Property prices for sale in Velddrift (Western Cape)

The prices in real estate in Velddrift, in the Western Cape region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city

R 1 942 494,17
Average price last 6 months
R 327 020,83
Price/m² last 6 months
Average price per m2

The price per m² in Velddrift has fallen in the last 6 months. In February, the average price per m² was R 342 336. In the following month the price per m² decreased considerably to R 57 280. The price for the following two months in (April, May) had a considerable increment of 299 %. The price per m² has had a considerable deflation of 46 % 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 399 104,5 to R 182 853,5 during June, and July.

Average price

Based upon to the price in Velddrift (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is R 1 700 500. During March the price went through a considerable rise reaching R 2 068 937. During the following two months (April, May) the price has had an average incrementation from R 1 884 718,5 to R 2 087 478. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from R 1 986 098,25 to R 1 855 286 in June and July.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 2 005 720 they are 28 % more affordable than the average price for Velddrift. 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 2 328 336.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 7 211 / m², with an average R 11 834 / m² price in Velddrift. The properties with the highest average prices have 1 bedroom. They are 13478 % more expensive than the average followed by properties with 2 bedrooms with a price at R 14 349 / m².

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 2 005 720 it is 63 % cheaper than the average price in Velddrift. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of R 2 106 446 it is 11 % 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 6 204 / m² followed by "Townhouse" priced at R 8 901 / m². "Land" is the most costly type of property with a R 295 930 / m² cost followed by "Apartment" with an average price of R 16 076 / m².

Charts data
Average price July
Average price per m² July
Number of properties used in Velddrift
Number of properties used in region Western Cape
R 2 005 720
R 11 834
1 450
300 896
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value