A 140 sq. meter previous home on Komemmiyut Road in Ramat Hasharon on a 352 sq. meter lot has been bought for NIS 8.8 million. The home is within the Neve Rassco neighborhood within the south of town close to Highway 5. Komemmiyut Road itself is a secluded highway on the western fringe of the neighborhood.
The realm round the home is basically characterised by indifferent and semi-detached homes. The scale of the heaps within the neighborhood are comparatively small – 200-300 sq. meters, on which the homes have been constructed, however there are additionally bigger plots, on which terraced properties and greater homes have been constructed. On these heaps, it’s doable to construct a 200 sq. meter home with a basement.
The prevailing stock within the space consists of an ideal many elderly homes, which generally are bought for demolition and rebuilding.
It’s not straightforward to investigate offers for indifferent homes, which may be very distinct from each other. A overview of offers carried out within the space lately reveals that the worth of previous homes (from the Nineteen Sixties and Nineteen Seventies) on a number of about 300 sq. meters that have been bought for NIS 7-8 million.
Assuming that the majority of those homes are meant for demolition or a minimum of for renovation from the bottom up, extracting the land element from the worth will increase the common order of magnitude by NIS 30,000-35,000 per sq. meter in constructing rights (or per sq. meter beneath building).
The present transaction exceeds the accepted value vary for homes in Neve Rassco, and the exception is probably going associated to the situation of the property – the home is on the west aspect of the road, which faces the fields between Neve Rassco and Moshe Sena Road, the highway that results in the Kfar Hayrok interchange. It’s probably that sooner or later the fields will grow to be built-up areas, however for now the open view will increase the worth of the property. One other situation that elevated the worth of the home is that it’s indifferent and the lot on which it was constructed is comparatively massive for the neighborhood.
The worth per sq. meter of the constructing reaches NIS 36,000 per sq. meter – above the standard vary.
Miri Ofek, the realtor that brokered the deal says, “The home was bought as plenty of land to a younger couple who work within the high-tech area, after the proprietor determined to not construct it himself, however to promote to others. The property had been rented for a very long time.” Within the first transaction, a 163 sq. meters, two flooring semi-detac hed home was bought at 1 Komemmiyut Road, on a nook lot of about 250 sq. meters, for NIS 7.17 million. The home was bought by an upwardly cell couple who returned to town after dwelling in Tel Aviv. It was bought following the belief of property belongings, and in keeping with Ofek, its value was honest in relation to the land space and situation of the home, which wanted large renovation.
RELATED ARTICLES
Rishon Lezion penthouse fetches NIS 11.2m
Eilat residence with sea view fetches NIS 6.5m
House on ‘unsuitable aspect’ of Ayalon Freeway fetches solely NIS 9.5m
Petah Tikva home and lot fetches NIS 25.3m
The second home is throughout from the property at 10 Komemmiyut Road, and its earlier house owners had already demolished the previous constructing and constructed a brand new home, which, in keeping with Ofek, is a “lovely and architecturally designed, two-floor home.” The built-up space of the home, which is a part of a semi-detached home, is about 210 sq. meters on a 275 sq. meters lot. The home is six years previous, has a nook backyard, and was bought for NIS 10.1 million to a household with kids.
“The transactions are essentially totally different, which has led to the big variation in costs. Total, every of them displays a good market worth for the property bought,” stresses Ofek
With regard to the costs prevailing within the neighborhood, the worth of the home now bought on Komemmiyut Road is 10%-15% greater, nevertheless, reflecting its benefits as a indifferent home overlooking the fields. It may be estimated that when its new house owners full the development, its new worth can be one of many highest in Neve Rassco.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 10, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025. .
