Vacant Land Residential for sale
Build contemporary community living in sought-after Fourways/Craigavon, footsteps from Fourways Mall and Cedar Square — scalable 60-unit medium-density project with phased development potential and strong absorption.
Premium Development Opportunity – Craigavon / Fourways
Fully Structured 60-Unit Residential Project | High-Growth Node
Asking Price (Land + Rights): On Application
Location: Craigavon, Fourways, Johannesburg
Erf Size: 2.1128 Hectares
Development Scope: 60 Residential Units (±30 units per hectare)
Investment Overview
This is a ready-to-execute residential development opportunity positioned in one of Johannesburg’s strongest growth corridors. The project has been conceptually structured for medium-density residential units, targeting the high-demand Fourways market.
The opportunity is suited for:
·Property developers
·Joint venture partners
·Equity investors seeking exposure to residential development margins
Financial Snapshot (Developer Metrics)
Total Development Cost (All-In): ±R210 million
(Includes land, construction, professional fees, bulk services, and contingencies)
Estimated Gross Development Value (GDV): ±R276 million
Projected Net Profit: ±R66 million
Estimated Developer Margin: ±31% on cost
Cost Breakdown Insight
Construction (Labour + Materials + Services): ±R120 million
(Quoted by an experienced Johannesburg-based contractor)
Balance includes:
·Land acquisition
·Bulk infrastructure & services
·Professional fees
·Compliance & approvals
·Contingency provisions
Development Highlights
·Located in the rapidly expanding Fourways/Craigavon node
·Strong demand for sectional title and cluster developments
Proximity to:
·Fourways Mall
·Cedar Square
·Major transport routes
Ideal for:
·First-time buyers
·Young professionals
·Buy-to-let investors
Strategic Advantages
·Efficient density: 60 units over 2 hectares
·Scalable design for phased development (if required)
·Positioned in a high-absorption residential market
·Attractive margin profile for experienced developers
Important Considerations
·All figures are based on current feasibility and contractor input
Final returns subject to:
·Detailed design
·Municipal approvals
·Market conditions at time of sales
Call to Action
·Serious investors and developers are invited to engage for:
·Full feasibility pack
·Concept layouts
·Financial model breakdown
·JV structuring discussions
Listed for sale at R21,500,000
Wide price range across Sandton
Prices vary widely across Sandton, so a like-for-like comparison isn't reliable for this home.
Above the typical range for Sandton.
Market depth
36 similar homes
39 listings across Sandton
210 days
Median time on market
Medium inventory
Active across Sandton
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Fourways is a fast-growing, vibrant residential and commercial hub in northern Johannesburg offering a family-friendly suburban lifestyle with excellent modern amenities and a bustling social scene.
