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Vacant land in Ferndale, 4015 m², zoned for residential 3, with draft plans for 16 duplex units.
Prime Vacant Land in the Heart of Ferndale - A Developer's Dream
Sellers accepting offers from R2 900 000 !!!
Discover an exceptional opportunity to develop in one of the most sought-after locations in Ferndale. This prime parcel of vacant land, ideally zoned for residential 3 use, is calling out to visionary developers looking to capitalize on its strategic position and immense potential. With draft plans for 16 ,3 bed duplex units ,this land offers great value for money.
Strategically located in the vibrant heart of Ferndale, this land offers an unparalleled opportunity for development. It is perfectly situated close to the bustling Randburg CBD, providing easy access to a thriving business hub with all necessary amenities. The proximity to main roads ensures seamless connectivity, making it an ideal location for future residents who value convenience and accessibility.
This well-positioned piece of land offers an excellent foundation for creating a residential community that caters to the demands of modern living. The area is highly sought after, promising great returns on investment for developers who can see its true potential.
Whether you envision creating a luxurious residential enclave or an innovative housing solution, this property presents an unmatched opportunity. Don't miss out on the chance to develop in one of Ferndale's most desirable areas. Contact us today to explore this exceptional development opportunity and make your mark in the heart of Ferndale.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R4,990,000
Price reduced by 3.8% to R4,800,000
Price reduced by 6.3% to R4,500,000
Price reduced by 22.2% to R3,500,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 23 listings in Randburg (town)
Insight
Priced above the median for similar land listings in the area. On a price-per-land-m² basis, it is 200% above the median. Land size is 60% smaller 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
Market depth
23 similar listings
Medium similar land inventory town-wide (Randburg)
Median time on market: 227 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
Ferndale is a centrally located, established suburb in Randburg that offers a blend of affordable residential properties, convenient access to major business hubs, and a variety of local amenities perfect for young professionals and families.
* Distances and amenities are approximate.
