. The properties with the highest average prices have 2 bedrooms. They are 23 % more expensive than the average followed by properties with 1 bedroom with a price at R 7 371 / m².

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 1 140 334 it is 51 % cheaper than the average price in Brakpan. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 1 336 927 it is 1567 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "House" at an average cost of R 5 303 / m² followed by "Apartment" priced at R 8 361 / m². "Land" is the most costly type of property with a R 1 164 766 / m² cost followed by "Commercial" with an average price of R 9 952 / m².

Charts data
Average price July
Average price per m² July
Number of properties used in Brakpan
Number of properties used in region Gauteng
R 1 140 334
R 6 482
8 104
748 668
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value