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Create vibrant community living in a growing residential node — prominent 4,015 m² corner stand with dual road access and rezoning approved for 19 dwellings, including seven inclusionary units.
An exceptional development opportunity awaits with this vacant corner stand, ideally located on two prominent roads within a highly sought-after node. Rezoned and primed for residential development, this property offers outstanding flexibility and strong investment appeal.
The corner position provides dual access, excellent visibility, and enhanced design options, allowing for optimal building orientation, natural light, ventilation, and convenient entrance points. The generous land size allows for creative site planning, including parking, landscaped areas, and ancillary structures, offering more versatility than standard interior stands.
Rezoning approval is already in place, with full access to municipal services, making this a ready-to-develop opportunity for owner-developers or small to medium-scale investors.
Corner properties are consistently in high demand due to their prominence, accessibility, and long-term resale value, making this an intelligent acquisition in a growing residential zone.
Property Overview:
Zoning: Residential 3
Development Rights: Approved for 19 dwelling units, including 7 inclusionary housing units
Listed for sale at R4,999,990
How this land compares with 20 active listings in Randburg.
Insight
Priced 15% above the local median — but still inside the typical range for Randburg.
It's smaller than typical, which helps explain where it sits in the range. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages — check with the agent for local guidance.
Similar properties pricing
Key differences
Premium priced · based on 20 listings
Compact at a premium · based on 20 listings
Market depth
20 listings
Similar homes town-wide
285 days
Median time on market
Medium inventory
Active across Randburg
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
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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.
