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Find value-for-money coastal homes in Gordons Bay

15 Jul 2019

With coastal apartments on offer from R500 000, it is no surprise that “value for money” has seen the Gordons Bay property market remain active despite economic pressure.

This one bedroom ground floor apartment in Gordons Bay Central, Western Cape, offers a private garden, 24-hour security and access to a communal pool. It is on the market for R620 000 - click here to view.

This is according to Louelle Lubbe, Seeff’s licensee for Gordons Bay who says while the market has felt some decline over the last year, it has been far less compared to many other areas.

Entry-level prices for vacant land and apartments start at R500 000, and freestanding properties range from R1 million to R5 million, making this section of the market the most affordable.

This three bedroom, three bathroom home in Gordon Heights, Western Cape, has views of the Helderberg area and ocean, flowing living areas and green features. It is selling for R4.2 million - click here to view.

Lubbe says sellers in this price range are still achieving 90% to 100% of their asking price.

“Properties in the price bracket above R4 million tend to stay on the market longer with sellers achieving in excess of 70% of their asking price. There is, however, a steady stream of buyers looking at property options in this range and I expect the trend to continue with freestanding properties becoming scarcer,” she says.

“The median property prices have increased quite rapidly during the last three years and, given the economic climate, we expect prices to stabilise for a short while. Sellers need to understand that it is critical to enter the market at a market-related price.

See recent sold prices for property in Gordons Bay

Gordons Bay is regarded as somewhat of a ‘hidden jewel’ in the Helderberg and Western Cape. With the Hottentots Holland Mountain range as a backdrop and located in the Kogelberg Biosphere, Lubbe says this quaint village hugs the shore of spectacular False Bay and is “reminiscent of the Atlantic Seaboard, but at a fraction of the price”.

This townhouse in Onverwacht, Gordons Bay, has three bedrooms, two bathrooms, patio and mountain views. It is selling for R1.385 million - click here to view.

The Cape’s water troubles, seasonal living and the absence of secondary schools has influenced this market somewhat, she says.

“The town council is doing their utmost to ensure the integrity of the village is retained by taking a strong stand on high-rise developments and focusing on development of infrastructure such as shopping malls, refurbishing of the old harbour and upgrading of roads in the area.”

This two bedroom apartment in Harbour Island, Gordons Bay, is close to the beach. It is on the market for R995 000 - click here to view.

These factors and the potential for new developments bode well for the future of Gordons Bay property, says Lubbe.

It is definitely an area that buyers should look at. Aside from being a residential area with easy access to Strand, Somerset West, Stellenbosch and Cape Town, Gordons Bay also offers an excellent opportunity for holiday and retirement buyers.

Located in a secure complex, this two bedroom apartment in Whispering Pines, Gordons Bay, has a communal pool and 24-hour security. It is selling for R810 000 - click here to view.

“You can find much more bang for your buck here,” says Lubbe. “Buyers should look at property as a long-term investment and in Gordons Bay you are not just investing in property, but into a lifestyle within a close-knit community.”

Property choices are varied and range from vacant land at affordable prices to sought-after stands in Mountainside which offer spectacular views over the Helderberg and the False Bay coast.

This three bedroom, two bathroom home in Fairview Golf Estate, Gordons Bay, offers a covered patio with mountain views and is close to amenities. It is on the market for R1.65 million - click here to view.

Additionally, she says you can find anything from small apartments with a great yield to luxury beachfront apartments, upmarket marina living, golf estates and affordable family homes. In the Firland area, you will find a country lifestyle.

No wonder then that buyers from Gauteng, KwaZulu-Natal, the Free State and Europe are flocking to this well-kept secret.

“Gordons Bay is still an investor’s dream and buyers and investors will find value for money, a village lifestyle, security and a sense of tranquillity,” she says.

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