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You can find property from under R1m to R25m in Gordon’s Bay

10 Dec 2018

Gordon’s Bay in the Western Cape is one of the few areas where you can still find excellent value below R2 million, and even top-end millionaire homes are still only just in the R20 million R25 million range.

This six bedroom, nine bathroom house in Gordons Height offers a patio and breathtaking views of the city. It is on the market for R9.5 million - click here to view.

Louelle Lubbe, managing director for Seeff, says the affordability of property is a big driver for upcountry buyers looking to relocate to the coast for residential or retirement purposes. It is also a popular holiday destination.

The location is an obvious attraction. Gordon’s Bay is located in the Helderberg region with easy access to Cape Town and the airport. It is set against the scenic Helderberg Mountains and overlooks a pretty yacht-lined bay. It has a fabulous waterfront area with a promenade lined with fish shops, coffee bars and restaurants, says Lubbe.

This four bedroom, four bathroom house in Gordon’s Bay, Cape Town, offers a pool and amazing sea views. It is on the market for R13.1 million - click here to view.

Bikini Beach is a big attraction, but there really is something for everyone here, hence the numbers swell drastically over the summer holiday season. The destination is especially family- and retiree-friendly, she says.

Cape prices are often a real challenge for those looking to relocate from upcountry areas such as Johannesburg and Pretoria, given that prices there are notably lower. This has been a main driver of the demand in Gordon’s Bay as more and more people discover the charm, convenience and outstanding value for money, says Lubbe.

Entry-level properties, for example, only range from R500 000 to R700 000, and freehold from R1.4 million to R1.8 million. Family houses offer excellent value at around R1.3 million to R2 million for a 180sqm home, she says.

This two bedroom, one bathroom apartment in Gordon’s Bay, Western Cape, offers access to a communal pool and entertainment area. It is on the market for R699 000 - click here to view.

For luxury buyers, the Harbour Island development offers a unique marina lifestyle with a wide variety of properties ranging from R1.2 million to freehold luxury homes at R18 million. The millionaires’ houses located on the mountainside come with breathtaking views and generally fall in the R20 million and R25 million range.

Lubbe advises sellers to ensure that their property is priced according to the current market conditions. She says sellers should also not be tempted to compare their properties to those currently on the market as those may be overpriced. Rather use actual sales as a guideline, otherwise you will simply be wasting your time as an overpriced property will stay on the market longer than a property with market-related pricing.

This three bedroom, two bathroom house in Gordon’s Bay, Cape Town, offers enclosed garden and braai area. It is on the market for R1.289 million - click here to view.

Gordon’s Bay is the only area that offers the same spectacular setting as the Atlantic Seaboard area, yet you can find significant value. On top of that, it is also not as busy and crowded, so is ideal for buyers looking for a quieter lifestyle, says Lubbe.

The village also has a vibrant rental market with high demand, especially in the R5 000 and R9 500 per month price range. For three bedroomed homes with a pet-friendly garden, the popular range is R6 000 to R10 000 per month, but properties above R10 000 per month tend to stay on the market longer.

A concern for the market has been the installation of water meters by the Cape Town City Council, and in some complexes these have been installed randomly. It has caused great inconvenience to landlords and tenants due to unforeseen additional costs for all parties concerned and the additional administration for the body corporate and agents.

This four bedroom, two bathroom house in Gordon’s Bay, Cape Town, offers an entertainment area with bar. It is on the market for R1.495 million - click here to view.

In challenging times and due to the complex legislation, it is also important for landlords to ensure they are represented by a reputable agency. All steps should be taken to protect the landlord as far as possible, as the Rental Housing Act rests in the Constitution and protects the rights of a tenant.

The first step must be to find the top rental agency in your area that can assist you in procuring the best possible tenant, that can help with the collection of moneys, maintenance and who can be trusted through years of experience to identify any possible issues that could arise during the rental period to minimise risk and loss to the landlord, says Lubbe.

Lubbe says while the local property market is feeling the same economic pressure as elsewhere in the metro and country, property here remains a very attractive prospect and Seeff expects an increase in enquiries over the summer as more people will look to relocate to the area.

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