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5 Bed Vacant Land Residential For Sale in Summerset | MyProperty Africa

61% below similar land median

Vacant Land Residential in Summerset Estate
, Summerset, Midrand

Bedrooms5

Bathrooms5

Garages3

Land Size2643m²

LOOKING FOR A START UP BUIDING IN A SECURE ESTATE FOR YOUR LOVED ONES THEN LOOK NO FURTHER...

Create a versatile lifestyle or business base in a prime estate setting — largest pan-handle parcel, approved plans and partial foundations in place; five ensuites, three-car garage.

Calling on Investors/Developers/Family/Business Enterpreneur who seeking a start-up building

Here is your opportunity to invest in the largest Pan-Handle in the Estate

Home comes with approved Plans, Foundation laid and walls erected halfway

5 Ensuite Bedrooms and so much more is offered on the plans

Please do not hesitate to contact me for more information

Monthly Costs

Estimated Repayment

R 22,087

Levy

R 2,550

TotalR 24,637

* Monthly costs are estimates and should be confirmed with the agent.

Property history

Listed for sale at R2,500,000

10 Feb 2025

Smart Property Insights

MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties

Based on 51 listings in Midrand (town)

Insight

Priced below the median for similar land listings in the area. On a price-per-land-m² basis, it is 44% below the median. Land size is 26% smaller than typical for similar land.

Based on 51 active similar listings — Strong confidence

Similar properties pricing

This landR 2,500,000Within range

R 2,500,000R2.5MP25

R 6,449,000R6.4MMedian

R 13,540,000R14MP75

R 2,500,000R2.5MP25

R 6,449,000R6.4MMedian

R 13,540,000R14MP75

Key differences

Price per m²44% belowGood value

This landR 946/m²

Area medianR 1,680/m²

Based on 51 listings

Land size26% belowMore compact

This land2643 m²

Typical size3568 m²

Based on 51 listings

Market depth

51 similar listings

High similar land inventory town-wide (Midrand)

Median time on market: 329 days

Midrand Insights·Summerset Insights

* 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

Area Overview

Summerset is a tranquil, family-oriented residential suburb in Midrand that offers a perfect balance of suburban peace and convenient access to major business hubs and essential amenities.