Mountainside And Gordon Heights Suburbs - Property Market Report 2018 - Gordon's Bay
Category Town &Suburb Reports - Gordon's Bay
The two adjacent suburbs of Mountainside and Gordon Heights in Gordon's Bay can be seen as part of the property crown jewels in the Helderberg area of Cape Town. These two upmarket suburbs are located against the slopes of the Hottentots-Holland Mountains - offering unsurpassed north-west facing sea views across False Bay towards the Cape Peninsula.
Mountainside is situated next to the Kogelberg Nature Reserve and within a few hundred meters of the blue flag status Bikini Beach. It is also at the start of probably one of the most scenic coastal drives in Africa. Gordon Heights is located right next to Mountainside and still in close proximity to what is on offer.
Location relative to Gordon's Bay and Helderberg Amenities
There are four shopping centres in close proximity to both suburbs offering a variety of shops including a Spar, Woolworths and Checkers.
The suburbs are conveniently located - close to the eateries on Gordons Bay Beach Road, the town's shopping centres, the main beach as well as Bikini Beach and the old harbour where sailing and angling from the harbour wall are the main attractions.
The nearest school to Mountainside suburb is Gordons Bay Primary School at 1.2 km away and the Strand High school (7.1 km). Mondeor Eco School is 8.2 km away and Reddam House Somerset (Private School) 10 km.
Gordons Bay's amenities are in close proximity - with 3 petrol filling stations located within 5 km (BP Gordons Bay is 1.3 km away, BP Aqua Mall 3 km and Shell N2 Broadlands is 5 km away).
Gordons Bay S.A.P.S (Police) is about 1 km from Mountainside Estate
The average household income range in Mountainside and Gordon Heights is according to Lightstone between R45 000 and R55 000 - which falls into the LSM high income category.
The period of tenure of ownership, which is a measure of ownership stability, shows the following:
- For Mountainside 54% of existing owners has owned property for 11 or more years, 8% between 8-10 years, 11% between 5-7 years and 27% less than 5 years.
- For Gordon Heights 45% of existing owners has owned property for 11 years or more, 11% between 8-10 years, 13% between 5-7 years and 31% less than 5 years.
Property Market: Mountainside
Mountainside consists of 659 Own Title (Freehold) properties and 3 Sectional Title units. Between January and December 2018 thirty five (35) properties were sold at the total value of R87 385m. During the same period thirty one (31) properties were registered at the median prices of R1m for the sectional title unit, R2 962m for own title properties and R1 298 for vacant land. Five years ago in 2013 the median prices obtained was R1 650m for own title properties and R666 000 for vacant land. The average capital growth over 5 years was there for 79% for own title properties (or 15.8% per annum) and 94% for vacant land (or 18.8 per annum).
Property Market: Gordon Heights
Gordon Heights consists of 497 Own Title (Freehold) properties and 112 Sectional Title units. Between January and December 2018 forty nine (49) properties were sold at the total value of R58 652m. During the same period forty four (44) properties were registered at the median prices of R800 000 for sectional title units, R1 750m for own title properties and R625 000 for vacant land. Five years ago in 2013 the median prices obtained was R562 000 for sectional title units, R1 225 for own title properties and R575 000 for vacant land. The average capital growth over 5 years was there for 42% for sectional title units (or 8.4% per annum), 43% for own title properties (or 8.4% per annum) and 9% for vacant land (or 1.8% per annum)
For more information about the available properties in Mountainside and Gordon Heights, or if you need a property valuation please contact our local resident estate agent, Waldie Terblanche (082 550 5286 / email@example.com).
Author: Lightstone / CMAinfo / Benhard Wiese / Waldie Terblanche