Loading property...
+2
More Photos
Create vibrant community living in Lynnwood Ridge, within walking distance to Lynnridge Mall and Gift Acres, near hospitals and schools — 2,977m² dual stands approved for 30 units.
Exceptional development land is now available for sale in the sought-after gated community of Lynnwood Ridge. Conveniently located within walking distance of Lynnridge Mall and Gift Acres shopping center, this prime property is also in close proximity to The Wilgers Hospital and The Grove Mall. Families will appreciate the nearby excellent schools and the ease of access to major highways.
The asking price of R8,700,000 encompasses TWO residential stands, which have been approved for development as a single stand with a total area of approximately 2,977m2. Currently, both original houses on each stand are occupied by tenants, providing a steady rental income until development can begin.
Zoning details: Res 4, allowing for 101 units per hectare, totaling 30 units.
Bulk contributions (as calculated in September 2022) are as follows:
- Water: R139,176.45 (VAT inclusive, 15%)
- Sanitation: R234,750.42 (VAT inclusive, 15%)
- Electricity: R399,307.90 (VAT inclusive, 15%)
- Roads and stormwater: R167,441.61 (VAT inclusive, 15%)
For additional information, please reach out to Marius.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R8,700,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 397 listings in Pretoria (town)
Insight
Priced above the median for similar properties in the area. On a price-per-m² basis, it is 58% below the median. Floor size is 339% larger than typical for similar homes.
Benchmark uses town-level data where suburb sample size is limited. Premium areas may trade above town averages - check with the agent for local guidance.
Similar properties pricing
Key differences
Market depth
397 similar listings
High similar-home inventory town-wide (Pretoria)
Median time on market: 126 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Lynnwood Ridge offers a blend of suburban tranquility and convenient access to essential amenities, making it an attractive residential area for families and professionals.
* Distances and amenities are approximate.
