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Prime development opportunity on Victoria Drive in an Active Open Space corridor — residential or agricultural potential; possible multiple dwellings up to 12m/3 floors pending rezoning. 4.3 ha at R65/m².
Ideal for investors and developers.
Property currently zoned as undisclosed but can be used for residential as well as for agricultural use.
Land falls within strip earmarked as Active Open Space (Sport fields).
Can build multiple dwellings up to 12M in height with a maximum of 3 floors but land would need to be rezoned to the appropriate zoning.
Highly visible and well located on the ever expanding Victoria Drive.
Well priced at only R65/ Square meter.
Contact me for further information.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R1,700,000
Price reduced by 0.1% to R1,699,000
Price reduced by 29.7% to R1,195,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 67 listings in Gqeberha (town)
Insight
Priced above the median for similar land listings in the area. On a price-per-land-m² basis, it is 95% below the median. Land size is 3321% larger than typical for similar land.
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
Affordability
R 11,731 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
67 similar listings
High similar land inventory town-wide (Gqeberha)
Median time on market: 162 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
Walmer is a well-established and desirable suburb offering a blend of residential tranquility, convenient amenities, and proximity to both the city center and the coast, making it an attractive place to live.
* Distances and amenities are approximate.
