Property prices for sale in Kempton Park (Gauteng)
The prices in real estate in Kempton Park, in the Gauteng region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Kempton Park has increased strongly during the last 6 months. In March, the average price per m² was R 5 455. In the following month the price per m² increased to R 5 888. The price for the following two months in (May, June) had a considerable increment of 133 %. The price per m² has increased 113 % 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 6 614 to R 7 459 during July, and August.
Based upon to the price in Kempton Park (cities & towns), these have remained the same in the last 6 months. In our first sample month during March, the average price is R 1 303 850. In April This price remains at R 1 288 057. In the following two months the average price has remained the same with regard to the previous two months from R 1 295 953,5 to R 1 248 637. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 1 395 042 they are 59 % more affordable than the average price for Kempton Park. The properties with the highest average price have 4 bedrooms, Their price is 98 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 458 857.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 4 564 / m², with an average R 7 200 / m² price in Kempton Park. The properties with the highest average prices have 1 bedroom. They are 46 % more expensive than the average followed by properties with 2 bedrooms with a price at R 9 336 / m².
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 1 395 042 it is 51 % cheaper than the average price in Kempton Park. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of R 2 308 106 it is 133 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Flat" at an average cost of R 4 301 / m² followed by "House" priced at R 4 663 / m². "Apartment" is the most costly type of property with a R 10 160 / m² cost followed by "Townhouse" with an average price of R 9 169 / m².
