Where is Alberton?
Alberton is a town situated on the East Rand in Gauteng
. It is one of the larger towns considered to be mainly residential and family oriented. Alberton is ideally located along the beautiful banks of the Natal Spruit, within close proximity of major highways as well as urban centres like Johannesburg
, which are about 15km and 76km away, respectively.
This makes life much simpler for the many Alberton property owners who commute to and from surrounding suburbs and business centres.
What types of property are there in Alberton?
The market stock of Alberton as per recent Lightstone reports is comprised in the main of freehold properties which account for around 64% of the homes in Alberton, with over 20% being units falling into the sectional title property portion and around 14% in the residential Estates sector.
What do various Alberton properties sell for?
A look at the recent Alberton property reports indicates that average freehold property prices have been increasing steadily over the past 10 years, while sectional scheme
prices appear to have stabilised over the past 4 years.
A more detailed Alberton property sales analysis, as per a national sales data provider, follows next.
The average municipal valuation of freehold properties in Alberton is currently estimated at around R1, 400 000, which is more than most of the average nearest town prices, and around par with the likes of prices in the Western Cape’s Betty’s Bay
Over the recent 12 months a total of some 900 odd Alberton freehold properties have been sold.
A breakdown of some of these sales show the following Sales trends:
53 of these sold for R400 000 or less
201 sold for between R400 000 and R800 000
476 sold for between R800 000 and R1, 500 000
130 sold for between R1, 500 000 and R3, 000 000
20 sold for greater than R3, 000 000
The average municipal valuation of sectional title properties in Alberton is currently estimated at around R760 000 and is around par with Stil Bay in the Western Cape
Over the past 12 months nearly 600 sectional title properties in Alberton have been sold:
75 of these sold for less than R400 000
360 sold for between R400 000 and R800 000
132 sold for between R800 000 and R1, 500 000
13 units sold for more than R1, 500 000
The average valuation of residential Estate properties in Alberton is estimated at around R1, 600 000, with values ranging from around R270 000 to over R7, 000 000.
Over the past 12 months a total of 410 estate properties have been sold.
History of Alberton
20 of these sold for less than R400 000
38 sold for between R400 000 and R800 000
189 sold for between R800 000 and R1, 500 000
125 sold for between R1, 500 000 and R3, 000 000
38 sold for R3 000 000+ (the likes of the Meyersdal Eco Estatewill account for a number of these).
The story of Alberton as a town is quite fascinating and remarkably humble. In short, General Alberts is the war veteran officially regarded as the founder of Alberton.
However, the town does also honour the Meyer household name, which played a significant role in Alberton’s existence from very small beginnings. Their original farmhouse mansion still stands behind Meyersdal Koppie today.