Property prices for sale in Verulam (Kwazulu-natal)

The prices in real estate in Verulam, in the Kwazulu-natal 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 1 554 373,17
Average price last 6 months
R 4 748,33
Price/m² last 6 months
Average price per m2

The price per m² in Verulam has had a strong decrease during the last 6 months. In September, the average price per m² was R 6 219. In October this price pretty much remained the same at a value of R 6 473 per m². The price for the following two months in (November, December) had a considerable decrease of 78 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 5 643,25 to R 2 958,5 during January, and February.

Average price

Based upon to the price in Verulam (cities & towns), this has gone up in the last 6 months. The price in September is R 1 439 852, rising in October till R 1 611 054. During the following two months (November, December) the price has had an average incrementation from R 1 525 453 to R 1 609 536,5. 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 1 567 494,75 and R 1 528 130 between January and February.

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 1 581 500 they are 63 % more affordable than the average price for Verulam. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 501 547.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 2 161 / m², with an average R 2 946 / m² price in Verulam. The properties with the highest average prices have 1 bedroom. They are 403 % more expensive than the average followed by properties with 2 bedrooms with a price at R 12 207 / m².

Price per property type

The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 1 581 500 it is 50 % cheaper than the average price in Verulam. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 1 583 500 it is 390 % more expensive than the average price.

According to the average cost per m², the most expensive property type would be "House" at an average cost of R 4 313 / m² followed by "Apartment" priced at R 11 965 / m². "Commercial" is the most costly type of property with a R 7 747 837 / m² cost followed by "Flat" with an average price of R 747 044 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Verulam
Number of properties used in region Kwazulu-natal
R 1 581 500
R 2 946
542
206 880
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value