Helderberg Estate Property

Location

The neighbouring suburbs of Helderberg Estate are Steenbras View, Jonkershoogte and  Bakkershoogte.

Property Market

The total extent of Helderberg Estate is about 107,8 ha. There are 561 own title properties in the Helderberg Estate suburb and none sectional title properties. The median land size for own title property is 1 443 sq.m. The median price obtained in 2010 for own title properties had been R2 800 100. 

Between 2005 and 2009 184 own title properties were sold in Helderberg Estate - i.e. an annual average of 37 own title properties. Own title sales volumes between 2009 (29 houses) and 2010 (23 houses) decreased by 21%. Sales volumes for own title property in 2010 were 37,8% below the annual average of 37 homes sold in the suburb. Total sales for own title property in Helderberg Estate during 2010 has been R 63 426 883 whilst 2009 sales totaled R116 801 000 - i.e. a year on year decrease of 45,7%. Average total sales volumes in Helderberg Estate during the period 2005 to 2009 has been R107 721 960 p.a. The R63 426 883 total sales achieved in 2010 is therefore 41% lower than the average annual total sales volumes between 2005 and 2009.

The three highest prices achieved to date for own title properties in Helderberg Estate has been R9 650 000 (2009), R7 300 000 (2008) and R6 300 000 (2007). The lowest price obtained for an own title property during 2009 has been R1 150 000.

Helderberg Estate experienced a drop of 17,6% in median prices for own title property between 2009 and 2010 - decreasing from R3 400 000 to R2 800 000. The growth in median prices for own title property between 2005 (R1 916 500) and 2010 (R2 800 000) has been 46,1% - i.e. an annual growth rate of 9,2% which is one of the better annual growth rates in Somerset West suburbs during the last 5 years.

The growth in average prices for own title property between 2005 (R2 067 902) and 2010 (R2 757 690) has been 33,4% - i.e. an annual growth rate of 6,7%.

Sales statistics regarding the ratio of bonded vs cash sales in Helderberg Estate varied from 42% cash sales in 2005 to 52% cash sales in 2010. ABSA bank has with 36,3% the largest bond share in own title property in Helderberg Estate (Nedbank 9,8% / Standard Bank 23,5% / FNB 7,8%). 

• Residential Sale Property Ranging from R2,595,000 to R6,900,000