Create vibrant city-edge living steps from Sandton CBD and Hyde Park, ideal for student, professional or retirement schemes on a 1,300m² corner stand with high-density RES3 zoning.
SOUGHT AFTER, UNIQUE RES 3 DEVELOPMENT OPPORTUNITY
DEVELOPMENT LAND IN A HIGH DEMAND, PRIME, CONVENIENT & SECURE PARKMORE LOCATION
SANDTON CBD ON YOUR DOORSTEP - HYDE PARK UP THE ROAD.
This is a great opportununity to provide a solution to the following potential markets::
·ADDRESS THIS HIGH DEMAND MARKET FOR QUALITY ACCOMMODATION. (Within an 8km radius of well known tertiary institutions, shops & public transport are within walking distance) Potential highly competitive rental income figures
THE PROPERTY:
Existing dwelling to be demolished - currently income bearing
REQUIRED:
LOCATION:
VERY SERIOUS SELLER - FOR FURTHER INFO CALL NOW - LET`S MEET, VIEW & NEGOTIATE
Please Note: NO JV`s will be considered.
E&OE`s
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R5,700,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 41 listings in Sandton (town)
Insight
Priced above the median for similar land listings in the area. On a price-per-land-m² basis, it is 131% above the median. Land size is 52% 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
41 similar listings
High similar land inventory town-wide (Sandton)
Median time on market: 109 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
Parkmore is a desirable, family-friendly suburb known for its active community, green spaces, and convenient access to Sandton's business and entertainment hubs.
* Distances and amenities are approximate.