Vacant Land Residential for sale
Create sought-after Fourways living minutes from Fourways Mall and Cedar Square, with landscaped communal gardens and a fully structured 60-unit medium-density project on 2.11 hectares.
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 R25,000,000
Compared with 41 active listings in Sandton.
Insight
Priced 456% above the local median — and above the typical range for Sandton.
The premium partly reflects the larger land size; buyers should still compare condition, position, zoning and services before deciding. 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
Good value · based on 41 listings
Large at a premium · based on 41 listings
Market depth
41 listings
Similar homes town-wide
174 days
Median time on market
Many similar homes
Active across Sandton
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Fourways is a vibrant and bustling residential hub in northern Johannesburg, offering a perfect blend of modern convenience, extensive retail options, and diverse lifestyle amenities for families and professionals alike.
