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Huge demand for homes in Gordon’s Bay

The scenic coastal town of Gordon’s Bay in the Western Cape is experiencing major demand for homes priced in the R1 million to R1.5 million price range, with homes snapped up in days as stock in this price band is in extreme short supply, says Louise Varga, Pam Golding Properties area manager.


Bikini Beach at Gordon’s Bay

“Residential property prices have risen in recent years with the result that there is a significant stock shortfall up to the R3.5 million mark and with the demand for all property under the R1.8 million threshold outstripping the current supply. Enquiries from buyers are brisk and ongoing, despite the fact that the stock shortage is driving prices up higher than at the beginning of the year.
 
“Buyers are mainly from Gauteng and KwaZulu-Natal, with more overseas buyers this past summer season. We often also find upwardly mobile people working in Europe buying to retire here – acquiring their place in the sun. Other purchasers are local Gordon’s Bay residents or those from Cape Town and the Helderberg scaling up or down due to lifestyle changes.”


Scenic view of Gordon’s Bay

Local Pam Golding Properties agent Trish Hartley says in the ‘Old Village’, an exclusive area which is popular as it’s a short stroll to the beach and restaurants, you can still pick up homes in the price range from R1.5 million and R1.8 million, or other larger houses set further back priced from R2.5 million to R3.5 million and R4.5 million.
 
In Harbour Island, an internationally recognised marina development with mooring for yachts, the prices of apartments range from R1.3 million to R1.35 million for a two bedroom one bathroom unit on the water, such as in Montego Bay, and from R1.5 million to R1.8 million and reaching R2.5m plus million in other more upmarket apartments. Freestanding full title houses are from an entry level asking price of R2.7 million to R5.5 million and upwards, depending on size and position.


Situated in a prime location in Chapman Drive in Gordon’s Bay, with views of False Bay and Table Mountain, this two bedroom, three bathroom home with an additional two roomed cottage is on the market through Pam Golding Properties priced at R3.5 million.
 
With regard to beachfront property, which tends not to trade that often as it is generally tightly held by owners, beachfront villas range from about R5 million to R8.5 million plus, depending on size and location. Currently there is a sea front property on the market in the harbour entrance area priced at R18 million.
 
In Cayman Beach the asking prices of two-storey villas are from approximately R1.8 million to R3.5 million and in Antilles Beach, beachfront villa asking prices are currently from R5.5 million to about R8 million, depending on the age of the house and size.
 
Hartley says the Suikerbossie/Protea area has experienced a lot more interest during the past summer season with quite a lot of overseas interest and more sales than in previous years.  Across all agencies there were four sales here between R4 million and R6 million. There is a larger turnover in Mountainside of the more affordable properties priced from around R2.3 million and upwards. Currently more interest is being experienced in affordable vacant plots, which are priced from R750 000 to R1.3 million. Plot sizes vary from around 600sqm to approximately 1000sqm.


Harbour Island at Gordon’s Bay
 
In the older area off Boundary Road, Gordon Heights which falls in the Mountainside location, asking prices range from R2 million for a ‘fix me upper’ to R4 million or R5 million, depending on size, condition and views. Stock here is very limited, and coupled with the increased demand prices have been rising during the past few weeks.
 
Offering sound advice for buy to let or investment buyers, Varga recommends purchasing in the middle class areas and spending about R1 million to R1.5 million, with achievable rental returns of R9 500 to R10 000 per month, for which there are always enquiries.


Within walking distance of Blue Flag status Bikini Beach in the Old Village in Gordon’s Bay, this two bedroom, two bathroom apartment is priced at R1.4 million through Pam Golding Properties.  
 
“Rentals are in huge demand – with a concomitant stock shortage. In fact, there is a crucial shortage of all types of rental properties in all price bands, particularly for family homes (with three bedrooms and two bathrooms) and for free standing units in security complexes.
 
“At present one can rent a two bedroom one bathroom flat with no garage and undercover parking in a beachfront security complex for about R7 500 per month. Rentals of three bedroom family homes in Gordon’s Bay range from R13 000 to R15 000 and above per month, depending on location and the amenities on offer.”
 
North and west facing with 360 degree views across the entire False Bay and the Helderberg mountains, in close proximity to the Cape Winelands Stellenbosch Wine Route and the  Hemel en Aarde Wine Route and located just 40 minutes from Cape Town, the lifestyle in Gordon’s Bay is highly appealing. There are two fully operational harbours for both small craft and yachts, clean and safe swimming beaches and various sports facilities, as well as attractive hiking trails and breathtaking scenic coastal drives.


Gordon’s Bay Old Harbour
 
The town is within easy reach of Somerset West, and Strand with its brand new upmarket private hospital at Paardevlei near Somerset Mall, plus the Hottentots Holland Government Hospital and Vergelegen Clinc in Somerset West. Good schools include a large primary school in Gordon’s Bay and SomerStrand College, a private school for Grades 1-12.
 
There are three shopping centres in the village and a variety of restaurants along the beachfront area plus an international hotel situated on the Harbour Island Marina. There are also golf courses in the vicinity (with De Zalze, Strand and Erinvale being the closest and Arabella further afield), plus a host of beach and water leisure activities. Notably, Gordon’s Bay’s Bikini Beach has Blue Flag status.


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